Quadrant Televentures CIRP: CoC clears 4 steps in 2026

Share price snapshot: ₹0.4 on July 9, 2026

Quadrant Televentures’ share price was ₹0.4 as of July 9, 2026. The stock opened at ₹0.4 and had also closed at ₹0.4 in the previous session. The unchanged price action comes as the company continues to move through a court-supervised insolvency process.

For investors tracking distressed listed companies, the stock quote often reflects uncertainty around timelines and outcomes. In Quadrant Televentures’ case, the key developments are procedural but important, because they influence how quickly the resolution process can progress.

What the lenders approved in the 11th CoC meeting

Quadrant Televentures Limited’s Committee of Creditors (CoC) approved four resolutions in its Eleventh meeting. Each of the four items passed with an 81.83% vote, above the required thresholds cited for similar CoC voting items in prior meetings.

The four approvals covered:

• Ratification of the bid challenge process
• Ratification of Corporate Insolvency Resolution Process (CIRP) costs
• Appointment of a cost auditor
• Extension for submission of resolution plans

The company’s filings and updates indicate strong creditor consensus on these steps. The extension for resolution plan submission, in particular, signals that the process to identify and finalise a viable revival plan is still underway.

Why the 81.83% voting margin matters

The 81.83% approval level indicates that lenders are aligned on how the process should be run and what procedural milestones need to be completed. In CIRP situations, delays and disputes often arise around costs, professional appointments, and process design.

Here, the CoC’s backing covers both governance items (such as the cost auditor appointment) and process items (such as bid challenge process ratification). Together, these approvals reduce the risk of avoidable procedural bottlenecks while the CoC evaluates competing plans.

CIRP background: NCLT admitted the case on September 2, 2025

Quadrant Televentures is undergoing the Corporate Insolvency Resolution Process following an NCLT order dated September 2, 2025. Since then, the company has moved through multiple stages typical for CIRP, including inviting expressions of interest (EOI), assessing applicants, and seeking time extensions from the tribunal.

The updates also show changes in the professional team managing the process. NCLT Mumbai confirmed the appointment of Rajesh Jhunjhunwala as the Resolution Professional, replacing Atul Kumar Kansal who resigned voluntarily. Separately, the CoC approved the appointment of Rajesh Jhunjhunwala with 81.44% voting support.

NCLT extensions: timeline pushed to July 29, 2026

The National Company Law Tribunal granted Quadrant Televentures a 60-day extension for its CIRP, moving the revised deadline to July 29, 2026. This extension pushed the timeline beyond the earlier schedule of May 31, 2026.

Before this, NCLT Mumbai bench had also extended the CIRP period by 90 days from March 2, 2026 to May 30, 2026. That extension followed an application filed under Section 12(2) of the Insolvency and Bankruptcy Code, 2016, and the order was passed during a hearing held on March 11, 2026.

These extensions matter because they provide more time for due diligence, negotiations, and evaluation of competing proposals, while staying within the IBC’s time-bound framework referenced in the updates.

Resolution applicants in contention and revised eligibility thresholds

The updates list four resolution applicants in contention:

• GVN Fuels
• Fastway Transmissions
• Cyfuture India
• Areion Assets Management

The eligibility criteria were revised to encourage participation. The revised thresholds mentioned include:

• Earnest Money Deposit (with EOI): ₹1 crore
• Earnest Money Deposit (with Resolution Plan): ₹10 crore
• Minimum net worth requirement: ₹50 crore (lowered from ₹100 crore)
• Minimum AUM or fund commitment: ₹200 crore

The stated intent of extending time and adjusting thresholds is to improve the chances of reaching a resolution and avoiding liquidation if a viable plan is not approved.

Earlier CoC milestone: 8th meeting approvals at 66.17%

Quadrant Televentures held its eighth CoC meeting on April 22, 2026, with e-voting concluding with approvals at 66.17%. A key decision then was extending the timeline for submitting resolution plans till May 16, 2026.

That meeting also approved other resolutions including the refund of an EOI deposit to a prospective resolution applicant, disposal of equity shares by secured lenders, appointment of a professional, approval of CIRP costs, and ratification for a short notice period of minimum 24 hours.

Operations and financial context disclosed during CIRP

Quadrant Televentures is described as a telecommunications and broadband services company operating in Punjab. A Form-G publication during the process stated the company reported revenue of ₹273.97 crore in FY 2024-2025 and employed around 965 on-roll and 232 outsourced staff.

On profitability, the company reported a net loss of ₹16.702 crore for Q2FY26, wider than ₹13.8237 crore in Q1FY26. The losses were reported amid ongoing insolvency proceedings initiated in September 2025.

Key facts at a glance

Timeline of extensions and key milestones

Market impact: what changes after these approvals

The approvals in the 11th CoC meeting are procedural, but they shape how the CIRP progresses. Ratification of the bid challenge process and CIRP costs reduces uncertainty on process governance, while appointing a cost auditor supports verification and review requirements during insolvency.

The extension for submission of resolution plans, combined with the tribunal’s time extension to July 29, 2026, indicates the evaluation phase is still active. For shareholders and creditors, this means timelines remain extended, and the process continues to move through scheduled steps rather than concluding immediately.

Why this development matters

Taken together, the CoC’s 81.83% vote across all four resolutions and the NCLT timeline extension show continued lender engagement and a structured attempt to reach a resolution. The presence of four applicants and revised qualification thresholds point to efforts to keep the process competitive and compliant with CIRP requirements.

At the same time, the company’s reported losses in Q1FY26 and Q2FY26 underline the financial stress that typically accompanies insolvency proceedings. The key near-term marker in the public record is the July 29, 2026 CIRP deadline, which frames when a plan would need to be finalised or further legal steps taken within the framework described in the updates.

Conclusion

Quadrant Televentures’ lenders have approved four CIRP-related resolutions with an 81.83% vote in the 11th CoC meeting, covering the bid challenge process, CIRP costs, a cost auditor appointment, and a plan submission extension. Separately, NCLT has extended the CIRP timeline by 60 days, setting July 29, 2026 as the revised deadline. The next phase will revolve around evaluation of the four applicants’ plans and CoC decisions within the extended timeline.