CIRP - updated - Public Announcement
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Quadrant Televentures Limited, which is under Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated September 2, 2025, has published an updated Form-G inviting Expression of Interest from potential resolution applicants. The company operates in telecom and broadband services in Punjab and adjoining areas, reported revenue of Rs. 273.97 Crores in FY 2024-25, and has around 982 on-roll employees plus 240 outsourced workers. Key deadlines have been extended: the last date for EOI submission is now February 21, 2026 (previously February 15), the final list of resolution applicants will be issued on March 18, 2026, and the last date for submitting resolution plans is April 23, 2026.
The timeline extensions suggest the resolution process is still in progress with the company actively seeking buyers or investors. Existing shareholders remain at significant risk as they typically have little to no recovery in a CIRP scenario unless they receive value from the resolution plan. The stock may continue to trade with high uncertainty until a resolution plan is approved.