Dear Shareholders,

FY 2022-23 was marked by another period of transition. In 2022, the global economy faced a number of challenges, including Russia's invasion of Ukraine, inflation, and soaring energy prices, while still recovering from the remaining impacts of the pandemic. Despite growing global uncertainty and sluggish growth, India has maintained its position as the world's fastest-growing major economy. India's rising global profile is supported by a number of accomplishments, as the Indian government has remained committed to key priorities. Such priorities included the nationwide implementation of 5G, fiberization as part of the Bharatnet and NHAI projects, and encouraging participation in the PLI programmes to promote indigenous design and manufacturing across various industries.

During FY 2022-23, your Company was able to maintain stable operations, increase prices, and accelerate transformation activities. The Quint has expanded its reach, increased its market share in its primary digital news media operations, accelerated the expansion of its media business, and maintained its innovation momentum. Your Company continually challenges the status quo by telling stories that are in-depth, visually captivating, community-driven, and presented in a variety of interactive multimedia formats. This distinguishes us from the vast majority of legacy media operations. Your Company's strategies for digital transformation and supply chain optimisation are also in place.

The Indian Media and Entertainment (M&E) industry has been a driving force for the economy and is expanding rapidly across all of its segments. The Indian M&E industry is entering a robust growth phase, which is supported by a rise in consumer demand, the extension of the digital sector, and increasing advertising revenues. According to the FICCI EY report titled "Windows of opportunity - India's media & entertainment sector maximising across segments", the Indian Media and Entertainment (M&E) industry is expected to grow by 11.5% annually in 2023, by reaching '2.3 trillion, and then increasing by 21% per annum to '2.8 trillion in overall revenues in 2024. Between 2022 and 2025, the industry is anticipated to grow at a CAGR of 10.5% and contribute approximately '734 billion in total revenues to the M&E industry. In 2022, the online news audience expanded

to 473 million unique mobile and desktop users of news sites, portals, and aggregators. In 2015, The Quint was established as a digital media platform to capitalise on these rising digital content trends. Your Company is well positioned to capitalise on this consumer growth by continuously developing innovative multimedia/video-led content due to its editorial and content capabilities, quality workforce, and sound financial position.

The M&E industry would further enhance its customer-facing technologies and experiences in order to increase engagement and adapt to changing consumer preferences. This trend applies to all media subindustries, including entertainment, advertising, cable, publishing, sports and live events, and information services. Specific emphasis is placed on data and analytics capabilities to improve decision-making. Your Company has been proactively reinvesting its free cash flows from profitable operations into higher-growth areas in order to position itself for the future.

Millennials are eager to engage with any subject, provided it is presented in a way that resonates with them. This generation has made a tremendous effect on the existing patterns in Digital Media, which earlier infiltrated an older generation of people. By implementing a mobile-first policy and a multi-format strategy that includes video, text, infographics, and experiential content, your Company has been highly effective in incorporating such strategies into the platform. It has liberated the Digital News Media sector by devising and providing distinctive platforms for curated user-generated content, internationally recognised fact checks, promoted content, and other news-related content. All of this has been accomplished without sacrificing journalistic values and integrity, resulting in The Quint's social media reach and engagement levels surpassing those of the most prominent traditional media outlets. In FY 2022-23, the main verticals, The Quint and Quint Hindi generated an impressive number of views and impressions across a diverse portfolio of websites and social media channels, totalling 1.4 billion unique viewers and 8 billion impressions.

Your Company is the only new-age digital media and technology organisation that is listed on the Indian stock market. It has been the foremost multi-brand digital media and media-tech conglomerate in India. Your Company has been reaching for

In FY 2022-23, your Company generated '4,104.52 lakhs in revenue with a net margin of 15.53%. Your Company's business is profitable despite the absence of legacy content available to conventional media companies. In addition, Your Company has a net worth of '16,743.48 lakhs, a zero net-debt position, a sound balance sheet, and a wide range of revenue streams. The transaction for the sale of a 49% stake in BQPRIME has been closed in FY 2022-23.

and working towards increased organic and inorganic growth. Moreover, in order to match the audience profile and the medium, your Company has ensured that The Quint's personnel, including reporting and editorial, are significantly younger than the industry average. The majority of the divisions are managed by women, and The Quint takes pride in being the pioneers of gender equality in the media industry. This sensitivity to gender issues is also evident on the content side, where your Company is one of the few media organisations in India to have a dedicated correspondent on gender-based topics, which explains why a greater proportion of the viewers are female.

Your Company is one of the fastest-growing digital content enterprises in India. With its flagship product, TheQuint.com in English and Hindi (hindi.thequint.com), The Quint has pioneered a new form of mobile-first, social-native digital journalism and storytelling. Your Company fosters innovation, social consciousness, and adherence to strict codes of conduct among its employees, in addition to providing them with a variety of resources to generate creative news and content. In FY 2022- 23, your Company generated '4,104.52 lakhs in revenue with a net margin of 15.53%. Your Company's business is profitable despite the absence of legacy content available to conventional media companies. In addition, Your Company has a net worth of '16,743.48 lakhs, a zero net-debt position, a sound balance sheet, and a wide range of revenue streams. The transaction for the sale of a 49% stake in BQPRIME has been closed in FY 2022-23. Your Company completed the rights issue during the year under review, and the proceeds from the rights issue and the divestment of a 49% stake in BQPRIME have provided your Company with substantial cash reserves and a further increase in overall profitability.

Quintype Technologies India Ltd., founded in 2016, is a material subsidiary of Quint Digital Media Ltd., headquartered in

Bangalore, India. Quintype provides advanced digital publishing solutions, to a diverse clientele of marquee publishers in India, the USA, Europe, the Middle East, and Africa. Such solutions encompass content and workflow management, audience engagement, user experience, real-time analytics, API (Application Programming Interface) access, front-end support, and multi-site capabilities, ensuring a seamless publishing experience. During FY 2022-23, we served 130 publishers, delivering 800 million page views per month and publishing 500,000 unique stories in 150 languages. Quintype's media- tech operations experienced exponential growth, with revenues reaching '22.49 crore, a remarkable 150% YoY growth from the previous fiscal year's revenue of ' 9.0 crore.

This M&A activity undertaken by your Company has been intended to expand and diversify its digital media categories and access to technology for content creation, distribution, and monetization. The objective of your Company for the coming year is to consolidate the performance of its major digital properties while maintaining its focus on profitable expansion. Your Company is confident in its capacity to accomplish these goals, especially considering the positive impact of the predicted expansion of its digital media and media-tech businesses. We appreciate your trust and wish you a healthy and prosperous year ahead, on behalf of the Board of Directors and management.

Sincerely,

Raghav Bahl

Founder/Director