Quadrant Future Tek Announces Q1 Unaudited Results, Reappoints Cost Auditors, Sets AGM Date

Quadrant Future Tek Announces Q1 Unaudited Results, Reappoints Cost Auditors, Sets AGM Date​

Quadrant Future Tek Limited has released its unaudited financial results for the quarter ending June 30, 2026. The company's Board of Directors meeting, held on August 11, 2026, reviewed and approved these results, alongside other corporate matters including the re-appointment of cost auditors and details regarding the upcoming Annual General Meeting (AGM).

The unaudited financial statements for the quarter ended June 30, 2026, show key operational data. Total income stood at 410.35, against total expenses of 483.44. The company reported a loss before tax of -73.09, with a resulting profit/(loss) for the year of 91.32. Basic earnings per share (EPS) was recorded at -2.29, while diluted EPS stood at -2.26.

The financial results provide context on the company's performance across various periods:

Board Decisions and Corporate Governance​

The board meeting addressed several key corporate matters:

Cost Auditor Re-appointment:
Following a recommendation from the Audit Committee, M/s SDM & Associates, Cost Accountants, were re-appointed as the Cost Auditors of Quadrant Future Tek Limited for the Financial Year 2026-27. The firm is a partnership established in 2011 and specializes in Cost Audits and GST consultancy.

Annual General Meeting (AGM):
The company announced the convening of its 11th Annual General Meeting on Friday, September 25, 2026. This meeting will be conducted through Video Conferencing or Other Audio-Visual Means (OAVM). The cut-off date for ascertaining members eligible to participate in the AGM is Thursday, September 18, 2026. Remote e-voting is scheduled from September 22, 2026, to September 24, 2026. M/s Girish Madan and Associates, Practicing Company Secretaries, have been appointed as the Scrutinizer for the remote e-voting and the AGM.

Auditor's Review Highlights and Financial Status​

The independent review report conducted by M/s Sanmarks & Associates noted that the company incurred a cash loss of ¥ 25.71 Million during the quarter ended June 30, 2026. The auditor also highlighted that the company had experienced a cash loss in the immediately preceding quarter ending March 31, 2026.

Management assured the auditors that they are implementing steps to address the operational factors contributing to these consecutive cash losses. In light of this recurrence, management assessed and confirmed that the preparation basis remains appropriate on a going concern basis.

IPO Proceeds Utilization​

The company previously completed an Initial Public Offer (IPO) through a fresh issue of 10 million equity shares at an issue price of Rs. 290 per share. The utilization of the net proceeds, which totaled 2,672.79 in one unit of measure after reallocations, included:

Segment Reporting and Financial Highlights​

Quadrant Future Tek operates in the manufacture and distribution of Specialised Cables and Train Collision Avoidance System (TCS).

The segment reporting table detailing results before exceptional items shows a focus on the TCS Division, which reported a profit of 13,165 in one unit of measure for the quarter ended June 30, 2025. The company's overall financial standing is detailed below:

QUADFUTURE Stock Price Movement​

Quadrant Future Tek Limited shares slipped today, shedding 3.7% to settle at ₹356.90 in post-market trading. The stock saw a total traded volume of 609,754 shares during the session.