Quadrant Future Tek has issued a revised disclosure for its unaudited financial results for the quarter ended June 30, 2026, correcting typographical errors in the segment reporting section. In a communication dated August 13, 2026, the company informed the National Stock Exchange of India Ltd and BSE Limited that the revisions were limited to clerical and formatting corrections regarding segment assets and segment liabilities.

The Board of Directors originally approved the unaudited financial results on August 11, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors M/s. Sanmarks & Associates, Chartered Accountants. The company explicitly confirmed that the recent revisions do not have any material impact on previously disclosed key financial parameters, including revenue from operations, profit/loss, earnings per share (EPS), or other key metrics, except for the specific adjustments in the segment reporting table.

Revised Segment Reporting Data

The corrected segment reporting data provides updated figures for non-current assets and liabilities for both the Cable Division and the Train Control Systems (TCS) Division. While the operational performance divergence between the two segments remains unchanged, with the Cable Division driving top-line growth and the TCS Division incurring losses, the balance sheet allocations within these segments have been adjusted.

The Specialty Cable Division reported revenue of ₹405.88 million, up significantly from ₹287.33 million in the corresponding quarter last year. This segment contributed positively to the bottom line with a profit before exceptional items of ₹28.69 million. The division’s operating profit before interest, tax, and depreciation (EBITDA) stood at ₹40.57 million. Management attributes this growth to sustained demand from railways and other safety-critical applications.

In contrast, the Train Control Systems (TCS) Division remained a major drag on profitability. The TCS segment reported no revenue but incurred a substantial loss before exceptional items of ₹101.78 million. High fixed costs and depreciation associated with this division, totaling ₹25.87 million in depreciation alone, continue to weigh heavily on consolidated results. The TCS segment’s loss consumed all operating profits from the cable business, resulting in an overall pre-tax loss of ₹73.09 million.

KAVACH Progress and Order Book

The Train Control and Signalling segment is making steady progress toward KAVACH 4.0 certification. Following approval from the Research Designs and Standards Organisation (RDSO) to commence passenger trials, the company’s onboard system is currently undergoing live field validation on a dedicated train and route allocated by Indian Railways. This represents the final regulatory milestone before full-scale commercial deployment.

Management highlighted a robust total order book of ₹8,457 million, supported by mandates from Chittaranjan Locomotive Works (CLW), Integral Coach Factory (ICF), Banaras Locomotive Works (BLW), and Patiala Locomotive Works (PLW). Additionally, the company is executing a trackside deployment project in partnership with RailTel. These engagements provide strong revenue visibility for FY27 as certification milestones are achieved.

Contingent Liabilities and IPO Utilisation

The company faces a pending demand notice from Kutch Copper Ltd for ₹5.52 crore regarding mark-to-market charges on copper purchases, which remains under settlement and poses an additional contingent liability risk. Regarding capital allocation, the company disclosed the utilization of its Initial Public Offer proceeds. Of the ₹2,900 million raised, ₹2,672.79 million has been utilized as of the latest update. A significant portion of ₹227.21 million remains unutilized, earmarked primarily for capital expenditure related to the Electronic Interlocking System development within the TCS division. The balance sheet was further strengthened by approximately ₹1,305 million secured from marquee investors during the IPO.

Corporate Actions and Governance

The company announced that its 11th Annual General Meeting (AGM) will be held on September 25, 2026, via Video Conferencing or Other Audio-Visual Means. Shareholders are required to note the cut-off date of September 18, 2026, for determining eligibility for remote e-voting. The remote e-voting process will commence on September 22, 2026, and conclude on September 24, 2026. M/s. Girish Madan and Associates has been appointed as the scrutinizer for the voting process.

Quadrant Future Tek Ltd has confirmed that its promoters, promoter group, and persons acting in concert (PAC) did not create any encumbrance on their shares during the financial year ended March 31, 2026. This disclosure ensures that the shareholding structure remains free from pledged assets, providing stability to the company's equity base. The declaration was submitted to the National Stock Exchange of India Ltd and BSE Limited on April 03, 2026.

The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Mohit Vohra, Promoter and Managing Director, authorized the submission on behalf of the co-promoters and the promoter group. The declaration explicitly states that no shares were encumbered directly or indirectly by the specified entities throughout the financial year.

Promoter and Group Details

The disclosure provides a comprehensive list of individuals and entities falling under the promoter and promoter group categories. The list excludes PAN details but categorizes each member to clarify their relationship with the company.

Promoters

Promoter Group Entities

The promoter group comprises a wider network of 57 additional members, including individuals and corporate entities. Key corporate entities listed include MV Mobility Limited, MV Electrosystems Limited, Iboard India Private Limited, and MV Greentech Private Limited. Other entities such as Prime Electronics, Property 24x7, and Four Square Buildcon are also classified under the promoter group category.