Quadrant Future Tek Ltd has secured a major railway equipment contract worth ₹287.83 crores from Chittaranjan Locomotive Works, marking a significant business development that will boost the company's annual revenue by over 100%. The contract involves the supply of 353 onboard Kavach locomotive equipment units, representing a substantial order in the railway infrastructure sector.

Contract Specifications

The comprehensive agreement covers multiple aspects of the equipment supply and maintenance cycle. The contract details demonstrate the scale and significance of this business win:

Revenue Impact and Business Significance

The contract's value of ₹287.83 crores represents a transformational development for Quadrant Future Tek, with the order expected to increase the company's annual revenue by over 100%. This substantial revenue boost highlights the significant scale of the contract relative to the company's existing business operations and demonstrates the potential for substantial growth in the railway equipment sector.

Scope of Work

The contract encompasses a comprehensive range of services beyond just equipment supply. The agreement includes installation of 353 onboard Kavach locomotive equipment units, complete testing and commissioning of all equipment, long-term maintenance services for the installed systems, and technical support throughout the contract duration.

Strategic Significance

This contract represents a notable addition to Quadrant Future Tek's order book, demonstrating the company's capabilities in the railway equipment sector. The involvement with Chittaranjan Locomotive Works, a key player in India's locomotive manufacturing ecosystem, positions the company within the country's railway infrastructure development initiatives. The Kavach system represents an important component of railway safety infrastructure, and this contract establishes Quadrant Future Tek as a supplier in this specialized segment.

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.