Quadrant Televentures Limited Appoints Umesh P Srivastava as Chief Financial Officer
Quadrant Televentures Limited has appointed Mr. Umesh P Srivastava as Chief Financial Officer effective April 16, 2026, with approval from the Committee of Creditors. The company remains under Corporate Insolvency Resolution Process since September 2, 2025. Mr. Srivastava, who also holds the position of Company Secretary, brings over 15 years of post-qualification experience in secretarial functions. The appointment complies with SEBI (LODR) Regulations, 2015 and was formally communicated to BSE Limited.
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Quadrant Televentures Limited has announced the appointment of Mr. Umesh P Srivastava as Chief Financial Officer (CFO), marking a significant leadership development as the company continues under Corporate Insolvency Resolution Process (CIRP). The appointment, effective April 16, 2026, was approved by the Committee of Creditors and communicated to BSE Limited in compliance with regulatory requirements.
Corporate Insolvency Context
The company has been operating under Corporate Insolvency Resolution Process since September 2, 2025, with a Resolution Professional managing the functions as mandated under the Insolvency and Bankruptcy Code. During this period, the Resolution Professional has been overseeing corporate governance and operational decisions, including key appointments such as the CFO position.
Appointment Details
The Committee of Creditors approved Mr. Srivastava's appointment in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment notification was formally submitted to the stock exchange with all required documentation.
| Parameter: | Details |
|---|---|
| Name: | Mr. Umesh P Srivastava |
| Position: | Chief Financial Officer |
| Effective Date: | April 16, 2026 |
| Appointment Type: | New Appointment |
| Additional Role: | Company Secretary |
Professional Background
Mr. Umesh P Srivastava brings substantial expertise to his new role as CFO. His professional credentials include:
- Qualification: Company Secretary
- Experience: Over 15 years of post-qualification experience in secretarial functions
- Dual Role: Currently serving as both CFO and Company Secretary of the company
Regulatory Compliance
The appointment follows strict adherence to regulatory frameworks, with the company fulfilling disclosure requirements under SEBI (LODR) Regulations, 2015. The notification included comprehensive details as mandated by SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, ensuring full transparency with stakeholders and regulatory authorities.
The Resolution Professional, Rajesh Jhunjhunwala, with IP Registration Number IBBI/IPA-003/IP-N00457-C01/2017-2018/11102, formally communicated the appointment to BSE Limited, maintaining the company's commitment to regulatory compliance during the insolvency resolution process.
Historical Stock Returns for Quadrant Future Tek
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.59% | +6.40% | +11.40% | -15.67% | -37.86% | -27.50% |
What impact will the new CFO appointment have on Quadrant Televentures' resolution plan timeline and creditor negotiations?
How might Mr. Srivastava's dual role as CFO and Company Secretary affect the company's financial restructuring strategy during CIRP?
Will the appointment of a permanent CFO signal increased investor confidence and potential bidder interest in the resolution process?
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