Announced Wed, 1 Jul · 12:48 IST
Board approves 8x hike in authorized capital to Rs 100 crore
Corporate Actions View source PDF
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AI summary
Clio Infotech's board approved raising authorized share capital from Rs 12 crore (1.2 crore equity shares of Rs 10 each) to Rs 100 crore (10 crore shares of Rs 10 each), subject to shareholder approval. An EGM is scheduled for July 24, 2026 via video conferencing. The disclosure annexure references a preferential issue, indicating the enlarged capital headroom is likely to accommodate a private placement to select investors.
Likely market impact
Potential dilution risk if new shares are issued. Key event is the EGM vote on July 24, 2026.