Compuage Infocom Limited has informed the Exchange about Intimation of Public Announcement for 6 E-auction of Sale of Inventory in the Ordinary Course of Business.
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Compuage Infocom Limited, which is under the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated 29.04.2024, has announced its 6th e-auction to sell hardware inventory in the ordinary course of business. The Resolution Professional, Mr. Gajesh Labhchand Jain, is conducting the sale after approval from the Committee of Creditors at its meeting on 27.05.2025. The inventory is located at a warehouse in Bhiwandi, Maharashtra, with a reserve price of approximately ₹16.99 crore and an earnest money deposit of about ₹1.70 crore. The e-auction is scheduled for 5th July 2025, with the last date for bid submission on 21st June 2025. Inventory supplied by ADC India Communications, Vertiv Energy, and Commscope India is excluded from this sale as those matters are sub-judice before NCLT Mumbai and the Bombay High Court.
This is another step in the company's ongoing insolvency process to monetise assets for creditor recovery. Shareholders should note that no resolution plan has been approved yet, and continued asset sales indicate the CIRP is still active, which generally weighs negatively on equity value.