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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Quadrant Televentures Ltd-$

Quadrant Televentures defaults on INR 159.85 Crore preference share obligations

REGULATORY ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 01 Apr 2026, 04:53 PM IST  ·  BSE ID: 7887c0cf-ac53-4a46-b40a-32f7fcb10948
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is unable to pay INR 159.85 Crore it owes on preference shares and is already in bankruptcy proceedings, affecting 5 investors.
🤖 AI Summary
  • Quadrant Televentures defaults on INR 159.85 Crore preference share obligations across five fiscal years
  • NCRPS instrument: 15,984,543 shares @ Rs. 100 each, 2% cumulative coupon, 5 investors affected
  • Company under NCLT-ordered CIRP since September 2, 2025 — insolvency resolution in progress
  • Total financial indebtedness INR 2088.66 Crore (unaudited) as of March 31, 2026
  • Default date April 1, 2026 — mandatory disclosure under SEBI Circular CIR/P/2019/140
🔢 Key Numbers — exact figures from BSE filing, not rounded
Default amount (FY 2021-22 through FY 2025-26)
INR 159.85 Crore
Total preference shares issued
15,984,543 shares @ Rs. 100 each
Number of investors affected
5
Total financial indebtedness (unaudited)
INR 2088.66 Crore as of 31-March-2026
Coupon rate on NCRPS
2% cumulative
Original redemption tenure
15 years (April 2021 to March 2025)
🏢 How This Affects the Company
💰
Financial Impact
Default of INR 159.85 Crore in preference share obligations confirms material debt stress. Total indebtedness stands at INR 2088.66 Crore, with accumulated arrears across five fiscal years indicating sustained inability to service obligations.
⚠️
Risk Impact
Company is under NCLT-mandated CIRP, which is the formal insolvency resolution process. Default disclosure signals elevated creditor risk; preference shareholders rank below secured creditors in insolvency recovery hierarchy.
👥 What This Means For Shareholders
✅
Action Required
Preference shareholders must monitor CIRP proceedings and liquidation updates filed by Insolvency Professional; no immediate recovery expected.
👤
Who Is Affected
5 investors holding 2% Non Convertible Cumulative Fully Redeemable Preference Shares (15,984,543 shares @ Rs. 100 each); total default obligation INR 159.85 Crore across FY21-26.
🔍
Management Signal
CIRP filing and default disclosure indicate company has exhausted ordinary recovery mechanisms; formal insolvency resolution now primary path forward.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
CIRP resolution status update — track Insolvency Professional's next status report or asset sale announcement
Liquidation or debt restructuring plan approval — monitor NCLT order on resolution acceptance or creditor resolution framework
Preference shareholder recovery communication — check for creditor claim process or distribution timeline update
HIGH RISK Company under formal NCLT insolvency process. Accumulated default across five years. Preference shareholders subordinated; recovery uncertain.
💡 Investor Takeaway
Quadrant Televentures confirms INR 159.85 Crore default on preference shares (ISIN: INE527B04024) affecting 5 investors. Company under NCLT-ordered CIRP since September 2025. Total debt INR 2088.66 Crore. Preference shareholders subordinated in insolvency hierarchy.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Cumulative default of INR 159.85 Crore across five fiscal years demonstrates persistent payment inability over extended period
  • Total indebtedness of INR 2088.66 Crore indicates systemic solvency stress; CIRP status confirms formal insolvency process underway
⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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