Quadrant Televentures Ltd. Defaults on Payment of Principal and Interest for Unlisted Debt Securities

Quadrant Televentures Ltd., a company under Corporate Insolvency Resolution Process by NCLT order, has disclosed defaults on payment of interest and repayment of preference shares issued to banks and financial institutions. The default amount for F.Y. 2021-22 to F.Y. 2025-26 is INR 159.85 Crore. The company has 2% Non Convertible Cumulative Fully Redeemable Preference Shares (NCRPS) worth INR 159.85 Crore, with a tenure of 15 years, to be redeemed equally from April'2021 to March'2025. The total financial indebtedness of the listed entity, including short-term and long-term debts, as on 31-March'2026 (unaudited), is INR 2088.66 Crore.