Clio Infotech Board Approves Allotment of Convertible Warrants
Clio Infotech Ltd's Board of Directors conducted a meeting on Wednesday, April 8, 2026, where several key business decisions were considered and approved. The Board addressed the allotment of convertible warrants, ratification of previous resolutions, and proposed alterations to the objects of a preferential issue.The company approved the allotment of 6,52,50,000 Convertible Warrants to warrant holders. Each warrant entitles the holder to the option to convert and get allotted one Equity share of face value of Re. 10.00 each, fully paid-up. These warrants can be exercised within eighteen months from the date of allotment. The allotment was made for cash consideration to persons or entities belonging to the 'Non-Promoter' category on a preferential basis.
The conversion of each warrant into an Equity Share of the Company carries a requirement that 75% of the Issue price per Warrant must be paid before the option to convert the warrants into Equity Shares is exercised.
The Board's decisions also included:
- The ratification of the Resolution of Issue of Warrants convertible into Equity shares to 'Non-promoter' category on a preferential basis, which had been passed by the Shareholders at the Annual General Meeting held on September 12, 2025, owing to the re-computation of the price of the Equity shares to be issued upon conversion of warrants.
- Approval for the alteration in the objects of the preferential issue of warrants for which the funds were raised, subject to subsequent shareholder approval.
The new Equity shares issued under this arrangement will rank pari-passu with the existing Equity shares of the Company.
Allotment Details for Convertible Warrants
The allotment of the Convertible Warrants to the non-promoter category investors was detailed as follows:| Sr. No. | Name of the Allottee(s) | No. of Convertible Warrants allotted | Consideration (Amount in Rs.) |
|---|---|---|---|
| 1 | Global Focus Fund | 2,17,50,000 | 5,43,75,000 |
| 2 | AIO Growth Capital Fund SPC | 2,17,50,000 | 5,43,75,000 |
| 3 | Wave Capital Limited | 2,17,50,000 | 5,43,75,000 |
The Board meeting commenced at 4:30 P.M. and concluded at 5:00 P.M.
Stock Price Movement
At the close of trade on Wednesday, Clio Infotech Ltd settled at ₹5.44, dropping 3.72% for the day. The shares fluctuated considerably throughout the session, marking a trading range between a low of ₹5.41 and a high of ₹5.92.Source:
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