Compuage Infocom Limited, a leading IT distribution company currently under Corporate Insolvency Resolution Process (CIRP), has announced the voting results of its adjourned 25th Annual General Meeting (AGM) held on March 17, 2025. The meeting was conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM) in compliance with relevant provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Overview of the AGM and Voting Results

The AGM commenced at 01:00 PM and concluded at 02:15 PM with the participation of shareholders through video conferencing. The agenda included consideration and adoption of the audited standalone and consolidated financial statements for the financial year ending March 31, 2024, along with the Reports of the Resolution Professional and Auditors.

The voting process was conducted via remote e-voting facilitated by the Instavote platform, with the voting period starting from March 6, 2025, at 09:00 AM and ending on March 9, 2025, at 05:00 PM. Additionally, shareholders who did not vote earlier were provided the opportunity to cast their votes electronically during the AGM.

Scrutinizer's Report and Key Findings

The Scrutinizer's Report, prepared by Dhruti Satia & Co., was issued on March 18, 2025. Dhruti Satia, a qualified Company Secretary (CS) with membership number 45096, was appointed as the Scrutinizer by the Board during its meeting on February 12, 2025.

The voting results confirmed that the resolution to adopt the financial statements was passed with an overwhelming majority of 99.9999% in favor. Out of a total of 85,768,064 shares, 9,506,002 votes were cast, representing 11.08% of the total outstanding shares.

Detailed Voting Statistics

• Promoter and Promoter Group: Voted via poll with 9,489,240 votes in favor, achieving 100% approval.
• Public Institutions: No votes were cast.
• Public Non-Institutions: Cast 16,762 votes, with 99.97% votes in favor and a negligible 0.03% against.

Confirmation of Resolution Passing

The resolution to adopt the audited financial statements for FY 2023-24 was successfully passed. The Scrutinizer's Report was duly signed and submitted to the company by Dhruti Satia with UDIN A045096F004115723.

Adjourned AGM and CIRP Status

This AGM was adjourned from an earlier date and conducted under the supervision of Gajesh Labhchand Jain, the Resolution Professional (RP) appointed by the Hon’ble NCLT vide order dated April 29, 2024, received on May 9, 2024. As per the regulations of the Insolvency and Bankruptcy Code (IBC), 2016, the affairs of the company are being managed by the RP.

Important Dates and Details

• Record Date: March 3, 2025
• Total Shareholders on Record Date: 35,421
• Voting Method: Remote e-voting and voting during AGM
• Number of Resolutions Passed: 1

Compliance with SEBI and IBC Guidelines

Compuage Infocom ensured that the entire process complied with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014. The details of the voting results and the Scrutinizer's Report have been made available on the company’s website, www.compuageindia.com, as per regulatory norms.

Resolution Professional's Role

Gajesh Labhchand Jain is overseeing the management and operations of the company under CIRP. His registered address with IBBI is D-501, Clifton Society, Raviraj Oberoi Marg, Shastri Nagar, Andheri (West), Mumbai – 400053. The correspondence address for project-specific matters is C-602, Remi Biz Court, Off Veera Desai Road, Azad Nagar, Andheri (West), Mumbai – 400053.

Summary of the Scrutinizer's Certification

• Number of Members Voted: 17
• Total Votes Cast: 9,506,002
• Votes in Favor: 9,505,997 (99.9999%)
• Votes Against: 5 (0.0001%)
• Invalid Votes: None

Future Course of Action

With the successful passage of the resolution, Compuage Infocom Limited is expected to proceed with the necessary filings and compliance formalities as part of its CIRP process. Shareholders and stakeholders can expect continued updates on the progress of the resolution plan and further steps taken to ensure compliance with statutory requirements.

Conclusion

The adjourned 25th AGM of Compuage Infocom Limited concluded successfully with majority approval of the financial statements and related reports. The voting results and Scrutinizer's Report validate the transparency and compliance maintained throughout the process, ensuring that the interests of shareholders are upheld during the ongoing Corporate Insolvency Resolution Process.

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