The Board of Directors in their meeting held today, inter alia, considered and approved: 1. alteration of the Object Clause of the Memorandum of Association ('MOA') of the Company, subject ....
QUINT · price
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Quint Digital's board, at its May 27, 2025 meeting, approved three key items. First, an alteration of the Object Clause of the company's Memorandum of Association to enable entry into the hospitality and restaurant sector, including experiential food and cultural markets, curated food halls, and bar and cultural venues—this change needs shareholder approval. Second, the company signed franchise agreements with UK-based Time Out Group (Time Out Market Limited and Time Out England Limited) to launch 'Time Out India.' The partnership covers both Time Out Media, a digital city guide, and the exclusive option to set up Time Out Market food and cultural destinations in India. Quint Digital notes this is the first franchise deal globally where one partner will run both Time Out's media and its physical market concepts. Third, the notice for the company's 40th Annual General Meeting was approved. Launch of timeout.com/india is planned later this year.
This marks a clear diversification for Quint Digital from a digital media-tech company into the lifestyle and hospitality space, opening new revenue streams from advertising, franchise fees, and physical food markets. The deal could be viewed positively by the market as it leverages the global Time Out brand in India, though no financial terms, deal size, or revenue projections were disclosed, and the MOA change still requires shareholder approval at the upcoming AGM.