Approval of Resolution Plan - NCLT Order

QTL/SEC/26-27/70 November 4, 2026 The Secretary BSE Limited Operations Department, Phiroze Jee Jee Bhoy Towers, Dalal Street Mumbai - 400001 Sub: Disclosure under (i) Regulation 30 read with Schedule III, Part A, Para A, Clause 16 and other applicable Regulation of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sirs / Madam, This is in continuation of our disclosure dated November 3, 2026 relating to pronouncement of the order by the Hon’ble National Company Law Tribunal Mumbai Bench (the NCLT) on November 3, 2026 approving the resolution plan submitted by Fastway Transmission Private Limited (Successful Resolution Applicant) for Quadrant Televentures Limited (QTL or the Corporate Debtor or the Company) This is to inform that a Company has received said order vide email dated November 4, 2026 from the office of the Resolution Professional of Quadrant Televentures Limited. A copy of the NCLT Approval Order is enclosed herewith as Annexure 1. As per the requirements of Regulation 30 read with Schedule III, Part A, Para A, Clause 16 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), the specific features and details of the Approved Resolution Plan, not involving commercial secrets, are as follows. 1. Pre and Post net-worth of the Company The net worth of QTL is negative as per the latest audited financial statement as on March 31, 2026 and was approximately Rs. (28,69,43,38,066). The post corporate insolvency resolution process (CIRP) net worth of QTL shall be available post implementation of the Approved Resolution Plan. 2. Details of the Assets of the Company Post CIRP In terms of the Approved Resolution Plan, all assets of the Corporate Debtor shall be free and clear of encumbrances and shall be returned to the Corporate Debtor by all such persons holding the assets and/or title documents of such assets immediately on the Effective Date (as defined in the Approved Resolution Plan, which shall be a date not later than 90 days from the Plan Approval Date). QUADRANT TELEVENTURES LIMITED Corporate Identification Number: L00000MH1946PLC197474 LIN No. 1582214459 Corporate Office: B-71, Phase-VII, Industrial Focal Point, Mohali-160055, Punjab, Tel: +91-172-5090000 Fax: +91-171-5090125 Regd. Office: Plot no. 66, CIDCO N2, Near Kamgaar Chowk, behind Synergy Hospital, Chhatrapati Sambhajinagar (earlier Aurangabad), Maharashtra-431003 India www.connectbroadband.in Email: secretarial@infotelconnect.com 3. Details of securities containing to be imposed on the Company’s Assets On the Effective Date, upon payment of monies contemplated to be paid on the Effective Date in accordance with the Approved Resolution Plan, none of the existing Stakeholders shall have any security over any of the assets of the Company. 4. Other material liabilities imposed on the Company The Company will continue as a going concern. As regards the pre-CIRP liabilities, no other additional material liabilities have been imposed on the Corporate Debtor under the Approved Resolution Plan. 5. Detailed pre and post shareholding pattern assuming 100% conversion of convertible securities The shareholding pattern of QTL as on the quarter ending September 30, 2026 (as already disclosed on the stock exchanges), prior to the implementation of the Approved Resolution Plan was as follows: # Category Shareholding % 1. Promoter and Promoter Group 1.85 2. Public 98.15 Total 100 The proposed shareholding pattern of QTL following the Capital Reduction on the Effective Date is as follows: # Category Shareholding 1. Implementing Entity 95 2. Public 5 Total 100 As per the Resolution Plan, the entire existing promoter shareholding of 1,13,26,815 equity shares shall be cancelled for nil consideration, while the existing public shareholding shall be reduced to 5%, comprising 30,61,301 equity shares of Rs.10/- each. The SRA shall be allotted 5,81,64,725 equity shares, representing 95% of the post-restructuring share capital, by way of preferential allotment. The Resolution Plan further provides that the equity shares issued to the public shareholders pursuant to such restructuring shall be listed forthwith on the stock exchange on which the Corporate Debtor is presently listed. 