Clio Infotech has approved an investment of approximately ₹87 crore in Clio Tech Limited, a newly incorporated entity based in Seychelles, to expand its presence in the IT services sector. The Board of Directors approved the proposal on June 29, 2026, allowing the company to subscribe to 100% of the equity shares of the target entity. The transaction will be conducted at arm's length and does not involve the promoter or promoter group.

The investment will be made through cash consideration. As of the approval date, the company has invested Rs 21,43,28,550 towards the allotment of 22,30,000 equity shares. The balance investment is scheduled to be completed in one or more tranches within 12 months, subject to statutory and regulatory approvals.

Clio Tech Limited was incorporated on March 16, 2026, and is currently in the initial stages of its business operations. As the entity is recently formed, it has not yet commenced significant commercial operations and consequently reported no turnover for the preceding three financial years. The investee company aims to engage in software designing, development, and dealing in corporate software and IT-related services.

Investment Details

The following table summarises the key parameters of the approved investment:

The Board meeting, which commenced at 5:15 PM and concluded at 5:45 PM on June 29, 2026, was chaired to deliberate on this strategic expansion. No governmental or regulatory approvals are required for this acquisition, as per the disclosure submitted to the stock exchanges.

Clio Infotech Limited secured shareholder approval for the issuance of warrants convertible into equity shares and an increase in limits under Section 186 of the Companies Act, 2013. The resolutions were passed through a remote e-voting process which concluded on June 12, 2026. The approvals enable the company to proceed with a preferential allotment and adjust its investment limits as required by corporate law.

The postal ballot process was overseen by Shubhangi Agarwal, a Practicing Company Secretary appointed as the Scrutinizer. The e-voting facility was provided by the National Securities Depository Limited (NSDL), with voting commencing on May 14, 2026. A total of 757,934 votes were polled, representing 6.88% of the company's outstanding shares held by public non-institutional shareholders.

Voting Results

Both special resolutions received overwhelming support from the public non-institutional shareholders, who were the only participants in the voting process. Promoters and public institutions did not cast any votes during the ballot.

Key Resolutions

The first resolution authorized the issuance of warrants convertible into equity shares through a preferential allotment on a private placement basis. The second resolution sought approval to increase the limit under Section 186 of the Companies Act, 2013, which governs loans and investments by the company.

The Scrutinizer's report confirmed that no related parties voted on the resolutions, in compliance with Regulation 23(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed voting results and scrutinizer's report have been hosted on the company's website.