BSEClio Infotech LtdHighNegative
Announced Tue, 24 Feb · 14:20 IST

Please find the attached disclosure for the resignation of the Director.

Management Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

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AI summary

Clio Infotech Limited announced board changes following a meeting held on February 24, 2026. Mr. Sujal Amrutbhai Koshti resigned as Non-Executive Non-Independent Director due to personal reasons and preoccupations, also stepping down from the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees. To fill the vacancy, Mr. Ashwini Kumar Pareek was appointed as Additional Director (Non-Executive) and Chairman, until the next general meeting. Mr. Pareek's profile highlights experience in research, business analytics, project management, data analysis, and generative AI solutions. All three board committees were reconstituted with Mr. Pareek replacing Mr. Koshti as member.

Likely market impact

Routine board reshuffle at a small-cap company with no change in executive leadership (Managing Director Nikita Tiwadi remains). The simultaneous replacement on all committees suggests an orderly transition, unlikely to materially affect shareholders or stock price.