Quadrant Televentures' Creditors Approve Key Resolutions in Ongoing Insolvency Process

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-100.00%	0.0%	-5.00%	+8.57%	-78.16%	+100.00%

Quadrant Televentures Limited , a company currently under Corporate Insolvency Resolution Process (CIRP), has announced a postponement in the declaration of its unaudited financial results for the quarter and half year ended September 30. The company cited unavoidable circumstances for this delay.

Postponement Details

Original Date	New Date
November 12	November 14

Key Points

Quadrant Televentures has been under CIRP since September 2.
An Interim Resolution Professional is managing the company's operations under the Insolvency and Bankruptcy Code.
The trading window for the company's securities remains closed, as previously communicated on September 27.

Corporate Governance

The company has adhered to proper disclosure norms by informing the BSE Limited about the postponement. This information has also been made available on the company's website ( www.connectbroadband.in ) under the Investor Relations section.

Implications

While the delay in financial results declaration is notable, it's important to understand that companies under CIRP often face operational challenges. Investors and stakeholders should keep a close watch on further announcements from the company and the progress of the insolvency resolution process.

The postponement of financial results, while not uncommon for companies under CIRP, may create short-term uncertainty for stakeholders. However, it also demonstrates the company's commitment to regulatory compliance even under challenging circumstances.