Clio Infotech's board has approved significant strategic moves.

The company plans to increase its authorized share capital from ₹12 Cr to ₹100 Cr, enabling future growth initiatives.

Additionally, it will raise up to ₹87 Cr through a preferential issue of 8.7 Cr convertible warrants at ₹10 each to four non-promoter public investors.

These warrants can be converted into equity shares within 18 months.

These actions, aimed at bolstering the company's financial position and modernizing governance, are subject to shareholder approval at the upcoming Annual General Meeting.

This capital infusion can fuel business expansion.