Kindly find the enclosed disclosure for the appointment and resignation of the director.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Clio Infotech Ltd's board, at its meeting on February 24, 2026, approved the appointment of Mr. Ashwini Kumar Pareek (DIN: 11551819) as an Additional Non-Executive Director and Chairman, up to the next general meeting. His background spans research, business analytics, data analysis, and generative AI solutions. In the same meeting, the board accepted the resignation of Mr. Sujal Amrutbhai Koshti (DIN: 10649068) as Non-Executive Non-Independent Director, effective the same day, citing personal reasons and preoccupations. The Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee were reconstituted, with Mr. Pareek replacing Mr. Koshti in all three. The meeting lasted 30 minutes (1:30 PM to 2:00 PM), and the filing is signed by Managing Director Nikita Tiwadi.
This is a routine board-level reshuffle with a like-for-like replacement on all three committees, so it is unlikely to materially affect operations or shareholder value. Shareholders may want to watch for any further disclosures on the new Chairman's plans or strategic direction.