Quint Digital rights issue 2026: ₹90.88 cr details

What Quint Digital has approved

Quint Digital Media has approved the Letter of Offer for a proposed rights issue aggregating up to ₹90.88 crore (₹9,087.55 lakh). The approval and key terms were finalized by the Rights Issue Committee of the Board of Directors on August 19, 2026. The committee’s decision followed an in-principle approval from BSE Limited dated August 14, 2026. The rights issue structure includes partly paid-up compulsorily convertible preference shares along with detachable warrants. The company has indicated it will apply to BSE for listing of the rights securities and the equity shares that may result upon conversion, as required under SEBI listing regulations.

Securities being issued: CCPS plus detachable warrants

The issue comprises up to 82,61,402 partly paid-up 10% Non-Cumulative Non-Participating Compulsorily Convertible Preference Shares (CCPS). Along with these CCPS, the company will also issue an equal number of detachable warrants. This means up to 82,61,402 warrants may be issued under the same rights offer. The article does not disclose the issue price, payment schedule, or any price band for the rights securities. Where market trackers show placeholders for the price, the figure is not specified in the provided information.

Rights entitlement ratio and eligibility

The rights entitlement ratio is set at 7 CCPS along with 7 detachable warrants for every 40 fully paid-up equity shares held. Eligibility is based on the record date announced by the company. The record date for determining eligible shareholders is August 25, 2026. Shareholders holding fully paid-up equity shares as of the record date will receive the rights entitlements in their demat accounts. This structure, combining CCPS and warrants, implies shareholders will need to evaluate both the preference-share conversion timeline and the separate warrant component when deciding whether to subscribe or renounce.

Key dates: record date, credit, opening and closing

Quint Digital has provided a detailed schedule for the rights entitlement credit, renunciation window, and issue period. Rights entitlements will be credited in dematerialized form by August 26, 2026. Shareholders can renounce their rights entitlements on-market until September 7, 2026. The rights issue is scheduled to open on September 2, 2026 and close on September 10, 2026. The Board has also reserved the right to extend the issue period by up to 30 days from the opening date.

Conversion terms: what happens to the CCPS

A key feature of the offer is the conversion timeline for the preference shares. The company has stated that once each CCPS becomes fully paid-up, it will compulsorily convert into one equity share. This conversion will take place after 60 months from the date of allotment. The conversion ratio described is one equity share for each fully paid-up CCPS. The article does not provide additional information on conversion price mechanics or any anti-dilution adjustments.

Listing and regulatory steps mentioned

The company will apply to BSE for listing of the rights securities. It also plans to seek listing for the resulting equity shares upon conversion of the CCPS, in line with applicable SEBI listing regulations. The article specifically notes that the terms were finalized after BSE’s in-principle approval dated August 14, 2026. Separately, the text also references that the rights issue process is subject to approvals required under applicable laws and regulatory requirements.

How the decision unfolded: board and committee actions

The broader sequence included earlier board-level deliberations about fundraising. The article text mentions that the Board of Directors was scheduled to meet on May 22, 2026 to consider audited financial results for the quarter and year ended March 31, 2026, and a proposal to raise funds via a rights issue. It also mentions consideration of issuing non-convertible debentures through private placement, in line with the Companies Act, 2013. The Rights Issue Committee was scheduled to meet on May 29, 2026 to finalize key terms such as issue price, payment mechanism, entitlement ratio, record date, and timing, subject to BSE’s in-principle approval.

Market context: the stock price snapshot provided

The article includes a snapshot of Quint Digital’s trading price. It states the stock last traded at ₹47.80, compared with a previous day price of ₹46.92. No percentage movement is provided in the text, and the broader market reaction is not described. Investors typically track such fundraising actions for potential dilution effects and the implied capital-raising plan, but any outcome will depend on subscription levels and final allotment details, which are not included here.

Corporate actions background cited in the text

The same dataset also references past corporate actions by Quint Digital. It lists a rights issue of equity shares announced on February 7, 2022 with a record date and ex-rights date of December 22, 2022. For that earlier rights issue, the ratio is described as 42:37 and the issue price is shown as ₹50.0, with face value ₹10 and a premium of ₹40 per share. The text also notes a bonus issue announced on January 20, 2021 with a record date of March 3, 2021 and a bonus ratio of 1 share for every 1 share held.

Key facts table

What to watch next

The article makes clear that the issue price is not provided in the available details, even though the committee met to finalize terms. Investors will typically look for the final price, payment schedule for partly paid-up securities, and the final allotment timeline once disclosed. The company has already stated it will proceed with exchange listing applications for the rights securities and for the equity shares arising from conversion, which are key procedural steps after the rights issue process begins.