Quadrant Future Tek Limited has informed the Exchange about orders passed by Regional Director, Northern Region on appeal filed by the Company
QUADFUTURE · price
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Quadrant Future Tek has disclosed the outcome of its appeal before the Regional Director (Northern Region), Ministry of Corporate Affairs, against a 2024 ROC penalty order. The case relates to a procedural lapse in FY 2016-17 private placement to promoters, where a separate bank account for share application money was not opened as required under Section 42 of the Companies Act. In its order dated 30 January 2026, the RD set aside the Section 42(10) penalty (partial win for the company) but upheld the Section 42(6) penalty. The upheld penalty aggregates to Rs. 30 lakhs on the company and Rs. 6 lakhs on each promoter, subject to final confirmation from the ROC. The company has stated there is no material impact on operations.
A modest, one-time financial impact of around Rs. 30 lakhs on the company plus per-promoter penalties, with no operational disruption. Partial relief on appeal should limit any negative market reaction.