Clio Infotech Board Approves Merger with Webclues & Codezeros

Clio Infotech Ltd's Board of Directors has approved a scheme of amalgamation and merger with Webclues Infotech Private Limited (WIPL) and Codezeros Technology Private Limited (CTPL). The merger, by absorption into Clio Infotech, aims to consolidate businesses, enhance operational efficiencies, and strengthen market presence. Upon effectiveness, Clio Infotech will issue equity shares to the shareholders of WIPL and CTPL based on a pre-defined share exchange ratio, determined by a valuation report and fairness opinion. The company also approved its standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2026. The scheme is subject to necessary statutory and regulatory approvals, including from the Stock Exchange, SEBI, shareholders, creditors, and the National Company Law Tribunal.