Quadrant Future Tek Limited has issued a postal ballot notice seeking shareholder approval to withdraw ₹8.57 crores from its IPO monitoring account for reimbursement of issue expenses. The notice, dated January 13, 2026, was dispatched to shareholders whose email addresses are registered with the company or depositories as of the cut-off date of January 9, 2026.

IPO Background and Fund Utilization

The company completed its Initial Public Offering in January 2025, comprising a fresh issue of 1,00,00,000 equity shares of face value ₹10.00 each at a price of ₹290.00 per share. The IPO raised ₹290.00 crores, including issue-related expenses of ₹29.22 crores. After deducting issue expenses, the net proceeds of ₹260.78 crores were allocated for specific business objectives as disclosed in the prospectus.

Proposed Fund Withdrawal

The special resolution seeks approval to withdraw ₹8.57 crores from the monitoring account, representing issue expenses already incurred by the company from its own funds prior to receiving IPO proceeds. These expenses were paid to meet contractual and statutory obligations within the total limit provided in the prospectus dated January 9, 2025.

E-Voting Process and Timeline

The company has engaged Central Depository Services (India) Limited (CDSL) to provide remote e-voting facility to shareholders. The voting process will be conducted entirely through electronic means, with no physical postal ballot forms being dispatched to members.

Regulatory Compliance and Scrutinizer Appointment

The postal ballot is being conducted in compliance with Section 110 of the Companies Act, 2013, and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has appointed M/s Girish Madan & Associates, Practicing Company Secretaries (FCS 5017, CP No. 3577), as scrutinizer for conducting the postal ballot process in a fair and transparent manner.

Management Rationale

The board of directors considers the proposed withdrawal to be in accordance with the objects of the issue as outlined in the prospectus. The management views this action as optimal utilization of IPO proceeds that will generate enhanced shareholder value while maintaining complete regulatory compliance. The withdrawal does not result in any change to the stated objects of the issue.

Shareholders can access the complete postal ballot notice on the company's website at www.quadrantfuturetek.com , as well as on the websites of BSE Limited and National Stock Exchange of India Limited. The resolution will be deemed passed on the last date of e-voting if approved by the requisite majority.

Quadrant Future Tek Limited's Board of Directors has approved a significant financial decision regarding its IPO monitoring account during a meeting held on January 10, 2026. The board approved the withdrawal of ₹8.57 crores from the IPO monitoring account, marking an important step in the company's post-IPO financial management.

IPO Monitoring Account Withdrawal Details

The board's decision, based on the Audit Committee's recommendation, involves withdrawing funds to reimburse IPO-related expenses that the company incurred from its own resources. The following table outlines the key parameters of this withdrawal:

The expenses covered under this reimbursement span from the pre-IPO period in June 2024 through February 2025, which includes the period until the opening of the monitoring account. This withdrawal requires shareholders' approval through a postal ballot process, ensuring transparency and compliance with regulatory requirements.

Postal Ballot Process and Timeline

The board has approved the postal ballot notice to seek shareholders' consent for the proposed withdrawal. The voting process will be conducted exclusively through electronic means via remote e-voting, ensuring accessibility for all eligible shareholders.

The cut-off date for determining shareholder eligibility to vote on the resolution has been set for January 9, 2026. M/s. Girish Madan and Associates, Practicing Company Secretaries, has been appointed as the scrutinizer to ensure fair and transparent conduct of the postal ballot process.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting outcome was communicated to both the National Stock Exchange of India Limited and BSE Limited, where the company's shares are listed under the symbol QUADFUTURE and scrip code 544336, respectively.

The company has indicated that additional disclosures will be made when the postal ballot notice, along with the explanatory statement containing necessary details, is issued. All relevant information will be made available on the company's website at www.quadrantfuturetek.com , ensuring transparency and easy access for shareholders and stakeholders.