Quadrant Televentures Ltd

AGM details

• Held on Sep 29, 2026 at 4:30 PM via VC/OAVM.
• Record date for voting entitlement: Sep 22, 2026.
• Remote e-voting open Sep 26–28, 2026; e-voting unblocked Sep 29, 2026.

Insolvency context

• Company under CIRP; NCLT order dated 02 Sep 2025.
• Board powers suspended; Resolution Professional Rajesh Jhunjhunwala oversees proceedings.

Resolutions

• Resolution 1: adopt audited financial statements for year ended 31 March 2026.
• Resolution 2: approve remuneration to Cost Auditors for FY 2026-27.

Voting results

• Resolution 1 passed; 70.98% Yes, 29.02% No; 4 abstentions.
• Resolution 2 passed; 72.62% Yes, 27.38% No; no abstentions.

Cost auditor remuneration

• Remuneration for Cost Auditor approved for FY 2026-27.

AGM details

• Date and time: 29-Sep-2026 at 4:30 PM; mode: video conferencing.

Key resolutions

• Resolution 1: Ordinary; adopt Audited Financial Statements for FY ended Mar 31, 2026.
• Resolution 2: Ordinary; ratify remuneration to Cost Auditors for FY 2026-27.

Voting results

• Res 1: Passed; 70.98% in favour, 29.02% against; abstentions 1,521.
• Res 2: Passed; 72.62% in favour, 27.38% against; abstentions 1,521.

AGM details

• Held 29 September 2026 at 4:30 PM via VC/OAVM.
• Under CIRP; powers with Resolution Professional.

Key resolutions

• Ordinary: Adoption of Audited Financial Statements for FY ended 31 March 2026.
• Special: Ratification of remuneration for Cost Auditors for FY 2026-27.

Voting results

• Voting results will be submitted separately within the stipulated time.

Quadrant Televentures Limited trading window closed for Designated Persons/Insiders from October 1, 2026 until 48 hours after publication of Un-Audited Financial Results for the quarter and half year ended September 30, 2026

Financial performance

• Revenue from operations at 20,953.45 Lakhs, down from 23,624.20 last year.
• Total Income at 21,043.65 Lakhs, down from 23,769.40.
• Total Expenses 23,086.29 Lakhs, down from 37,872.95.
• Operating loss 2,267.07 Lakhs; Net loss 2,330.18 Lakhs for the year.
• Total comprehensive income negative at 2,267.70 Lakhs.
• Operating cash flow 5,107.89 Lakhs; EPS -0.38.
• Cash and cash equivalents at year-end 778.57 Lakhs.
• Debt and liquidity: Total debt 208,087.83 Lakhs; gearing -2.45x.

CIRP status and going concern

• Company under CIRP since Sep 2, 2025; RP manages affairs; board powers suspended.
• CoC established; resolutions under e-voting for CIRP plan.

Operations and footprint

• Single segment: Unified Telephony Services; Punjab Circle operations only.
• Subscriber base 3.31 Lakhs as of 31 March 2026.
• FTTH capacity expanded to 5.80 Lakhs; FTTH subscribers 2.18 Lakhs.
• FTTH adds 0.21 Lakhs in the year; FTTH rollout across Punjab.

Capital structure & dividends

• Paid-up equity capital Rs 6,122.60 Lakhs; CRPS Rs 22,484.54 Lakhs.
• Total equity negative at Rs -2,93,065.99 Lakhs; no dividend declared.
• Total debt Rs 2,08,087.83 Lakhs; gearing -2.45x.
• No new securities issued during the year.

Governance and management

• CFO Anuj Ohri resigned Oct 5, 2025; Umesh Srivastava appointed Apr 16, 2026.
• All directors disqualified due to NCD redemption default; CIRP ongoing.
• RP Rajesh Jhunjhunwala appointed Jan 12, 2026; CoC underway.

Audit, controls and compliance

• Statutory auditor SGN & Co. issued qualified opinion on going concern.
• Secretarial audit by BK Gupta & Associates; CIRP context noted.
• Internal audit by Grant Thornton Bharat LLP; risk controls reviewed.

Contingent liabilities and litigations

• Regulatory contingencies from DoT, TRAI and others; several matters ongoing.
• CIRP-related litigations and arbitration; contingent liabilities disclosed.

Outlook and risks

• Regulatory reforms ongoing; cyber security and infrastructure sharing focus.
• Digital demand growth; revival requires capital infusion and strategic support.

Resolution plan submission

• CoC-approved Resolution Plan submitted to NCLT Mumbai Bench-I for final IBC approval.
• Submission date: August 27, 2026; CIRP order dated September 2, 2025.
• Company remains under CIRP; RP filed the Plan with NCLT.