
Quadrant Future Tek Challenges Regional Director Order
Quadrant Future Tek Ltd has filed a writ petition before the Hon’ble High Court of Punjab & Haryana at Chandigarh challenging the Regional Director's order dated 30th January, 2026, regarding adjudication proceedings related to private placement compliance under Section 42 of the Companies Act, 2013. The company believes the order is erroneous and the petition is in the best interest of stakeholders. The writ petition was filed on 20th May, 2026, and is pending adjudication. The company does not expect any material financial impact on its day-to-day operations pending the petition's disposal. The quantifiable financial exposure is ₹30 Lakhs on the Company and ₹6 Lakhs on each promoter, subject to the outcome of the writ petition.
Key Highlights
- Quadrant Future Tek files writ petition against Regional Director's order.
- Petition challenges order related to private placement compliance.
- Company believes the Regional Director's order is erroneous.
- No material financial impact expected during petition adjudication.
- Potential financial exposure: ₹30 Lakhs for company, ₹6 Lakhs per promoter.
Price Impact
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