Quadrant Future Tek Limited update on approval process w.r.t Kavach System Version 4.0

Quadrant Future Tek Limited has received an "Intermediate Safety Assessment Report (Interim Report)" from Jodova Technologies Private Limited ("ISA") w.r.t. QFTL KAVACH - Generic Application for the ongoing ISA certification of its Kavach System (Version 4.0). In terms of the said report, the Independent Safety Assessor (ISA) concluded that the QFTL KAVACH system has demonstrated satisfactory progress in implementing the required quality management and Safety management processes in alignment with applicable CENELEC standards.

Further, the said report also states that the Quality Audit Process has been successfully completed by Quadrant Future Tek Limited, and all activities have been closed with positive results as documented in the Quality Audit Report. Also, the Safety Audit Process is currently in progress, focussing on verifying the implementation and effectiveness of safety lifecycle activities and their associated evidence.

This is a general business update on its approval process and the Company will keep the investors updated till final approval is received.

Shares of Quadrant Future Tek Limited was last trading in BSE at Rs. 337.45 as compared to the previous close of Rs. 310.40. The total number of shares traded during the day was 1035787 in over 18774 trades.

The stock hit an intraday high of Rs. 365.75 and intraday low of 320.55. The net turnover during the day was Rs. 360835370.00.

Source : Equity Bulls

Keywords

QuadrantFutureTek INE0LRY01011 Cables Electricals InterimReport Kavach4