Appointment of Secretarial Auditor of the Company
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Clio Infotech's board, at its May 27, 2025 meeting, approved the audited financial results for Q4 and FY ended March 31, 2025, with statutory auditor KPSJ & Associates LLP issuing an unmodified (clean) opinion. For FY25, the company reported total income of Rs 29.77 lakhs (down from Rs 31.28 lakhs last year) but net profit rose sharply to Rs 5.71 lakhs from Rs 1.99 lakhs, with EPS at Rs 0.05. The board also appointed Ms Shubhangi Agarwal, a practicing company secretary based in Ahmedabad, as the new Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), pending shareholder approval at the 33rd AGM. The filing notes that the company became RBI-registrable under Section 45-IA in the prior year, but management is still scouting for a suitable business opportunity, with idle funds currently parked in interest-bearing assets. Total assets stood at Rs 1,689.86 lakhs with cash and equivalents declining to Rs 44.04 lakhs from Rs 68.38 lakhs.
This is a routine governance and results update with a clean audit opinion, generally positive for shareholder confidence. However, Clio Infotech remains a very small company with limited active operations, so the appointment of a secretarial auditor and continued search for a business opportunity are the only material forward-looking signals.