Compuage Infocom Limited — Important, 12-11-2024: Updates

The Resolution Professional of Compuage Infocom Limited has initiated an e-auction process for the sale of inventory in the ordinary course of business, as approved in the CoC meeting. This sale follows the procedures outlined in the available Process Document and will be executed on an "as is, where is" basis. Bids must be submitted by November 22, 2024, by 5:00 PM, with the auction scheduled for December 6, 2024, from 11:00 AM to 1:00 PM. The inventory for sale is valued at ₹28 crore, with an earnest money deposit of ₹2.8 crore. Bidders are advised to make independent inquiries regarding the inventory before participating in the auction. Stakeholders should monitor this event closely, as it represents a significant step in the company's restructuring efforts.