In continuation of our earlier intimation vide letter no. QTL/Sec/2025-26/283, dated August 3, 2025 regarding notice received by the Company under Section 13(8) of the SARFAESI Act 2002, ....
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Quadrant Televentures has informed BSE that it received a fresh notice on August 6, 2025 from its Debenture Trustee, IDBI Trusteeship Services Limited, under Section 13(4) of the SARFAESI Act 2002. This is a continuation of an earlier intimation dated August 3, 2025 related to a Section 13(8) notice. The Trustee has noted that symbolic possession of the company's properties in Jalandhar and Mohali was already taken in January 2025 and has now demanded payment of the outstanding amount within 30 days. The company is being given 30 days to settle the dues, failing which the lender can proceed with further recovery actions.
This signals significant financial distress for the company, as lenders have already taken symbolic possession of key properties and are now formally demanding repayment. Shareholders should expect heightened credit risk and possible further erosion in stock value, with the 30-day window being a critical period for resolution.