Combined Voting result of 33rd adjourned AGM of the company
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Clio Infotech Ltd's 33rd Adjourned AGM was held on September 12, 2025, via video conferencing from 11:00 AM to 11:39 AM. All six resolutions were passed with overwhelming shareholder approval, with each receiving over 99.95% votes in favor. The resolutions covered: adoption of FY25 audited financial statements, re-appointment of Ms. Nikita Tiwadi as director, appointment of Ms. Shubhangi Agarwal as secretarial auditor, increase in authorised share capital, adoption of revised Articles of Association, and issuance of convertible warrants via preferential allotment. Only about 9.14% of outstanding shares were voted (1,006,367 out of 11,010,950), with the promoter group (holding 0 shares) not participating and only 8 public shareholders attending the meeting virtually.
The approval to increase authorised share capital and issue warrants on a preferential/private placement basis is significant — it gives the company flexibility to raise fresh capital, which could lead to dilution for existing shareholders. Shareholders should watch for the terms of the upcoming warrant allotment. The very low voting turnout and absence of promoter group voting is noteworthy, though all resolutions sailed through comfortably.