Declaration of Audited Financial Results of the Company for the quarter and year ended March 31, 2026
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Quadrant Televentures Limited reported audited financial results for FY 2026 with total income of Rs 20,043.65 Lakhs, down from Rs 23,769.40 Lakhs in the previous year (approximately 16% revenue decline). The company posted a net loss of Rs 2,330.18 Lakhs for the year. Notably, the company is under Corporate Insolvency Resolution Process (CIRP) since September 2, 2025, following an NCLT order. The statutory auditor M/s SGN & Co. issued a Qualified Opinion citing material uncertainty about the company's ability to continue as a going concern due to complete erosion of net worth (negative equity of Rs 2,86,943.39 Lakhs), current liabilities exceeding current assets, and borrowings default. Additionally, finance cost of Rs 5,849.35 Lakhs was not provided due to the moratorium under CIRP. Resolution plans from 4 prospective resolution applicants are currently under evaluation.
The stock faces extreme risk as the company is in insolvency proceedings with negative net worth exceeding Rs 2.86 lakh crore. Shareholders should be aware that equity may be fully diluted or cancelled under any resolution plan. The qualified audit opinion and going concern doubts indicate high probability of significant value destruction for existing shareholders.