Outcome of the Board Meeting dated Tuesday, July 29, 2025
QUADFUTURE · price
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On the reaction day the stock moved 6.8 pts less than Nifty Microcap 250 and 5.9 pts less than its Cables - Electricals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Quadrant Future Tek's board approved its Q1 FY26 (quarter ended June 30, 2025) standalone unaudited results. Revenue from operations rose to ₹287.33 million from ₹255.11 million in Q1 FY25, a growth of roughly 13%. However, the net loss widened sharply to ₹134.97 million versus a loss of ₹92.64 million in the same quarter last year, as total expenses jumped to ₹445.29 million (vs ₹347.67 million) on higher raw material and other costs. The company's two segments — Specialty Cables and Train Collision Avoidance System — were both loss-making, with the TCS division reporting a segment loss of ₹131.68 million. The company still holds about ₹1,216 million of unutilised IPO proceeds. The board also announced a near-complete leadership overhaul: Abhigyan Kotnala was appointed CEO, Amit Gaur as CFO, and Puneet Khurana as Company Secretary, replacing outgoing CFO Amit Kumar Jain and CS Pankaj. The 10th AGM is set for September 25, 2025.
Despite top-line growth, widening losses and persistent margin pressure in both business segments are negatives for shareholders. Investors should watch whether the new leadership team can turn around profitability and deploy the remaining IPO funds productively. The simultaneous CFO and CS exits within the same day may raise short-term governance concerns.