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Quadrant Future Tek seeks shareholder approval to withdraw ₹8.57 Cr from IPO monitoring account
Quadrant Future Tek Limited
January 13, 2026, 08:55 AM
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Quadrant Future Tek Limited has announced a postal ballot to seek shareholder approval for the withdrawal of ₹8.57 crore from its IPO monitoring account. This amount is intended to reimburse issue expenses incurred by the company in connection with its Initial Public Offering (IPO) prior to the receipt of IPO proceeds.
The e-voting period will commence on Thursday, January 15, 2026, at 9:00 AM IST and conclude on Friday, February 13, 2026, at 5:00 PM IST. The company has engaged CDSL for remote e-voting services. The result of the postal ballot will be announced within two working days of the voting period's closure.
The proposed withdrawal is in accordance with the company's prospectus dated January 9, 2025, and does not alter the objects of the issue. The management believes this action represents an optimal utilization of IPO proceeds, aiming to enhance shareholder value while maintaining regulatory compliance.
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