Compuage Infocom Limited has informed the Exchange about Intimation of 15th COC meeting to be held on 10th April, 2025
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Compuage Infocom Limited has informed the exchanges that its 15th Committee of Creditors meeting will be held on 10th April 2025 at 2:00 PM. The company has been under the Corporate Insolvency Resolution Process (CIRP) since the NCLT passed an order on 29th April 2024, with Mr. Gajesh Labhchand Jain serving as the Resolution Professional. The filing is made under SEBI's listing regulations requiring disclosure of such meetings. The note that it is the 15th COC meeting indicates the insolvency process has been dragging on for over a year without a resolution plan being approved.
Shareholders should note that the company remains under insolvency resolution with no approved revival plan yet, meaning equity value remains highly uncertain. Each COC meeting brings the process closer to either a resolution plan or potential liquidation, both of which will materially affect share value.