Quint Digital rights issue: ₹90.88 crore details

What Quint Digital Media announced

Quint Digital Media has approved a proposed rights issue aggregating up to ₹90.88 crore (₹9,087.55 lakh). The fundraise is structured through partly paid compulsorily convertible preference shares (CCPS) along with detachable warrants. The company said its Rights Issue Committee of the Board of Directors approved the terms and the Letter of Offer. Quint Digital Media has submitted the Letter of Offer to BSE Limited for the rights issue.

The rights issue size is based on issuing up to 82,61,402 CCPS and an equal number of detachable warrants. The securities are offered to eligible shareholders based on a fixed entitlement ratio. The issue is scheduled to open on September 2, 2026 and close on September 10, 2026.

Instruments on offer: 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 issue an equal number of detachable warrants, meaning up to 82,61,402 warrants under the same offer.

Each CCPS carries a face value of ₹100 and is issued at par, with an issue price of ₹100 per CCPS and no premium. Each detachable warrant is priced at ₹10. The structure also specifies that one warrant is attached to every CCPS.

Issue size and pricing breakdown

Quint Digital Media has communicated a total issue size of up to ₹90.88 crore (₹9,087.55 lakh) through CCPS and detachable warrants. The issue price of each CCPS is ₹100 and the issue price of each warrant is ₹10. The company also disclosed the upfront amount payable at the time of application, along with the remaining payment schedule.

Because both the CCPS and warrants are designed to convert into equity shares after full payment, the rights issue can increase the equity share count if investors pay all calls and exercise conversion. Based on the stated quantities, full conversion of both instruments could result in up to about 1.65 crore equity shares (82.61 lakh from CCPS and 82.61 lakh from warrants).

Entitlement ratio for existing shareholders

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 determined based on holdings as of the record date.

The record date for determining eligibility is August 25, 2026. Shareholders holding Quint Digital Limited (QUINT) shares as of that date will be eligible to receive Rights Entitlements (REs) in line with the stated ratio.

Key dates: record date, issue period, and renunciation window

The rights issue opens for subscription on September 2, 2026 and closes on September 10, 2026. The company’s stated schedule also allows shareholders to renounce their entitlements on-market until September 7, 2026.

These timelines matter for shareholders who want to participate directly, buy or sell REs (where applicable), or make a decision based on their entitlement. The record date and the renunciation window are also important for investors tracking when REs become available and when they stop trading.

Upfront payment and the call structure

Investors must pay ₹55 per rights security on application. This upfront amount includes ₹50 towards each CCPS and ₹5 towards the accompanying warrant.

The balance payment terms are split between the two instruments. For the CCPS, the remaining ₹50 per CCPS is payable pursuant to one or more calls within 60 months from the date of allotment. For the warrants, the remaining ₹5 per warrant is payable upon conversion within 18 months from the date of allotment.

Conversion terms for CCPS and warrants

Upon becoming fully paid-up, each CCPS will compulsorily convert into one equity share after 60 months from allotment. This means the CCPS are structured to become equity after the stipulated period, subject to payment of the remaining call money.

Similarly, each warrant will convert into one equity share upon receipt of full consideration. The warrant conversion is tied to paying the remaining ₹5 within 18 months from the date of allotment, as stated in the terms.

How to apply: online and offline route

The rights issue includes an offline application route. Investors can apply offline by submitting the application form to the nearest branch of an SCSB (Self-Certified Syndicate Bank).

This is relevant for shareholders who prefer physical submission or who need bank-assisted processing. Investors typically also track the RE credit and application timelines during the issue period specified by the company.

Summary table: instruments and issue timeline

What the announcement means for shareholders

For existing shareholders, the announcement lays out a clear entitlement-based offer with a partly paid structure. The ₹55 upfront requirement is materially lower than the combined final issue price of ₹110 per paired security (₹100 CCPS + ₹10 warrant), because the remaining amounts are payable later through calls and conversion payments.

The long-dated nature of the CCPS conversion timeline (60 months from allotment) and the warrant conversion window (18 months) also sets expectations on when additional equity may be issued, depending on how many investors complete payments and exercise conversions. Quint Digital Media’s filing of the Letter of Offer to BSE and the committee approval signals that the process is moving through the stated regulatory and procedural steps.

Conclusion

Quint Digital Media’s proposed rights issue aggregates up to ₹90.88 crore through 82.61 lakh CCPS and 82.61 lakh detachable warrants, offered at 7 + 7 for every 40 shares held as of August 25, 2026. The issue opens on September 2, 2026 and closes on September 10, 2026, with on-market renunciation available until September 7, 2026. Next steps for investors are tied to the issue calendar, payment schedule, and the conversion milestones stated in the offer terms.