Compuage Infocom Limited has informed the Exchange about the intimation of Outcomes of 15th COC meeting

Compuage Infocom Limited, currently under the Corporate Insolvency Resolution Process (CIRP), informed the exchanges about the decisions taken in its 15th COC meeting held on 11th April 2025, with e-voting closing on 24th April 2025. The COC approved several administrative items, including the appointment of Statutory, Tax, and Secretarial Auditors for FY 2024-25, the audit of the Singapore Branch by AAA Assurance PAC, and the continuation of a GST consultant. Notably, the terms for the 5th E-Auction of inventory at the Bhiwandi warehouse were rejected by the COC, while the sale of inventory at the Singapore warehouse was approved. The COC also approved an extension/exclusion of CIRP timeline under Section 12 of the IBC, payment of initial CIRP costs for a Section 9 application, a settlement with M/s Accutech Power Solutions, and appointment of counsel for Supreme Court representation.