Quadrant Future Tek Limited has announced a major contract win worth ₹287.82 crores from Chittaranjan Locomotive Works (CLW) for railway safety equipment supply. The contract, received on January 14, 2026, involves the supply, installation, testing and commissioning of onboard KAVACH locomotive equipment along with comprehensive maintenance services.

Contract Details and Scope

The comprehensive contract encompasses the delivery of 353 units of onboard KAVACH Loco Equipment Ver-4.0, representing a significant order in the railway safety technology sector. The agreement includes not only the supply and installation of equipment but also extends to testing, commissioning, warranty provisions, and long-term annual maintenance services.

KAVACH Technology Implementation

The KAVACH system represents advanced railway safety technology designed to prevent train collisions and enhance operational safety. This Version 4.0 equipment will be installed across multiple locomotive units, contributing to the modernization of India's railway safety infrastructure. The contract covers the complete lifecycle from initial supply through long-term maintenance, ensuring sustained operational efficiency.

Regulatory Compliance and Transparency

The contract announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this transaction is conducted on an arm's length basis, with no related party interests involved. The promoters, promoter group, and group companies have no interest in Chittaranjan Locomotive Works, ensuring complete independence in the business relationship.

Financial and Operational Impact

The ₹287.82 crore contract represents a substantial addition to Quadrant Future Tek Limited's order book. With a 12-month execution timeline, the contract provides revenue visibility and strengthens the company's position in the railway equipment sector. The inclusion of long-term annual maintenance services also ensures recurring revenue streams beyond the initial equipment supply and installation phase.

Company Background

Quadrant Future Tek Limited, formerly known as Quadrant Cables Pvt. Ltd., operates from its facilities in Punjab with corporate offices in Mohali. The company has established itself in the technology and equipment supply sector, with this KAVACH contract marking a significant milestone in its railway safety equipment portfolio. The successful contract award demonstrates the company's technical capabilities and competitive positioning in the specialized railway safety technology market.

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.