Board Meeting1 Jul 2026, 12:43 pm
Clio Infotech Board Approves 8x Authorized Share Capital Increase
AI Summary
Clio Infotech Ltd's Board of Directors, in a meeting held on July 1, 2026, has approved a significant increase in the company's authorized share capital. The capital will be raised from ₹12 crore to ₹100 crore, representing an eight-fold jump. This move is subject to shareholder approval and will be discussed at an Extra-Ordinary General Meeting (EGM) scheduled for July 24, 2026. Ms. Shubhangi Agarwal has been appointed as the scrutinizer for the EGM voting process. The company also referenced disclosures related to a preferential issue.
Key Highlights
- Authorized share capital increased from ₹12 Cr to ₹100 Cr.
- Increase requires shareholder approval at EGM on July 24, 2026.
- Board meeting held on July 1, 2026, discussed the proposal.
- Scrutinizer appointed for EGM voting process.
- Disclosure related to preferential issue also made.
Price Impact
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