Clio Infotech FY26 Revenue Surges to ₹284.47 Lakh

Key Quantitative Figures

• Revenue from Operations: ₹284.47 lakh (FY 2025-26) vs. ₹14.61 lakh (FY 2024-25)
• Other Income: ₹16.17 lakh (FY 2025-26) vs. ₹15.17 lakh (FY 2024-25)
• Total Revenue: ₹300.63 lakh (FY 2025-26) vs. ₹29.77 lakh (FY 2024-25)
• Operating & Administrative Expenses: ₹228.19 lakh (FY 2025-26) vs. ₹21.70 lakh (FY 2024-25)
• Depreciation & Amortization: ₹0.55 lakh (FY 2025-26) vs. ₹0 lakh (FY 2024-25)
• Profit Before Tax (PBT): ₹72.44 lakh (FY 2025-26) vs. ₹8.07 lakh (FY 2024-25)
• Provision for Tax: ₹6.20 lakh (FY 2025-26) vs. ₹2.37 lakh (FY 2024-25)
• Profit After Tax (PAT): ₹66.24 lakh (FY 2025-26) vs. ₹5.70 lakh (FY 2024-25)
• Total Comprehensive Income: ₹66.10 lakh (FY 2025-26) vs. ₹5.36 lakh (FY 2024-25)
• Paid-up Share Capital: ₹11,01,09,500 (1,10,10,950 Equity Shares of ₹10 each fully paid up). Unchanged during the year.
• Earnings Per Share (EPS): Basic & