Withdrawal of the earlier Proposal of the increase in Authorized Share Capital of the Company subject to the approval of the Members
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Clio Infotech Ltd's board, at its meeting on 28th October 2025, has decided to withdraw a previously approved proposal to increase the company's Authorized Share Capital. The proposal, originally approved at the 33rd AGM on 12th September 2025, would have raised the capital from Rs. 12 Crore to Rs. 100 Crore (increasing shares from 1.2 crore to 10 crore). The board cited adequate existing capital and cost considerations for reversing the decision. Additionally, the board approved the shifting of the registered office from Mumbai, Maharashtra to Ahmedabad, Gujarat, subject to shareholder and regulatory approvals. A postal ballot notice was issued and a scrutinizer appointed for related shareholder approvals.
Neutral for shareholders — the company is choosing not to expand its capital base, which avoids potential future dilution but may signal limited near-term fundraising plans. The registered office relocation from Mumbai to Ahmedabad could indicate a shift in operational focus or cost optimization.