Clio Infotech Seeks Shareholder Approval to Boost Authorized Capital to ₹100 Cr
Clio Infotech Ltd announced a significant increase in its authorized share capital, subject to shareholder approval. The company's board, in a meeting held on July 1, 2026, approved raising the authorized capital from ₹12 crore to ₹100 crore. This increase will be achieved by expanding the number of equity shares from 1.2 crore to 10 crore, each with a face value of ₹10. The proposed increase ranks pari passu with existing equity shares. An Extra Ordinary General Meeting (EGM) is scheduled for July 24, 2026, to obtain member approval. Ms. Shubhangi Agarwal has been appointed as the scrutinizer for the EGM voting process. The company also referenced disclosures related to a Preferential Issue in Annexure-A, adhering to SEBI regulations.
Key Highlights
- Authorized capital to increase from ₹12 Cr to ₹100 Cr.
- Shareholder approval required via EGM on July 24, 2026.
- Increase involves issuing 10 Cr equity shares of ₹10 each.
- Board meeting held on July 1, 2026, approved the proposal.
- Disclosure related to Preferential Issue attached.
Price Impact
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