Company Update

Quint Digital Ltd has announced the allotment of 82,61,401 partly paid-up 10% non-cumulative non-participating compulsorily convertible preference shares of face value ₹ 100 each, alongside 82,61,401 partly paid-up detachable warrants at ₹ 10 each, through its rights issue.

Shareholders have paid 50% on application for the preference shares and half for the warrants, with the remaining balance payable on future calls.

This capital raise expands the company's financial structure, introducing 41.31 Cr in preference share capital and 4.13 Cr in warrant capital, impacting overall capitalization for stakeholders.