Quadrant Televentures CoC Ratifies Resolution Professional Appointment Post EOI Approval

Quadrant Televentures Limited, which is currently undergoing Corporate Insolvency Resolution Process (CIRP), has announced significant developments from its Committee of Creditors (CoC) proceedings. The company informed BSE Limited through communications dated December 10, 2025, regarding the outcomes of the e-voting process that concluded on November 28, 2025.

Key Resolution Approvals

The CoC approved several critical resolutions with substantial voting support during the second meeting held on November 12, 2025. The following table summarizes the key approved resolutions:

Resolution Item:	Voting Required	Voting Approved	Status
EOI for Resolution Applicants	51%	95.51%	Approved
Going Concern Costs Ratification	51%	90.77%	Approved
Resolution Professional Appointment	66%	81.66%	Approved

The primary resolution focused on discussing and deciding the issuance of Invitation for Expression of Interest (EOI) for identifying prospective resolution applicants for Quadrant Televentures Limited. This resolution also covered criteria for identifying prospective resolution applicants and strategy for marketing the assets of the corporate debtor.

Resolution Professional Ratification

In the latest development, the CoC has ratified the appointment of Mr. Atul Kumar Kansal, who was serving as Interim Resolution Professional (IRP), as the Resolution Professional (RP) with requisite majority. The ratification details are presented below:

Position Details:	Information
Appointee Name:	Mr. Atul Kumar Kansal
Previous Role:	Interim Resolution Professional (IRP)
New Designation:	Resolution Professional (RP)
Approval Status:	Ratified with requisite majority

Financial and Operational Matters

The CoC ratified going concern costs incurred from September 26, 2025, to October 31, 2025, receiving 90.77% approval against the required 51% threshold. The committee also approved various operational matters with strong voting support, demonstrating creditor confidence in the resolution process.

Deferred Agenda Items

Certain agenda items were deferred to the next CoC meeting following detailed discussions. These include:

Appointment of transaction auditor
Determination of preferential, undervalued, extortionate, and fraudulent transactions under Sections 43, 45, and 50 of the Insolvency and Bankruptcy Code, 2016
Ratification of costs related to registered matters

Corporate Insolvency Process Details

Quadrant Televentures Limited entered the Corporate Insolvency Resolution Process following an NCLT order dated September 2, 2025. The company operates with its corporate office located in Mohali, Punjab, and registered office in Aurangabad, Maharashtra. The disclosure was made under Regulation 30 read with Clause 16(f) of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The strong voting support for key resolutions, particularly the 95.51% approval for the EOI resolution and subsequent ratification of the Resolution Professional appointment, indicates substantial creditor confidence in the proposed resolution process strategy for the company's revival.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.78%	-5.41%	-12.50%	-12.50%	-81.87%	+75.00%

Quadrant Televentures Limited , currently undergoing Corporate Insolvency Resolution Process (CIRP), has seen significant developments in its restructuring efforts. The Committee of Creditors (CoC) has approved several crucial resolutions through e-voting, marking important steps in the company's insolvency proceedings.

Key Approvals

The e-voting, which concluded on October 31, 2025, saw the CoC approving multiple resolutions with varying levels of support:

Resolution	Description	Approval Percentage
IRP Fee Ratification	Ratification of fees payable to Atul Kumar Kansal, Interim Resolution Professional	67.59
IRP Expense Reimbursement	Ratification of expenses to be reimbursed to the IRP	81.44
Going Concern Costs	Ratification of costs incurred from September 2 to September 25, 2025	81.44
Operational Authorizations	Authorizing the Resolution Professional to delegate authority for various administrative and execution tasks	81.44
Bank Account Operations	Authorizing the Resolution Professional to operate existing bank accounts for operational and process-related expenses	81.44

Notable Outcomes

The appointment of a Resolution Professional, which required a 66% approval, was not approved, receiving only 4.74% of the votes.
The CoC approved reducing the notice period for calling Committee of Creditors meetings, potentially expediting future decision-making processes.
Decisions on reviewing security arrangements for the company's assets and appointing a CFO were deferred after detailed discussions.

Ongoing Process

The insolvency process for Quadrant Televentures Limited began following an NCLT order dated September 2, 2025. The company has been holding regular CoC meetings, with the second meeting convened on November 12, 2025.

These developments indicate that the insolvency resolution process for Quadrant Televentures is progressing, with creditors actively participating in key decisions. The approvals granted, particularly those related to operational continuity and financial management, suggest a focus on maintaining the company as a going concern while the resolution process unfolds.

Stakeholders and market observers will likely keep a close watch on further developments in this insolvency case, as it may have implications for the telecom sector and creditors involved.