CIRP - updated Public Announcement
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Quadrant Televentures, a Punjab-based telecom and broadband operator, is under Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated September 2, 2025. The company has published an updated Form-G inviting Expression of Interest (EOI) from potential resolution applicants. The last EOI submission date has been extended from February 21, 2026 to March 2, 2026, with the final resolution plan submission deadline pushed to May 2, 2026. The company reported revenue of Rs. 273.97 Crores in FY 2024-25 and has around 982 employees on roll plus 240 outsourced. Mr. Rajesh Jhunjhunwala is the Resolution Professional overseeing the process.
The timeline extension suggests the company is still actively seeking buyers/resolution applicants under IBC but needs more time to attract credible suitors. Shareholders face uncertainty as the stock remains under CIRP with no resolution plan approved yet; outcomes will depend on bids received in the extended window.