Quadrant Televentures Limited: Eighth Committee of Creditors Meeting Approves Key CIRP Resolutions

Quadrant Televentures Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP) pursuant to an order of the National Company Law Tribunal (NCLT) dated September 2, 2025, has filed a post-facto intimation with BSE Limited disclosing the outcome of its Eighth Committee of Creditors (CoC) meeting held on April 22, 2026. The disclosure was made under Regulation 30 read with Clause 16(f) & (g) of Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Eighth CoC Meeting: E-Voting Outcome

The e-voting for the Eighth CoC meeting of Quadrant Televentures Limited was conducted and concluded in accordance with Regulation 26 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. All resolutions put to vote were decided by the Committee of Creditors with a voting approval percentage of 66.17%. The following table summarises the resolutions voted upon and their outcomes:

Voting Item No.:	Voting Item	Required (%)	Approved (%)	Decision
6A	Extension of timeline for submission of resolution plans till May 16, 2026	51%	66.17%	Approved
6B	Refund of EOI deposit to one of the prospective resolution applicants	51%	66.17%	Approved
8	Approval of disposal of equity shares by secured lenders	66%	66.17%	Approved
9	Approval of appointment of professional	51%	66.17%	Approved
10	Approval of CIRP cost	51%	66.17%	Approved
11	Ratification for short notice period of minimum 24 hours	51%	66.17%	Approved

Key Highlights of the Resolutions

Among the resolutions approved, the extension of the timeline for submission of resolution plans to May 16, 2026 (Voting Item 6A) is particularly significant as it directly impacts the progress of the insolvency resolution process. Notably, Voting Item 8, concerning the disposal of equity shares by secured lenders, required a higher voting threshold of 66% compared to the standard 51% required for other resolutions, and was approved with 66.17% of votes in favour.

Disclosure and Compliance

The intimation was filed by Umesh P. Srivastava, CFO & Company Secretary of Quadrant Televentures Limited, on May 8, 2026. The company's corporate office is located at B-71, Phase-VII, Industrial Focal Point, Mohali-160055, Punjab, while its registered office is situated at Plot no. 66, CIDCO N2, Near Kamgaar Chowk, behind Synergy Hospital, Chhatrapati Sambhajinagar (earlier Aurangabad), Maharashtra-431003, India. The filing was addressed to the Secretary, BSE Limited, Operations Department, Mumbai, as part of the company's ongoing regulatory disclosure obligations during the CIRP.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.14%	+1.75%	+3.95%	+3.14%	-30.20%	-29.09%

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.