Quadrant Televentures Limited has submitted its Unaudited Financial Results for the quarter ended June 30, 2026. The company is currently under Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated September 2, 2025. The results highlight significant accumulated losses and erosion of net worth, with current liabilities exceeding current assets, alongside a default in borrowings. The financial statements are prepared under the assumption of a going concern, aiming for the company’s revival.
Quadrant Televentures Files Unaudited Financial Results for Q1 FY27
Quadrant Televentures Limited has officially filed its Unaudited Financial Results for the first quarter of the financial year 2026-27, ending on June 30, 2026. This filing comes amidst the company’s ongoing Corporate Insolvency Resolution Process (CIRP), which commenced following an order from the National Company Law Tribunal (NCLT) on September 2, 2025. The Resolution Professional is overseeing the company’s affairs as per the Insolvency and Bankruptcy Code.
Financial Performance and Uncertainty
The reported results for the quarter ended June 30, 2026, indicate that the company has incurred continuous losses, leading to a complete erosion of its net worth. As of June 30, 2026, accumulated losses stand at Rs. 2,93,414.19 Lakhs. Furthermore, the company’s current liabilities exceed its current assets, and it has defaulted on its borrowings. These factors, coupled with ongoing litigations, present a material uncertainty regarding the company’s ability to continue as a going concern. However, the financial statements have been prepared on the basis of this going concern assumption, with a view towards revival through the Resolution Plan process.
Key Financials for Q1 FY27
During the quarter, Quadrant Televentures reported a net profit of Rs. 324.80 Lakhs. Total expenses for the quarter amounted to Rs. 4,771.16 Lakhs, while total income was Rs. 5,095.96 Lakhs. The company also noted an exceptional item of Rs. 287.54 Lakhs towards employee benefits. Notably, finance costs of Rs. 2,192.61 Lakhs were not provided for the quarter due to the ongoing CIRP moratorium.
Corporate Insolvency Resolution Process (CIRP) Update
The CIRP is progressing, with various resolution applicants submitting their plans. The Committee of Creditors (CoC) is currently evaluating these plans. The Resolution Professional has taken on record the financial results in good faith. The company’s business activity remains within a single segment: ‘Telecommunications Services’, primarily in the Punjab region.
Source: BSE
