Change in MOA and AOA of the Company
Price
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Clio Infotech's board approved increasing the company's Authorised Share Capital from ₹12 crore to ₹100 crore (split into 10 crore equity shares of ₹10 each) and adopting a new set of Articles of Association. The board also cleared a Preferential Issue of 8.7 crore Convertible Warrants at ₹10 per warrant, raising up to ₹87 crore, to be allotted to 4 non-promoter, public category investors — Global Focus Fund, AIO Growth Capital Fund SPC, Wave Capital Limited, and Falcon Peak Fund (CEIC) LTD. Each investor will hold about 22.19% of the company post-allotment (assuming full conversion), and warrants must be exercised within 18 months. Shareholder approval will be sought at the AGM scheduled for 5 September 2025.
The preferential issue, if fully converted, will more than double the existing equity base, leading to significant dilution for current shareholders. However, it brings in fresh capital of up to ₹87 crore from institutional investors, which could fund future business expansion (purpose of funds not disclosed). The stock may see short-term pressure from dilution concerns but the entry of large institutional investors is a positive structural signal.