Quadrant Televentures Ltd. Committee of Creditors Approves Extension of CIRP Period
Quadrant Televentures Limited announced key decisions following its Thirteenth meeting of the Committee of Creditors (CoC). The voting conducted by the CoC concerned critical matters related to the ongoing Corporate Insolvency Resolution Process (CIRP).The e-voting process for the thirteenth CoC meeting concluded in compliance with relevant regulations. The resolutions put to vote received approvals from the members of the CoC, as detailed below:
| Voting Item No. | Voting Item | Voting % Required | Voting % Approved | Decision |
|---|---|---|---|---|
| 1 | To consider and approve the extension of CIRP period by 30 days | 66% | 100% | Approved |
The approval secured for the consideration and approval of the extension of the Corporate Insolvency Resolution Process (CIRP) period by 30 days was unanimous.
Stock Price Movement
Shares of Quadrant Televentures Ltd. settled on Monday at ₹0.52, sinking by 3.70% in the session. The stock traded within an intraday range, finding a low at ₹0.52 and reaching a high of ₹0.56.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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