In continuation of our earlier intimation vide letter no. QTL/Sec/2024-25/257, dated February 11, 2025 regarding notice under Section 13 (8) of Securitisation and Reconstruction of the ....
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Quadrant Televentures, which operates under the Connect Broadband brand, has received another notice on August 2, 2025 under Section 13(8) of the SARFAESI Act, 2002 from a lender. The notice gives the company 30 days before the lender can sell the company's secured assets to recover dues. This is the second such notice, following an earlier one dated February 11, 2025. The filing was made under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30). The company has not disclosed the name of the lender or the amount involved.
Repeated SARFAESI notices signal ongoing loan defaults and serious financial stress for the company. If the company does not settle the dues within 30 days, its secured assets could be sold by the lender, which could negatively impact business operations and shareholder value.