Quadrant Televentures Limited Discloses ₹159.85 Crore Default on Preference Shares

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.

Parameter:	Details
Default Amount:	₹159.85 crore
Date of Default:	April 1, 2026
Number of Affected Investors:	5
ISIN:	INE527B04024

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.

Financial Metric:	Amount (₹ Crore)
Current Default Amount:	159.85
Total Amount Issued (CRPS):	159.85
Total Financial Indebtedness:	2088.66

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.12%	-1.65%	-2.35%	-29.98%	-46.01%	-35.48%

Quadrant Televentures Limited has formally notified BSE Limited about the rescheduling of its seventh Committee of Creditors meeting from March 20, 2026 to March 23, 2026. The company, which operates under the Connect Broadband brand, has been navigating the Corporate Insolvency Resolution Process since September 2, 2025.

Meeting Rescheduling Details

The telecommunications company issued a fresh intimation on March 20, 2026, informing the stock exchange about the change in meeting schedule. The rescheduling was made pursuant to a request received from a member of the Committee of Creditors. The meeting, originally planned for Friday, March 20, 2026, will now be held on Monday, March 23, 2026.

Meeting Details:	Original Schedule	Revised Schedule
Meeting Type:	Seventh Committee of Creditors Meeting	Seventh Committee of Creditors Meeting
Original Date:	March 20, 2026 (Friday)	March 23, 2026 (Monday)
CIRP Start Date:	September 2, 2025	September 2, 2025
Scrip Code:	511116	511116

Corporate Insolvency Proceedings

The telecommunications company entered CIRP following an order passed by the National Company Law Tribunal under Section 7 of the Insolvency and Bankruptcy Code, 2016. The NCLT admitted Quadrant Televentures Limited to the insolvency resolution process on September 2, 2025. During the CIRP period, the Committee of Creditors plays a crucial role in determining the company's future course of action and potential resolution strategies.

Regulatory Compliance

The rescheduling intimation was filed in compliance with Regulation 30 read with Clause 16(g) of Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. Company Secretary Umesh Prasad Srivastava digitally signed the disclosure document on March 20, 2026, at 12:01:53 +05'30', referencing the earlier intimation dated March 18, 2026.

Company Profile

Quadrant Televentures Limited operates with Corporate Identification Number L00000MH1946PLC197474 and maintains its corporate office at B-71, Phase-VII, Industrial Focal Point, Mohali-160055, Punjab. The company's registered office is located at Plot no. 66, CIDCO N2, Near Kamgaar Chowk, behind Synergy Hospital, Chhatrapati Sambhajinagar (earlier Aurangabad), Maharashtra-431001.

The company operates under the Connect Broadband brand, providing telecommunications and broadband services. The rescheduling demonstrates the ongoing procedural requirements and stakeholder coordination necessary during the Corporate Insolvency Resolution Process.