Quadrant Televentures Limited has issued a revised Form-G under the Insolvency and Bankruptcy Code 2016, inviting fresh expressions of interest from prospective resolution applicants. The telecommunication and broadband services provider, operating primarily in Punjab and adjoining areas, has been under Corporate Insolvency Resolution Process since September 2, 2025.

Corporate Insolvency Process Details

The company filed the updated Form-G with BSE Limited on February 1, 2026, following a decision by the Committee of Creditors (CoC) in their meeting held on January 27, 2026. The CoC decided to revise the eligibility criterion and issue a fresh Form-G, though existing eligible Prospective Resolution Applicants (PRAs) can continue without applying afresh.

Financial and Operational Overview

According to the Form-G disclosure, Quadrant Televentures Limited reported revenue of Rs. 273.97 crores in FY 2024-25, based on the last available financial statements. The company's equity shares are listed on BSE with scrip code 511116.

Resolution Process Timeline

The revised Form-G outlines a comprehensive timeline for the resolution process, with key milestones extending through April 2026.

Key Dates for Resolution Process

Company Operations and Contact Details

Quadrant Televentures Limited operates from its corporate office located at B-71, Phase-VII, Industrial Focal Point, Mohali-160055, Punjab, while maintaining its registered office in Aurangabad, Maharashtra. The company provides telecommunication and broadband services under the Connect Broadband brand.

Prospective resolution applicants can obtain detailed information including financial statements, creditor lists, and eligibility criteria through the company's website at www.connectbroadband.in or by contacting the process email at qtl.ibc@gmail.com . The company is not registered as a Micro, Small and Medium Enterprise (MSME).

The resolution professional, Mr. Rajesh Jhunjhunwala, is overseeing the insolvency proceedings and can be contacted at jhunjhunwala.rajesh@gmail.com for process-related queries.

Quadrant Televentures Limited has announced the replacement of its Resolution Professional following an order from the National Company Law Tribunal (NCLT) Mumbai. The company disclosed this development in compliance with Regulation 30 of SEBI Listing Regulations on January 23, 2026.

NCLT Confirms New Resolution Professional Appointment

The NCLT Mumbai bench has officially confirmed the appointment of Mr. Rajesh Jhunjhunwala (IBBI Registration No. IBBI/IPA-003/IP-N00457-C01/2017-2018/11102) as the new Resolution Professional for Quadrant Televentures Limited. He replaces Mr. Atul Kumar Kansal, who voluntarily resigned from the position.

Timeline of Corporate Insolvency Resolution Process

The Corporate Insolvency Resolution Process for Quadrant Televentures Limited began on September 2, 2025, when the NCLT initially appointed Mr. Atul Kumar Kansal as the Interim Resolution Professional. The Committee of Creditors subsequently confirmed his appointment as Resolution Professional during their second meeting held on November 12, 2025.

Committee of Creditors Approval Process

Mr. Atul Kumar Kansal tendered his resignation as Resolution Professional on December 5, 2025, requesting the Committee of Creditors to propose a replacement. In the fourth COC meeting held on December 29, 2025, members discussed and approved Mr. Rajesh Jhunjhunwala's appointment with overwhelming support of 81.44% of the COC members.

Transition of Responsibilities

The NCLT has directed the outgoing Resolution Professional to hand over possession and control of all assets and records of Quadrant Televentures Limited to the incoming Resolution Professional. Upon completion of this handover process, Mr. Atul Kumar Kansal will stand discharged from his duties. The tribunal noted that the outgoing Resolution Professional had no objection to the replacement and had voluntarily retired from the position.

Regulatory Compliance

Quadrant Televentures Limited made this disclosure 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 company operates under the Corporate Identification Number L00000MH1946PLC197474 and is currently under Corporate Insolvency Resolution Process as per the NCLT order dated September 2, 2025.