Quadrant Televentures Ltd.'s CoC Meeting Concludes: Resolution Plans and CIRP Costs Receive Approvals
Quadrant Televentures Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), held its Twelfth meeting of the Committee of Creditors (CoC) on Tuesday, July 7, 2026. The meeting saw resolutions put to vote regarding various aspects of the company's insolvency resolution.The CoC voting process concluded in accordance with the CIRP regulations. The outcomes detailed cover the approval status for multiple operational and financial items crucial to the resolution plan.
Key decisions reached during the Twelfth CoC meeting included:
| Voting Item No. | Voting Item | Voting % required | Voting % approved | Decision |
|---|---|---|---|---|
| 1 | To consider and approve the Resolution Plans — CoC have approved one of the resolution plans and rejected others. The approved resolution plan shall be submitted for approval of Hon'ble NCLT. | 66% | 100% | Approved |
| 2 | To consider and approve the Formula in case of tie-breaker | 51% | 81.59% | Approved |
| 3 | To consider and approve the Ratification for extension of last date for submission of resolution plan | 51% | 81.59% | Approved |
| 4 | To consider and approve the Revision in PLI for RP | 51% | 65.93% | Approved |
| 5 | To consider and approve the Related Party Transactions | 66% | 79.70% | Approved |
| 6 | To consider and approve the CIRP Cost | 51% | 81.59% | Approved |
| 7 | To consider and approve the Budget for CIRP Cost | 51% | 81.59% | Approved |
| 8 | To consider and approve the Resolution Professional as member of the Monitoring Committee for implementation of the resolution plan | 51% | 95.36% | Approved |
The meeting confirmed that one of the submitted resolution plans received approval from the CoC, while other items relating to CIRP costs, related party transactions, and process management were also approved by the committee.
Stock Price Movement
Quadrant Televentures Ltd.- shares settled at ₹0.55 on Monday, advancing 3.77% in the market close. During trading, the stock moved between an intraday low of ₹0.51 and a high of ₹0.55.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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