Quadrant televentures Limited has notified BSE Limited about the upcoming sixth meeting of its Committee of Creditors, scheduled to take place on Monday, February 23, 2026. The announcement comes as part of the company's ongoing Corporate Insolvency Resolution Process (CIRP).

Corporate Insolvency Resolution Process Details

The company entered the Corporate Insolvency Resolution Process following an order passed by the National Company Law Tribunal under Section 7 of the Insolvency and Bankruptcy Code, 2016. The NCLT admitted Quadrant Televentures Limited to CIRP on September 2, 2025.

Regulatory Compliance

The intimation was filed under Regulation 30 read with Clause 16(g) of Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. The disclosure was signed by Umesh Prasad Srivastava, Company Secretary, on February 20, 2026.

Company Information

Quadrant Televentures Limited operates under the Connect Broadband brand and is incorporated with Corporate Identification Number L00000MH1946PLC197474. The company's corporate office is located at B-71, Phase-VII, Industrial Focal Point, Mohali-160055, Punjab, while its registered office is situated in Aurangabad, Maharashtra.

The notification serves as formal communication to stakeholders about the continuation of the insolvency resolution process and the scheduled creditors' meeting as part of the ongoing proceedings under the Insolvency and Bankruptcy Code framework.

Quadrant televentures Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2025, showing a remarkable turnaround to profitability despite ongoing Corporate Insolvency Resolution Process (CIRP). The telecommunications services provider reported its first quarterly profit since entering insolvency proceedings in September 2025.

Financial Performance Overview

The company's financial metrics for the quarter ended December 31, 2025, demonstrate significant improvement in operational performance:

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Quadrant Televentures reported revenue from operations of ₹15,829.14 lakh, down from ₹18,024.25 lakh in the corresponding period of the previous year. The net loss for the nine months stood at ₹2,880.28 lakh compared to ₹22,740.54 lakh in the same period last year.

Corporate Insolvency Resolution Process Updates

The company continues under CIRP following the NCLT Mumbai order dated September 2, 2025. Key developments in the insolvency process include:

The Resolution Professional has published Form G on December 31, 2025, and republished on January 31, 2026, inviting Expressions of Interest (EOI) from prospective resolution applicants. Mr. Rajesh Jhunjhunwala replaced Mr. Atul Kumar Kansal, who resigned due to personal exigencies.

Regulatory Compliance and Audit Process

The financial results were taken on record by the Resolution Professional on February 14, 2026, with the process commencing at 7:30 PM and concluding at 8:20 PM. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by statutory auditors M/s. SGN & Co., Chartered Accountants, New Delhi, under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Expense Structure and Cost Management

The company's total expenses for Q3FY26 amounted to ₹4,693.46 lakh, significantly lower than ₹6,920.96 lakh in the previous quarter. Major expense categories included:

• Employee Benefits Expense: ₹1,167.85 lakh vs ₹1,173.10 lakh (Q2FY26)
• Finance Costs: ₹315.90 lakh vs ₹2,033.68 lakh (Q2FY26)
• Network Operating Expenditure: ₹1,510.91 lakh vs ₹1,619.26 lakh (Q2FY26)
• Sales and Marketing Expenses: ₹1,174.73 lakh vs ₹1,209.71 lakh (Q2FY26)

Financial Position and Moratorium Impact

Due to the moratorium under Section 14 of the Insolvency and Bankruptcy Code, the company has not provided finance costs totaling ₹1,746.52 lakh for the quarter and ₹2,297.19 lakh for the nine months ended December 31, 2025. Additionally, interest on unsecured loans amounting to ₹456.23 lakh for the quarter and ₹1,368.69 lakh for nine months has not been provided in the books of account.

Exceptional Items and Labour Code Impact

The company recognized an exceptional item of ₹287.54 lakh during the quarter related to employee benefits under the new Labour Codes. This impact is driven by regulatory changes in Social Security Code 2020, Occupational Safety Health & Working Conditions Code 2020, and Industrial Relations Code 2020.

Business Operations and Outlook

Quadrant Televentures operates in the telecommunications services sector, providing unified telephony services primarily in the Punjab telecom circle, including Punjab, Chandigarh, and Panchkula. The company continues operations as a going concern during the CIRP period, with the Resolution Professional managing affairs in consultation with the Committee of Creditors. The financial results have been prepared on a going concern basis with a view to company revival through the resolution plan process.