Compuage Infocom Limited has informed the Exchange about the 19th COC meeting to be held on Wednesday, 09th July, 2025
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Compuage Infocom Limited has informed the exchanges that its 19th Committee of Creditors meeting will be held on Wednesday, 9th July 2025 at 10:30 AM. The company is currently under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016, after an NCLT order dated 29 April 2024. Mr. Gajesh Labhchand Jain is acting as the Resolution Professional managing the company's affairs. The high number of COC meetings (19th) indicates the resolution process has been ongoing for a considerable time, suggesting challenges in finalising a resolution plan.
The stock remains under insolvency proceedings with no resolution plan yet approved, keeping significant uncertainty for shareholders about recovery and future value. Continued COC meetings signal the process is active but prolonged, which is generally negative for equity holders who typically face dilution or write-downs in such outcomes.