Shifting of the Registered office of the company from one state to another state proposed by the board of directors of the company in their board meeting subject to the approval of the ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Clio Infotech's board, at its meeting on 28 October 2025, approved shifting the company's registered office from Mumbai (Maharashtra) to Ahmedabad (Gujarat), subject to shareholder and regulatory approvals. In the same meeting, the board decided to cancel and withdraw a previously approved proposal to hike the 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 shareholders had cleared at the 33rd AGM on 12 September 2025. The company cited adequate existing capital and cost considerations as the reason for not proceeding with the capital hike, so the authorised share capital will continue to remain at Rs. 12 crore. The board also approved a postal ballot notice and appointed a scrutinizer, likely to seek shareholders' approval for the office relocation.
Shareholders will shortly receive a postal ballot to vote on the inter-state registered office shift, which requires their approval. The withdrawal of the earlier Rs. 88 crore authorised capital expansion plan removes any expectation of a large equity dilution in the near term, signalling that the company currently sees no fundraising need.