Quadrant Televentures' Committee of Creditors Approves Key Resolutions During Eleventh Meeting
Quadrant Televentures Limited, which is undergoing a Corporate Insolvency Resolution Process (CIRP), saw key resolutions approved by its Committee of Creditors (CoC) during the Eleventh meeting. The e-voting for this meeting concluded in accordance with established procedures, resulting in significant approvals across several crucial matters related to the company's resolution process.The resolutions put before the CoC were voted upon, and all listed items achieved approval against their required voting percentages.
Key decisions made by the Committee of Creditors include:
| Voting Item No. | Voting Item | Voting% Required | Voting% Approved | Decision |
|---|---|---|---|---|
| 1 | RATIFICATION OF BID CHALLENGE PROCESS FOR RESOLUTION OF THE CORPORATEDEBTOR | 51% | 81.83% | Approved |
| 2 | RATIFICATION OF CIRP COST | 51% | 81.83% | Approved |
| 3 | APPOINTMENT OF COST AUDITOR | 66% | 81.83% | Approved |
| 4 | APPROVAL FOR EXTENSION OF LAST DATE FOR SUBMISSION OF RESOLUTION PLAN | 51% | 81.83% | Approved |
The unanimous approval of the Ratification of Bid Challenge Process and the Ratification of CIRP Cost, both with voting percentages exceeding the required 51%, signals progress in the company's insolvency resolution journey. Furthermore, the CoC approved the appointment of a Cost Auditor (with 81.83% approval against a 66% requirement) and granted approval for the extension of the deadline for submitting the Resolution Plan.
The Eleventh meeting of the Committee of Creditors was convened on Thursday, June 11, 2026.
Stock Price Movement
As of 12:09, shares of Quadrant Televentures Ltd. are edging higher at ₹0.42, reflecting a 5.00% gain. The stock has traded within a tight intraday range, oscillating between a low of ₹0.41 and a high of ₹0.42.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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