Quadrant Televentures Limited.
CIN:L00000MHI946PLCI97474
Regd. Office : Autocars Compound, Adalat Road,Aurangabad (Maharashtra) - 431 005.
Tel: 91-240-2320754 Email: secretarial@infotelconnect.com Website: www.connectzone.in
Statement of Unaudited Stand Alone Financial Results for the Quarter ended June 30, 2014
(Rs in Lacs)
    Unaudited Unaudited Unaudited Audited
Sr. No Particulars Three months ended 30.06.2014 Three months ended 31.03.2014 Three months ended 30.06.2013 Year ended 31.03.14
1 Income from operations        
  (a) Income from Operations/ Services 11772.63 10647.26 9209.63 40599.52
  (b) Other Operating Income 0 0 0 0
       
  Total Income From Operations (net) 11772.63 10647.26 9209.63 40599.52
       
2 Expenses        
  (a) Employee benefits expenses 1915.50 1952.67 1420.83 6883
  (b)Depreciation and amortization expenses 3439.08 3164.04 3099.30 12,678.05
  (c)Network operation expenditure 3445.53 3081 2574.3 12,633.89
  (d) Interconnect Usage Charges 5342.29 5311.61 2589.9 19800.91
  (e) Infrastructure sharing charges 1415.97 1414.73 1305.97 5406.44
  (f) Sales & Marketing Expenditure 706.04 447.29 574.1 2810.1
  (g) Other Expenses 1053.44 1187.90 834.88 4067.6
  Total expenses 17317.86 16559.24 12399.28 64279.99
       
3 Profit / (Loss) from operations before other income, finance costs and exceptional items (1-2) (5545.23) (5911.98) (3189.65) (23680.47)
4 Other income 78.80 61.65 108.48 294.38
5 Profit / (Loss) from ordinary activities before finance costs and exceptional items (3-4) (5,466.43) (5,850.33) (3,081.17) (23,386.09)
6 Finance costs 676.23 669.46 696.29 2729.99
7 Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5-6) (6142.66) (6519.79) (3777.46) (26116.08)
8 Exceptional items - - - -
9 Profit / (Loss) from ordinary activities before tax (7-8) (6142.66) (6519.79) (3777.46) (26116.08)
10 Tax expense - - - -
11 Net Profit / (Loss) from ordinary activities after tax (9-10) (6,142.66) (6,519.79) (3,777.46) (26,116.08)
12 Extraordinary items - - - -
13 Net Profit / (Loss) for the period (6142.66) (6519.79) (3777.46) (26116.08)
14 Share of profit /(loss) of associates - - - -
15 Minority Interest - - - -
16 Net Profit / (Loss) after taxes, minority interest and share of of Profit / (Loss) of Associate (6142.66) (6519.79) (3777.46) (26116.08)
17 Paid up Equity Share Capital (Face Value - Rs. 10 each) 61226.03 61226.03 61226.03 61226.03
18 Reserves excluding Revaluation Reserve (193284.60)
19 Earning Per Share ( in Rs.)
(a) Basic and Diluted Earning Per Share before Extraordinary items of Face value - Rs 10/- each (Not annualised) (1.01) (1.07) (0.62) (4.27)
(b)(b) Basic and Diluted Earning Per Share after Extraordinary items of Face value - Rs 10/- each (Not annualised) (1.01) (1.07) (0.62) (4.27)
Select information for the Quarter ended June 30,2014
    Unaudited Unaudited Unaudited Audited
Sr. No Particulars Three months ended 30.06.2014 Three months ended 31.03.2014 Three months ended 30.06.2013 Year ended 31.03.14
A Particulars of Shareholding
1 Public Shareholding
-No of Shares 285,555,268 285,555,268 285,555,268 285,555,268
- % of Shareholding 46.64% 46.64% 46.64% 46.64%
2 Promoters and Promoter Group Shareholding
(a) Pledged/Encumbered
Number of Shares 218,704,937 218,704,937 52,085,387 218,704,937
Percentage of Shares (as % of the total Shareholding of Promoter and Promoter group) 66.94% 66.94% 15.94% 66.94%
Percentage of shares (as a % of the total share capital of the Company) 35.72% 35.72% 8.51% 35.72%
(b) Non encumbered
Number of Shares 108,000,063 108,000,063 274,619,613 108,000,063
Percentage of Shares(as % of the total Shareholding of Promoter and Promoter group) 33.06% 33.06% 84.06% 33.06%
Percentage of shares (as a % of the total share capital of the Company) 17.64% 17.64% 44.85% 17.64%
Particulars Three months ended 30.06.2014
B INVESTOR COMPLAINTS
Pending at the beginning of the quarter Nil
Received during the quarter Nil
Disposed of during the quarter Nil
Remaining unresolved at the end of the quarter Nil
       
NOTES:
1 (a) Extract of audit qualification of current Quarter and previous financial year 2013-14
The Company has accounted for the impact of revised corporate debt restructuring ('CDR') Scheme as approved by CDR Cell after complying with the most of the terms and conditions stipulated therein however compliance of some of them is still in process.
(b) Management comments on above qualifications :
The Company has already allotted Redeemable Secured Non Convertible Debenture ('NCDs') and is confident of fulfilling the remaining conditions in due course of business.
In compliance with the stipulations of CDR Package dated August 13, 2009, the Company had obtained the approval of shareholders for the reduction of capital in Extra Ordinary General Meeting held on July 18, 2012. BSE Ltd. vide its letter dated Oct 23, 2013 issued its Observation Letter and conveyed its No Objection, Where after the Company filed the Reduction Petition with Bombay High Court for seeking its confirmation for Reduction of paid up capital; Hon'ble Bombay High Court vide its Order dated July 4, 2014 approved the Reduction of Share Capital and the Company has filed the certified copy of the Order received on July 17, 2014 with the Registrar of Companies (ROC), Mumbai on July 22, 2014; registration of the Order is awaited. The reduction of capital will be effective on registration of the Order by ROC. The impact of the above said Scheme on the financials will be considered upon implementation of the same. Post reduction the existing paid up equity share Capital of Rs.612,26,02,680/- would stand reduced to 10% i.e. Rs. 61,22,60,268/-
2 The primary reporting of the Company has been performed on the basis of business segments. The Company has only one business segment, which is provision of unified telephony services. Accordingly, the amounts appearing in these financial results relate to this primary business segment. Further, the Company provides services only in the State of Punjab (including Chandigarh and Panchkula) and, accordingly, no disclosures are required under secondary segment reporting.
3 Previous period/years figures have been reclassified, wherever necessary, to make them comparable with those of the current period.
4 Above results have been reviewed by the Audit Committee and taken on record by the Board of Directors in their meeting held on August 09, 2014. The same have been reviewed by the Statutory Auditor of the Company.
  
 
By Order of the Board
For QUADRANT TELEVENTURES LIMITED.
Place : Mohali(Mr. Yatinder Vir Singh)
Date : August 09, 2014 Director - 02223708