Quadrant Future Tek Limited has informed the Exchange regarding Outcome of Board Meeting held on January 10, 2026.
QUADFUTURE · price
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The Board of Directors of Quadrant Future Tek Limited, at its meeting held on January 10, 2026, approved the withdrawal of ₹8.57 Crores from the IPO Monitoring Account. This amount is meant to reimburse the company for IPO-related expenses it had already paid from its own funds between June 2024 (Pre-IPO period) and February 2025 (until the monitoring account was opened). The Board also approved a Postal Ballot Notice to seek shareholders' consent for this withdrawal through remote e-voting. The cut-off date for shareholder eligibility is January 9, 2026. M/s. Girish Madan and Associates has been appointed as the Scrutinizer for the postal ballot process.
This is a routine reimbursement of IPO expenses already incurred by the company, requiring shareholder approval via postal ballot. The amount is relatively small and the move simply recoups funds already spent on the IPO, so it is unlikely to materially affect the stock price or operations.