Appointment of RP
Price
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Quadrant Televentures, which is already under the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated September 2, 2025, has informed the stock exchange that the Committee of Creditors (CoC) has ratified the appointment of Mr. Atul Kumar Kansal as the Resolution Professional (RP). The ratification was done in the 2nd CoC meeting held on November 12, 2025, with e-voting concluding on November 28, 2025. Mr. Kansal, who was previously serving as the Interim Resolution Professional (IRP), will now continue as the RP with requisite majority approval. The filing is made under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30).
Shareholders should note that the company remains under insolvency proceedings, and management control continues to rest with the Resolution Professional rather than the existing board. This is a routine procedural update within the ongoing CIRP and does not signal resolution or revival, but confirms that the insolvency process is actively progressing.