Quadrant Future Tek Limited has announced the resignation of a senior management personnel in compliance with regulatory disclosure requirements. The company informed stock exchanges about the departure of Mr. Suresh Kumar Bopparaju from his position as Advisor - Train control system Division.

Resignation Details

The resignation disclosure reveals key information about the management change:

Mr. Bopparaju submitted his resignation through email communication received by the company on April 1, 2026, stating that his resignation would be effective from March 31, 2026. The management has accepted his resignation, and he ceased to be Senior Management Personnel from the close of business hours on March 31, 2026.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Communication Records

The resignation communication shows Mr. Bopparaju's request for relief from services, with his final email confirming March 31, 2026 as his last working day. His designation in the email signature indicated his role as Director - Systems Engineering at Quadrant Future Tek Limited.

Company Information

Quadrant Future Tek Limited operates from its registered office in Village Basma, Punjab, and corporate office in Mohali, Punjab. The company secretary and compliance officer, Puneet Khurana, signed the regulatory disclosure document. The information has been made available on the company's website at www.quadrantfuturetek.com as per standard disclosure practices.

Quadrant Televentures Limited has formally disclosed significant defaults on its preference shares to BSE Limited, highlighting the financial distress faced by the telecommunications company currently undergoing Corporate Insolvency Resolution Process (CIRP).

Default Details and Financial Impact

The company reported defaults totaling ₹159.85 crore on its preference shares as of April 1, 2026. The disclosure, made pursuant to SEBI Circular SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21, 2019, affects 5 investors holding the company's debt securities.

Preference Shares Structure

The defaults relate to the company's 2% Non Convertible Cumulative Fully Redeemable Preference Shares (NCRPS). The instrument consists of 15,984,543 shares at ₹100 each, with a tenure of 15 years. These shares were scheduled to be redeemed equally from April 2021 to March 2025.

Corporate Insolvency Status

Quadrant Televentures Limited has been operating under Corporate Insolvency Resolution Process since the NCLT order dated September 2, 2025. The company's total financial indebtedness stands at ₹2088.66 crore as of March 31, 2026 (unaudited), indicating the scale of financial challenges facing the organization.

Regulatory Compliance

The disclosure was submitted to BSE Limited by Company Secretary Umesh P Srivastava on April 1, 2026, ensuring compliance with SEBI regulations regarding defaults on debt securities. The company operates under Corporate Identification Number L00000MH1946PLC197474 and maintains its registered office in Chhatrapati Sambhajinagar, Maharashtra.

The formal disclosure underscores the ongoing financial restructuring challenges faced by the company as it navigates the insolvency resolution process while managing obligations to preference shareholders and other creditors.