Quint Digital rights issue: ₹90.88 crore plan for 2026

Approval clears the Letter of Offer

Quint Digital Media said its Rights Issue Committee of the Board of Directors has approved the Letter of Offer for a proposed rights issue aggregating up to ₹90.88 crore. The committee finalised the approval and key terms on August 19, 2026. The company’s update positioned this as a structured fundraise through preference shares and warrants, rather than a plain equity issuance.

The decision followed an in-principle approval from BSE Limited dated August 14, 2026. Quint Digital 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.

Issue size and an important number mismatch

The Letter of Offer figure was stated as ₹9,087.55 lakh, which the company also described as about ₹90.88 crore. In a separate headline reference included in the same broader update set, the rights issue size was also mentioned as ₹908.8 lakh (about ₹9.09 crore). The Letter of Offer figure and the detailed table both referenced the larger amount.

As stated in the update, the rights issue is for an aggregate size of up to ₹90.88 crore. Readers tracking the announcement should note the mismatch between the headline reference and the Letter of Offer amount as reported.

Instruments: CCPS plus detachable warrants

The rights issue structure includes partly paid-up compulsorily convertible preference shares along with detachable warrants. Specifically, 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 update also stated that CCPS and warrants require ₹55 upfront.

Rights entitlement ratio for shareholders

Quint Digital set the rights entitlement ratio at 7 CCPS along with 7 detachable warrants for every 40 fully paid-up equity shares held. This ratio will determine how many CCPS and warrants an eligible shareholder can apply for under the issue.

Eligibility is tied to the record date announced by the company. Shareholders on the register as of the record date will be considered for the entitlement credit.

Key dates: record date, opening and closing window

The record date for determining eligible shareholders is August 25, 2026. The company stated that rights entitlements will be credited in dematerialised form by August 26, 2026.

The rights issue is scheduled to open on September 2, 2026 and close on September 10, 2026. The stated timeline also allows renunciation of rights entitlements on-market until September 7, 2026.

Renunciation and the stated extension option

The update said shareholders may renounce their entitlements on-market until September 7, 2026, providing flexibility to those who do not wish to subscribe. Quint Digital also noted that the Board has reserved the right to extend the issue period by up to 30 days from the opening date.

These mechanics matter because rights issues often see participation decisions concentrated around entitlement credit, the renunciation window, and the closing day.

Conversion terms highlighted in the update

On conversion, the company disclosed that 1 fully paid-up CCPS will convert into 1 equity share. The conversion is stated to happen after 60 months from allotment.

The update also said that conversion could potentially create 1.65 crore equity shares. This figure was presented as a potential outcome in the cited update, alongside the stated CCPS and warrants structure.

Listing, ISIN, and regulatory references

Quint Digital said it will apply to BSE for listing of the rights securities and the equity shares that may result upon conversion, aligning with SEBI listing regulations. It also disclosed that it secured ISIN INE641R20025 for the purpose of crediting rights entitlements for the proposed issue.

The company referenced BSE’s in-principle approval dated August 14, 2026 as part of the process leading up to the committee’s August 19 approval.

Snapshot table: what the company disclosed

What investors typically watch next

With the Letter of Offer approved and dates announced, the next operational steps are tied to entitlement credit in demat form and the issue’s opening. Investors generally track the renunciation window closely because it can influence participation decisions for eligible shareholders.

The company’s stated plan to seek BSE listing for the rights securities and resultant equity shares on conversion is also part of the compliance and post-issue roadmap described in the update.

Conclusion

Quint Digital’s Rights Issue Committee has cleared the Letter of Offer for a rights issue of up to ₹90.88 crore, structured through CCPS and detachable warrants, with the record date set for August 25, 2026. The issue is scheduled to run from September 2 to September 10, 2026, with on-market renunciation allowed until September 7, 2026. The next milestones, as outlined by the company, are entitlement credit by August 26 and completion of the issue process within the stated timetable, subject to the board’s extension option.