The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 21, 2025 for Quadrant Enterprises Pvt Ltd
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Promoter Quadrant Enterprises Private Limited has informed the exchanges about the invocation of a pledge on 5,20,85,387 equity shares (8.51% of total share capital) of Quadrant Televentures Limited on April 7, 2025. The invocation was done by IDBI Trusteeship Services Limited acting on behalf of a consortium of five lenders: IDBI Bank, LIC, Punjab National Bank, Kotak Mahindra Bank, and State Bank of India. The shares were originally pledged as collateral for a loan taken by the promoter entity. Post-invocation, the promoter's encumbered holding has come down to NIL, meaning lenders have taken full control of these pledged shares.
This is a negative signal for shareholders — the promoter defaulted on loan obligations, causing lenders to take over 8.51% of the company's shares. This weakens promoter control, raises concerns about further financial stress at the promoter level, and could lead to forced selling or a change in ownership if lenders offload these shares in the market.