6. Details of funds infused in the Company, creditors paid off; QUADRANT TELEVENTURES LIMITED Corporate Identification Number: L00000MH1946PLC197474 LIN No. 1582214459 Corporate Office: B-71, Phase-VII, Industrial Focal Point, Mohali-160055, Punjab, Tel: +91-172-5090000 Fax: +91-171-5090125 Regd. Office: Plot no. 66, CIDCO N2, Near Kamgaar Chowk, behind Synergy Hospital, Chhatrapati Sambhajinagar (earlier Aurangabad), Maharashtra-431003 India www.connectbroadband.in Email: secretarial@infotelconnect.com The detailed break-up of the financial proposal and the treatment of the stakeholders under the Resolution Plan are set out below Stakeholder Type Amount(s) Payment Schedule Amount Amount Realisable Amount amount under realisable in Claimed Admitted the plan plan to amount claimed CIRP Costs NIA NIA 1,00,00,000 NIA T+60 days (At Actuals) Secured Financial Rs. 1,94,58,00,000 8,26,6 7,03,54,9 2,23,58,00, 27.05% Creditors within 60 days of NCLT 8,97 4,966 000 (31.78% - Creditors not having a right approval; Rs. to vote under sub-section (2) ,369 of 29,00,00,000 of section 21 admitted within 14 months - Dissenting from the date of - Assenting approval Unsecured Financial Creditors 18,11, 1,59,85,00 Nil 0% NA (Related Parties) 40,84, ,000 -Creditors not having a right to vote under 60 l sub-section (2) of section 21 - Dissenting - Assenting Operational Creditors (i) Government 9,81,4 2,83,15,7 2,83,00,000 0.029% Within 60 days 9,35,6 9,810 (1.00% of of NCLT 04 admitted) approval (ii) Workmen - PF dues - Other dues (iii)Employees 8,06,7 8,06,730 8,06, 730 100.00% Within 60 days (including Gratuity 30 (T+60) dues) (iv)Other Operational 4,23,0 2,30,65,5 2,07,00,000 0.049% Within 60 days Creditors 5,34,5 8,557 (0.11% of of NCLT QUADRANT TELEVENTURES LIMITED Corporate Identification Number: L00000MH1946PLC197474 LIN No. 1582214459 Corporate Office: B-71, Phase-VII, Industrial Focal Point, Mohali-160055, Punjab, Tel: +91-172-5090000 Fax: +91-171-5090125 Regd. Office: Plot no. 66, CIDCO N2, Near Kamgaar Chowk, behind Synergy Hospital, Chhatrapati Sambhajinagar (earlier Aurangabad), Maharashtra-431003 India www.connectbroadband.in Email: secretarial@infotelconnect.com 71 admitted) approval Other Debts and Dues 16,96, 14,37,92,0 1,52,00,000 0.009% 45,06, 2,400 (0.11% of 016 admitted) Shareholders - - Nil Contingency NIA NIA 41,93,270 NIA Total 57,39, 28,15,21, 231,50,00,0 0.40% 17,64, 42,463 00 (8.21% of 891 admitted) Source of Fund SRA has proposed a total payment of Rs. 231,50,00,000/- (Rupees Two Hundred and Thirty- One Crore Fifty Lakh only) under the Resolution Plan. The SRA proposes to infuse Rs. 58,16,00,000/- (Rupees Fifty- Eight Crores Sixteen Lakhs Only) by way of equity and balance by way of loan with an option to convert into equity as and when required. 7. Additional liability on the incoming investors due to the transaction, source of such funding etc. No additional liabilities except as mentioned in the Approved Resolution Plan. 8. Impact on the investor – revised P/E RONW ratios etc. The revised P/E ratios etc. are not known at present 9. Name of the new Promoters, key managerial personnel if any and their past experience in the business or employment. In case where promoters are companies, history of such company and names of natural person in control Refer to para 5 above. Details of the new Promoters and key managerial personnel of the Corporate Debtor shall be identified at the time of implementation of Resolution Plan. 10. Brief description of business strategy As disclosed in the Approved Resolution Plan. 11. Any other material information not involving commercial secrets Not Applicable QUADRANT TELEVENTURES LIMITED Corporate I [Showing first 8,000 characters — download PDF for full document]