The Board of Directors in their meeting held today, inter alia, considered and approved, alteration of the Object Clause of the Memorandum of Association of the Company, subject to the ....
QUINT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Quint Digital Ltd's Board, at its meeting on May 27, 2025, approved amending the Object Clause of the company's Memorandum of Association to expand into the hospitality and restaurant sector, subject to shareholder approval. Alongside this, the company announced a franchise agreement with global lifestyle brand Time Out Group to launch Time Out India. The partnership covers Time Out Media (including timeout.com/india and social channels) and gives QDL exclusive rights to explore bringing Time Out Market—a curated food and cultural market concept—to India. Time Out Market currently operates 11 locations globally in cities like New York, Chicago, and Dubai, and this is the first time a franchise partner will handle both the Media and Market businesses together. Quint Digital is currently a media-tech company running brands like The Quint, Quintype, The News Minute, Youth Ki Awaaz, and Kisan India, and recently acquired ListenFirst Media for AI-driven analytics.
This is a significant diversification move for the company beyond its digital media roots, potentially opening new revenue streams in India's growing lifestyle and food retail sector. Shareholders should watch for the postal ballot or EGM outcome since member approval is still required before the new business objects take effect, and any subsequent capex tied to opening Time Out Markets in India could affect future financials.