Quadrant Future Tek Limited — Others, 14-08-2025: Monitoring Agency Report

Quadrant Future Tek's latest IPO monitoring report confirms funds are being utilized as per prospectus, with no deviations. Out of the Rs. 290 Cr raised, Rs. 168.38 Cr has been deployed. The company reported a net loss of Rs. 13.50 Cr for Q1FY26, primarily due to its Train Control Division awaiting product certification to commence invoicing. Projects like the Electronic Interlocking System (EIS) development show delays, with Rs. 24.38 Cr unutilized as it awaits product certification. The remaining unutilized funds, totaling Rs. 121.62 Cr, are largely held in fixed deposits. Management anticipates full utilization of remaining funds by the fiscal year-end.