Quadrant Televentures Q1FY27 turns profitable; CIRP extended

Overview: profit turnaround during insolvency process

Quadrant Televentures Limited reported a net profit of ₹3.25 crore for the quarter ended June 30, 2026 (Q1FY27), reversing a net loss reported in the same quarter last year. The development comes while the company remains under the Corporate Insolvency Resolution Process (CIRP) initiated by an order of the National Company Law Tribunal (NCLT) dated September 2, 2025. Separately, the Committee of Creditors (CoC) has taken steps to extend the CIRP timeline and continue evaluation of resolution plans. Disclosures also indicate that the company’s revenue declined by 7.4% in the same quarter even as profitability improved.

Stock snapshot: low-priced counter with mixed quote points

Market data cited alongside the update showed Quadrant Televentures trading around the sub-Re 1 level. One snapshot referenced a price of ₹0.57, up 3.64%, on August 17, 2026 (timestamp shown as 15:25:07 PM IST), and also stated the stock was trading at ₹0.57 as on Mon Aug 17 2026 09:55:07. Another delayed quote showed ₹0.55, up 3.77%, with a “Last Updated: Aug 10, 2026 1:05 p.m.” tag. A separate line in the same material stated: “The current share price of Quadrant Televenture is Rs 0.52.” These are multiple points captured at different times, and they collectively reflect the very low absolute trading price referenced in the disclosures.

Q1FY27 result: net profit despite revenue decline

For Q1FY27 (quarter ended June 30, 2026), Quadrant Televentures reported net profit of ₹324.80 lakh, which equals ₹3.25 crore. In the corresponding quarter of FY26, the company had reported a net loss of ₹1,382.37 lakh, or ₹13.82 crore. The update specifically described this as a turnaround from the prior-year loss. The same context also noted that the company reversed the loss “despite a 7.4% revenue decline,” but no absolute revenue figure was provided.

CIRP status: NCLT order and extensions cited

The company is undergoing CIRP pursuant to an NCLT order dated September 2, 2025. Disclosures cited that the NCLT had already granted a 60-day extension to the CIRP timeline. This moved the deadline from May 31, 2026 to July 29, 2026. The company’s updates indicated that the timeline had been extended through NCLT orders up to July 29, 2026.

13th CoC meeting: creditors approve 30-day extension

In the latest creditor decision described, the CoC unanimously approved an extension of the CIRP period by 30 days. The extension was discussed at the 13th CoC meeting held on July 21, 2026 and concluded through an e-voting process. Creditors voted on a single resolution at this meeting: extending the CIRP period by 30 days. The proposal received 100% voting in favour, which the disclosure noted was above the 66% threshold required for such resolutions.

Resolution plans: four plans under consideration

The disclosures stated that four resolution plans are currently under consideration by the CoC. It was also stated that four Prospective Resolution Applicants (PRAs) have submitted Insolvency and Bankruptcy Code (IBC)-compliant resolution plans, which are currently under e-voting by the CoC. The updates, however, did not name the PRAs or provide plan-level financial terms.

Resolution Professional: CoC ratifies appointment

The company also disclosed that the CoC has ratified the appointment of Mr. Rajesh Jhunjhunwala as Resolution Professional (RP). No additional detail on the timing of the appointment or the scope of the ratification was provided in the supplied text.

Earlier CoC meetings: voting outcomes and approved items

Separate disclosures referenced outcomes from earlier CoC meetings during the same CIRP period. An “Eighth Committee of Creditors meeting” was held on April 22, 2026, with e-voting concluding in approval of all resolutions at a voting approval percentage of 66.17%. Items approved included extending the timeline for submission of resolution plans till May 16, 2026, refund of an Expression of Interest (EOI) deposit to a prospective resolution applicant, approval of 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. The post-facto intimation for this outcome was filed with BSE Limited on May 8, 2026 by Umesh P. Srivastava, CFO and Company Secretary.

A separate summary also referenced an Eleventh CoC meeting held on June 11, 2026, where four resolutions were voted and all were approved with 81.83% votes. The listed resolutions included bid challenge process ratification, CIRP cost approval, cost auditor appointment, and extension for resolution plan submission.

Board and compliance updates: audited results meeting and trading window

Quadrant Televentures also informed stock exchanges that its board would consider and disseminate audited financial results for the quarter and financial year ended March 31, 2026 at a meeting scheduled for May 30, 2026. This was stated to be in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also stated that the trading window for dealing in the company’s securities remained closed, effective since March 26, 2026, and would continue until the declaration of financial results. The intimation was signed by Umesh Prasad Srivastava, CFO and Company Secretary, on May 20, 2026.

Key facts table

Corporate actions: board meeting calendar referenced

Why this matters for investors tracking the insolvency process

The update combines two tracks investors typically watch in an insolvency situation: quarterly financial performance and procedural progress under CIRP. The shift to a quarterly profit in Q1FY27 is a notable accounting outcome when read alongside the stated 7.4% revenue decline, although the disclosures do not provide the drivers behind the profit reversal. On the process side, the CoC’s unanimous vote to extend the CIRP period by 30 days and the earlier NCLT extension to July 29, 2026 show that the timeline is being formally pushed out while creditors evaluate resolution plans. The presence of four IBC-compliant plans under e-voting indicates active consideration by creditors, but the disclosures provided do not include any selection decision.

Conclusion

Quadrant Televentures reported a Q1FY27 net profit of ₹3.25 crore versus a ₹13.82 crore loss in the prior-year quarter, even as disclosures noted a 7.4% revenue decline. At the same time, its CIRP remains ongoing under the September 2, 2025 NCLT order, with timelines extended through NCLT orders to July 29, 2026 and an additional 30-day extension approved unanimously by the CoC at its July 21, 2026 meeting. The next key procedural milestone will be the CoC’s outcome on the four resolution plans that are stated to be under e-voting.