We enclosed the notice of the Extra -Ordinary General Meeting of the company to be held on 14th May,2026 at 12:00 PM
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Clio Infotech Ltd has convened an EGM on 14th May 2026 at 12:00 PM via VC/OAVM to seek shareholder approval for three key matters. The main agenda is a Special Resolution for issuance of up to 6.525 crore warrants convertible into equity shares at INR 10 per share, raising approximately INR 65.25 crore from three non-promoter entities: Global Focus Fund, AIO Growth Capital Fund SPC, and Wave Capital Limited (each receiving 2.175 crore warrants worth INR 21.75 crore). The warrants require 25% payment at allotment and can be converted within 18 months. Item 2 seeks approval to alter the objects of this preferential issue to include investment in the company's subsidiary for business expansion. Item 3 proposes regularising Mr. Ashwini Kumar Pareek as a Non-Executive Non-Independent Director, effective from his appointment on 24th February 2026. Remote e-voting will be open from 11th to 13th May 2026.
If approved, this will result in significant potential share dilution of approximately 6.5 crore shares, diluting existing shareholders. The INR 65.25 crore capital raise from external funds indicates institutional confidence but will reduce promoter stake. The new subsidiary investment object signals potential business expansion or diversification strategy.