Shifting of Register Office of the Company from one state to another and to cancel and withdraw the earlier proposal for increase in Authorised Share Capital of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Clio Infotech approved shifting the company's registered office from Mumbai, Maharashtra to Ahmedabad, Gujarat, subject to shareholder and regulatory approvals. It also decided to cancel and withdraw the earlier proposal to increase authorised share capital from Rs. 12 crore (1.2 crore equity shares of Rs. 10 each) to Rs. 100 crore (10 crore equity shares of Rs. 10 each), which had been approved at the 33rd AGM on 12 September 2025. The company cited adequate existing capital and cost considerations as the reason. The authorised capital will continue at Rs. 12 crore. A postal ballot notice was issued and a scrutinizer was appointed to oversee the process.
The office relocation is an administrative step with no direct financial impact. Scrapping the authorised capital hike suggests the company sees no near-term need to raise fresh equity, which removes the possibility of a future large dilution event but may limit future fundraising flexibility.