COMPINFO - Compuage Info.
📢 Recent Corporate Announcements
Compuage Infocom Limited has scheduled its 26th Annual General Meeting (AGM) for March 17, 2026, to be conducted via video conferencing. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) as per an NCLT order dated April 29, 2024. This announcement specifically addresses shareholders with unregistered email addresses, providing them with access to the Annual Report for the Financial Year 2024-25. The company's operations and assets continue to be managed by the Resolution Professional, Gajesh Labhchand Jain.
- 26th Annual General Meeting scheduled for March 17, 2026, at 12:30 PM IST
- Company has been under Corporate Insolvency Resolution Process (CIRP) since April 29, 2024
- Annual Report for FY 2024-25 is now available for shareholder review via the company website
- Mandatory KYC update reminder issued for shareholders holding physical securities as per SEBI norms
Compuage Infocom Limited has scheduled its 26th Annual General Meeting (AGM) for March 17, 2026, to be conducted via video conferencing. The agenda includes the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025. The company is also seeking approval to appoint M/s. Dhruti Satia & Co. as Secretarial Auditors for a five-year term. Notably, the company remains under the Corporate Insolvency Resolution Process (CIRP) as per the NCLT order dated April 29, 2024.
- 26th AGM to be held on March 17, 2026, at 12:30 PM IST through electronic mode.
- Adoption of Audited Financial Statements for FY 2024-25 is a primary agenda item.
- Proposed appointment of M/s. Dhruti Satia & Co. as Secretarial Auditor for the period 2025-26 to 2029-30.
- Cut-off date for e-voting eligibility is March 10, 2026, with the voting window open from March 13 to March 16.
- Company operations and assets continue to be managed by Resolution Professional Gajesh Labhchand Jain under CIRP.
Compuage Infocom, currently under the Corporate Insolvency Resolution Process (CIRP), has announced the outcomes of its 23rd Committee of Creditors (COC) meeting. The COC has approved settlement proposals with 12 different debtors and the closure of legal proceedings against three entities following the full recovery of dues. Additionally, the committee authorized the appointment of statutory and tax auditors for FY 2025-26 and the audit of the company's Singapore branch. These steps indicate active efforts by the Resolution Professional to recover assets and maintain regulatory compliance during the insolvency phase.
- Approved settlement proposals with 12 debtors including Green Powers, Thrust Systems, and Traconmobi Solutions.
- Closed legal proceedings against 3 entities (Weartech Engineers, Vision Infotech, and Galaxy Computech) after full satisfaction of dues.
- Appointed Statutory and Tax Auditors for FY 2025-26 and auditors for the Singapore branch.
- Authorized payment of BSE Annual Listing Fees for FY 2025-26 and publication of AGM notice for FY 2024-25.
- Approved administrative expenses including insurance renewals for 3 residential flats and salary increments for essential staff.
Compuage Infocom Limited has filed its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations for the quarter ended December 31, 2025. The Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirmed that no requests for dematerialization or rematerialization were received during this period. The company remains under the Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated April 29, 2024. Consequently, the company's affairs and assets continue to be managed by the Resolution Professional, Gajesh Labhchand Jain.
- Quarterly compliance certificate submitted for the period ending December 31, 2025
- Registrar confirmed zero requests for dematerialization or rematerialization during the quarter
- Company continues to operate under Corporate Insolvency Resolution Process (CIRP) since April 2024
- Affairs are managed by Resolution Professional Gajesh Labhchand Jain under NCLT supervision
Compuage Infocom Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), has scheduled its 22nd Committee of Creditors (CoC) meeting for January 13, 2026. The company has been under the management of a Resolution Professional since the NCLT order dated April 29, 2024. This meeting is a critical step in the ongoing insolvency proceedings to determine the future of the company's debt and operations. Equity shareholders remain at high risk as the resolution process prioritizes creditor recoveries.
- 22nd meeting of the Committee of Creditors (CoC) scheduled for January 13, 2026, at 3:00 PM
- Company has been under Corporate Insolvency Resolution Process (CIRP) since April 29, 2024
- Affairs and assets are currently managed by Resolution Professional Gajesh Labhchand Jain
- Disclosure made in compliance with Regulation 30 and Schedule III of SEBI LODR Regulations
Financial Performance
Revenue Growth by Segment
Revenue from operations grew 15% YoY to INR 3,350.5 Cr in 9MFY23, driven by the IT Consumer, IT Enterprise, and Mobility segments. However, by the quarter ended September 30, 2025, revenue significantly declined to INR 593.18 Cr (reported as 59,318.50 Lakhs) due to operational disruptions from the insolvency process.
Geographic Revenue Split
The company operates across India with a presence in 600+ cities as of FY22, with a medium-term strategic goal to expand this footprint to 1,000+ cities to capture underserved Tier II and Tier III markets.
Profitability Margins
Gross Profit Margin remained stable at 4.7% in 9MFY23 compared to 4.7% in 9MFY22. Net Profit Margin was thin at 0.7% for 9MFY23, reflecting the high-volume, low-margin nature of IT distribution.
