Board Meeting4 Nov 2026, 09:12 pm
Clio Infotech Board Approves Merger Scheme
AI Summary
Clio Infotech Ltd announced the outcome of its Board of Directors meeting held on November 4, 2026. The board approved and adopted the standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2026, along with the Auditors' Limited Review Report. Additionally, the board considered and approved a Scheme of Amalgamation for the merger of Webclues Infotech Private Limited (WIPL) and Codezeros Technology Private Limited (CTPL) into Clio Infotech Limited. The merger is subject to necessary statutory and regulatory approvals. The share exchange ratio for the merger is based on a valuation report dated November 4, 2026.
Key Highlights
- Board approved unaudited financial results for Q2 FY27.
- Scheme of Amalgamation for merger with WIPL and CTPL approved.
- Merger aims to consolidate businesses and create a stronger tech platform.
- Share exchange ratio determined by a valuation report.
- Scheme requires regulatory and shareholder approvals.
Price Impact
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