Clio Infotech's board has significantly increased its authorized share capital from ₹12 Cr to ₹100 Cr, enabling future capital deployment.

Concurrently, the company approved raising up to ₹87 Cr via a preferential issue of 8.7 crore convertible warrants at ₹10 each to four non-promoter public investors.

These warrants are convertible into equity shares within 18 months, providing a substantial capital infusion for business expansion.

The company will also revise its Articles of Association to align with business needs.

These key proposals will be presented for shareholder approval at the Annual General Meeting on September 05.