EBITDA Margin
EBITDA Margin was 2.7% for 9MFY23, a slight improvement from 2.7% in 9MFY22. Absolute EBITDA grew 17% YoY to INR 91.6 Cr during the same period.
Capital Expenditure
Not explicitly disclosed in available documents, though the company focused on 'Version 2.0' strategic shifts rather than heavy industrial capex.
Credit Rating & Borrowing
Total borrowings stood at INR 498.4 Cr as of September 2022 (INR 41.5 Cr non-current and INR 456.9 Cr current). Finance costs rose 7% YoY to INR 57.7 Cr in 9MFY23, indicating high leverage and an implied interest rate of approximately 15-16%.
Operational Drivers
Raw Materials
IT Hardware (Laptops/Desktops), Enterprise Software, Mobility Products (Smartphones), and Cloud/Cybersecurity solutions, which collectively represent approximately 95.5% of total revenue (Cost of Goods Sold).
Import Sources
Sourced from Global Brands; while specific countries are not listed, the portfolio includes 'Multi Global Brands' typically headquartered in the USA, China, and Taiwan.
Key Suppliers
The company acts as a distributor for 'Multi Global Brands' in the IT and Mobility sectors, though specific brand names like HP or Dell are not explicitly listed in the provided text.
Capacity Expansion
Distribution capacity was 12,000+ channel partners in 600+ cities as of FY22, with a target to expand to 20,000+ partners and 1,000+ cities.
Raw Material Costs
Cost of Goods Sold was INR 3,197.1 Cr in 9MFY23, representing 95.4% of total income, highlighting the company's sensitivity to procurement pricing and vendor terms.
Manufacturing Efficiency
Not applicable as the company is a distribution intermediary; efficiency is measured by partner penetration and city reach.
Logistics & Distribution
Other expenses (including logistics) were INR 41.1 Cr in 9MFY23, representing approximately 1.2% of total revenue.
Strategic Growth
Expected Growth Rate
18%
Growth Strategy
The 'Version 2.0' strategy aimed to achieve a US$1 billion revenue target by shifting from a sole IT Consumer distributor to a multi-brand IT Enterprise and Mobility distributor, focusing on EBITDA-accretive products and expanding the partner network by 66% to 20,000 partners.
Products & Services
IT Consumer products, IT Enterprise solutions, Mobility products, Cloud computing services, Cybersecurity software, and Physical Safety/Security hardware.
Brand Portfolio
The company manages a portfolio of 'Multi Global Brands' across IT and Mobility sectors.
New Products/Services
Expansion into Cloud and Cybersecurity was expected to drive higher margins, though specific revenue contribution percentages for new launches were not finalized before the insolvency.
Market Expansion
Targeting penetration into 1,000+ cities, specifically focusing on Tier II and Tier III underserved geographies.
Strategic Alliances
Maintains alliances with 12,000+ channel partners who serve as the link to end customers.
External Factors
Industry Trends
The industry is shifting from pure hardware distribution to integrated 'Hardware + Services' models, including Cloud and Enterprise solutions, where Compuage was attempting to position itself.
Competitive Landscape
Operates in a highly competitive IT distribution market with low barriers to entry for large-scale players but high working capital requirements.
Competitive Moat
The primary moat was a massive distribution network of 12,000+ partners across 600 cities; however, this moat is currently compromised by the insolvency process and lack of vendor support.
Macro Economic Sensitivity
Highly sensitive to corporate IT spending and consumer electronics demand, which are influenced by GDP growth and interest rate cycles.
Consumer Behavior
Increasing demand for mobility and cloud-based enterprise solutions over traditional desktop hardware.
Geopolitical Risks
Supply chain disruptions in global IT hardware manufacturing hubs could adversely affect product availability and margins.
Regulatory & Governance
Industry Regulations
Subject to the Insolvency and Bankruptcy Code (IBC) 2016 since November 2, 2023. The company failed to comply with SEBI LODR regulations, including filing FY24 financials and Corporate Governance reports.
Taxation Policy Impact
Effective tax rate was approximately 27% based on 9MFY23 figures (INR 8.5 Cr tax on INR 31.6 Cr PBT).
Legal Contingencies
The company is under Corporate Insolvency Resolution Process (CIRP) managed by Resolution Professional Mr. Gajesh Labhchand Jain. Auditors issued a 'Disclaimer of Opinion' for FY24 due to insufficient audit evidence and missing financial records.
Risk Analysis
Key Uncertainties
The primary uncertainty is the 'Material Uncertainty related to Going Concern' due to the ongoing CIRP, suspended board of directors, and severe liquidity crunch.
Geographic Concentration Risk
Concentrated in the Indian market, though diversified across 600+ cities.
Third Party Dependencies
Critical dependency on global IT vendors for product supply and financial lenders for working capital; lack of support from these parties led to the current insolvency.
Technology Obsolescence Risk
High risk of inventory obsolescence if IT products are not moved quickly, given the rapid pace of technological change in consumer electronics.
Credit & Counterparty Risk
The company faces risks from its 12,000+ channel partners' ability to pay, especially during the liquidity crisis which disrupted the normal credit cycle.