Compuage Infocom Limited has informed the Exchange about 17th COC meeting Outcomes of the company
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Compuage Infocom Limited, which is currently under the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated 29 April 2024, disclosed the outcomes of its 17th COC meeting. The meeting was held on 27 May 2025 and e-voting concluded on 7 June 2025. Six resolutions were approved, including the appointment of a legal professional for the challenge process, approval of terms for the 6th E-Auction to sell inventory at the Bhiwadi warehouse, payment of annual fees to CDSL/NSDL and website maintenance charges, appointment of a representative for court proceedings, and approval of a settlement with debtor Fourth Dimension Technologies Pvt. Ltd. The company's affairs continue to be managed by Resolution Professional Mr. Gajesh Labhchand Jain.
For shareholders, this signals that the insolvency resolution process remains ongoing with repeated creditor meetings and asset liquidation attempts (now the 6th auction for Bhiwadi inventory), suggesting continued uncertainty over recovery and a low likelihood of value for existing equity holders.