Replacement of Resolution Professional

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Price reactionminutes from the announcement price · days from the prior close

-3.2%Reaction day

₹0.31

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-3.4% vs market

Telecom - Cellular & Fixed line services peers, median of 6sector+0.2%-3.4% vs sector

On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 3.4 pts less than its Telecom - Cellular & Fixed line services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Telecom - Cellular & Fixed line services peers, median of 6Pending

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AI summary

Quadrant Televentures, which is under the Corporate Insolvency Resolution Process (CIRP) since September 2, 2025, has got a new Resolution Professional (RP) appointed. The previous RP, Mr. Atul Kumar Kansal, resigned on December 5, 2025. The Committee of Creditors (CoC) then approved the appointment of Mr. Rajesh Jhunjhunwala as the new RP with 81.44% voting in favor. The NCLT Mumbai bench confirmed this appointment on January 12, 2026. The outgoing RP has been directed to hand over all assets and records to the incoming RP.

Likely market impact

This is a procedural change in the ongoing insolvency process and does not change the company's existing CIRP status. Shareholders remain in a wait-and-watch position as the company continues to work toward a resolution plan under the new RP.