Corrigendum to Notice of the 33rd AGM
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Awaiting price reaction for this filing.
Clio Infotech has issued a corrigendum to its 33rd AGM notice originally sent on 13th August 2025. The AGM is scheduled for 5th September 2025 at 11:00 am via video conference to transact 4 special businesses and 2 ordinary businesses. The corrigendum corrects inadvertent errors and typing mistakes in Item No. 6 and 7 of the Explanatory Statement related to the purposes and objects of a preferential allotment. As per the corrected details, the company plans to raise INR 87 crore, with INR 21.75 crore for general corporate purposes and INR 62.25 crore for business expansion and working capital. Funds will come in tranches via warrant conversion, to be utilized within 18 months. All other terms of the original AGM notice remain unchanged.
This is an administrative correction with no change to the business to be transacted at the AGM, so impact on the stock is minimal. However, shareholders should review the corrected INR 87 crore preferential allotment details before voting, as approval will lead to equity dilution through warrant conversion.