Announced Wed, 1 Jul · 14:32 IST
EGM on July 24 to raise authorised share capital to Rs 100 crore
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+10.1%1-day move
₹8.34
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.1+15.5+21.2+27.2+33.6+47.1+45.7———
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AI summary
Clio Infotech has called an EGM on Friday, July 24, 2026 at 12:00 PM via video conferencing. Shareholders will vote on increasing authorised share capital from Rs 12 crore (1.2 crore equity shares of Rs 10) to Rs 100 crore (10 crore equity shares of Rs 10). The purpose is to accommodate a planned preferential issue of shares. Remote e-voting runs from July 21 to July 23, 2026; cut-off date is July 17, 2026. Result to be declared by July 27, 2026.
Likely market impact
Higher authorised capital allows the company to issue more shares via preferential allotment, which may lead to dilution for existing shareholders.