Notice of the Postal Ballot
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 has issued a Postal Ballot Notice dated October 28, 2025, seeking shareholder approval through remote e-voting on two special business items. Item 1 proposes shifting the company's registered office from Mumbai, Maharashtra to Ahmedabad, Gujarat, citing better administrative convenience, optimum resource use, and reduced expenses since the company hardly operates in Maharashtra beyond its registered office. Item 2 proposes cancelling and withdrawing the earlier approval (from the 33rd AGM on September 21, 2025) to increase authorised share capital from Rs. 12 crore to Rs. 100 crore, citing 'adequate existing capital and cost considerations.' The e-voting window runs from October 29, 2025 (9:00 AM) to November 27, 2025 (5:00 PM), with results expected by November 29, 2025, conducted via NSDL. The cut-off date for eligibility is October 24, 2025.
For shareholders, the office relocation is largely administrative with no direct financial impact, while the withdrawal of the authorised capital hike removes a previously approved capacity to issue up to 9 crore additional shares, meaning no near-term dilution risk from that earlier plan. Both items require special resolution approval, so shareholder votes matter.