Declaration of un-audited Financial Results of the Company for the quarter and nine months ended December 31, 2025
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Quadrant Televentures Limited, a Punjab-based telecom broadband company operating under Connect Broadband brand, reported un-audited results while under Corporate Insolvency Resolution Process (CIRP) since September 2, 2025. Revenue from operations fell to Rs. 5,141.16 lakhs in Q3 FY26 (from Rs. 5,830.47 lakhs in Q3 FY25) and Rs. 15,829.14 lakhs for nine months (from Rs. 18,024.25 lakhs). The company posted a net loss of Rs. 2,880.28 lakhs for nine months FY26, though losses narrowed significantly from Rs. 22,740.54 lakhs in the prior-year period, boosted by a Rs. 287.54 lakhs exceptional gain from Labour Codes implementation. Auditors flagged material uncertainty on going concern, with current liabilities exceeding assets and ongoing loan defaults. Notably, Rs. 2,297.19 lakhs of finance cost and Rs. 1,368.69 lakhs of interest were not booked, citing moratorium under IBC. A new Resolution Professional, Rajesh Jhunjhunwala, was appointed in January 2026, and Form G invitations for resolution applicants have been re-issued.
The stock remains a high-risk bet heavily dependent on the outcome of the ongoing CIRP and any potential resolution plan. Despite narrowed losses, the auditor's going concern warning, massive negative other equity of approximately Rs. 2,908 crore, and substantial unprovided liabilities make this a deeply distressed situation for shareholders.