Quadrant Televentures Limited (QTL), a company currently under Corporate Insolvency Resolution Process (CIRP), has announced the impending departure of its Chief Financial Officer (CFO), Anuj Ohri. The resignation, set to take effect on October 5, 2025, comes at a crucial time for the telecom company.

Resignation Details

According to the company's filing with the Bombay Stock Exchange (BSE), Anuj Ohri submitted his resignation letter on September 6, 2025, citing personal reasons for his decision to leave the organization. In his communication, Ohri requested to be relieved of his duties by October 3, 2025. However, the company has confirmed that his notice period will conclude on October 5, 2025.

Company's Statement

Quadrant Televentures, in its regulatory filing, emphasized that there are no material reasons for Ohri's resignation beyond those mentioned in his letter. The company, adhering to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has provided the necessary details to the stock exchange.

Corporate Insolvency Context

It's worth noting that Quadrant Televentures is currently navigating through a Corporate Insolvency Resolution Process. This process was initiated following an order from the National Company Law Tribunal (NCLT) dated September 2, 2025, just days before Ohri's resignation letter was submitted.

Company Background

Quadrant Televentures Limited, with its corporate office in Mohali, Punjab, operates in the telecommunications sector. The company, listed on the BSE with the scrip code 511116, has been facing financial challenges that led to the CIRP.

As the company grapples with its insolvency proceedings, the departure of its CFO adds another layer of complexity to its current situation. Stakeholders will be keenly watching how Quadrant Televentures manages this transition in its financial leadership while simultaneously addressing its broader financial restructuring efforts.

Quadrant Televentures Limited, a company currently undergoing Corporate Insolvency Resolution Process (CIRP), has announced the postponement of its first Committee of Creditors meeting. The meeting, originally scheduled for October 1, has been deferred at the request of members holding majority voting rights.

Background of Insolvency Proceedings

The National Company Law Tribunal (NCLT), Mumbai Bench, admitted Quadrant Televentures to the Corporate Insolvency Resolution Process on September 2. This decision came in response to a petition filed by IDBI Trusteeship Services Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016.

Appointment of Interim Resolution Professional

As part of the insolvency proceedings, the NCLT appointed Mr. Atul Kumar Kansal (IP Registration No. IBBI/IPA-001/IP-P00035/2016-2017/10088) as the Interim Resolution Professional for Quadrant Televentures. Following this appointment, the powers of the company's board of directors have been suspended, with the Interim Resolution Professional now exercising these powers in accordance with Section 25 of the Insolvency and Bankruptcy Code.

Postponement Details

The company issued a formal intimation to the BSE Limited regarding the postponement of the Committee of Creditors meeting. The notification, dated October 1, stated that the new meeting date would be communicated in due course.

Implications and Next Steps

The postponement of the first Committee of Creditors meeting is a significant development in Quadrant Televentures' insolvency process. This committee plays a crucial role in the CIRP, making important decisions regarding the company's future, including the consideration of potential resolution plans.

Stakeholders and investors will be keenly awaiting the announcement of the rescheduled meeting date, as it will be a critical step in determining the path forward for Quadrant Televentures Limited under the insolvency resolution process.

The company has assured that it will provide timely updates on the new meeting date, maintaining transparency with its stakeholders during this crucial period of corporate restructuring.