Appointment of Mr. Amit Radheshyam Tiwari and Mr. Ankit Kumar Yadav as an additional Non-Executive Independent Director of the Company.
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Clio Infotech Ltd's board, at its meeting on April 14, 2025, appointed Mr. Amit Radheshyam Tiwari (DIN: 11030622) and Mr. Ankit Kumar Yadav (DIN: 11032299) as Additional Non-Executive Independent Directors for a 5-year term, subject to shareholder approval. Following these appointments, the company fully reconstituted all three board committees — Audit, Nomination & Remuneration, and Stakeholders Relationship — with the new independent directors taking over the chairperson and member roles previously held by Mr. Lokesh M Jain and Ms. Nayana Nitesh Madata, who are no longer on any committee. The board also approved amending the main objects clause of its Memorandum of Association to add IT, software development, web services, data centres, and electronics businesses, and adopted a new MOA aligned with the Companies Act, 2013. Both appointments and the MOA changes are subject to shareholder and regulatory approvals.
This is a routine governance update with no immediate financial impact, but the shift toward IT/software in the main objects clause signals the company may be repositioning its business focus. Shareholders should watch for the upcoming shareholder meeting to approve these appointments and MOA changes.