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Clio Infotech Ltd has sent out a Postal Ballot Notice (dated April 14, 2025) to shareholders for four special resolutions to be voted on electronically from April 16, 2025 to May 15, 2025. Item 1 seeks approval to appoint Mr. Amit Radheshyam Tiwari (DIN: 11030622) as a Non-Executive Independent Director for 5 years. Item 2 seeks approval to appoint Mr. Ankit Kumar Yadav (DIN: 11032299) as a Non-Executive Independent Director for 5 years. Item 3 proposes adding new business objects covering software development, IT services, electronics manufacturing, and data center operations to the company's main objects clause in the Memorandum of Association. Item 4 seeks approval to adopt a new Memorandum of Association aligned with Table A of Schedule I of the Companies Act, 2013. The cut-off date for eligibility to vote is April 11, 2025, and results will be declared on or before May 17, 2025. Ms. Shubhangi Agarwal has been appointed as the scrutinizer for the voting process.
Shareholders with shares as of the April 11, 2025 cut-off date should review and vote on these resolutions, especially the appointment of two independent directors and the significant expansion of business scope into IT, software, and electronics. The change in main objects signals the company's intent to diversify beyond its current operations, which could reshape its future business direction.