Quadrant Future Tek Limited — Others, 15-05-2025: Monitoring Agency Report

Quadrant Future Tek Limited has announced a board meeting to review the financial results for the quarter and half-year. The company’s Monitoring Agency Report confirms full compliance with the utilization of Rs. 290 crore raised via IPO, with Rs. 105.84 crore spent primarily on working capital for the Specialty Cable division, loan repayment, IPO expenses, and Kavach project procurements. Rs. 184.16 crore remains parked in fixed deposits and bank accounts. The Kavach project incurred a net loss of Rs. 8.45 crore due to pre-revenue expenses, but approvals and field trials are ongoing, with commercial operations expected in FY26 to boost profitability.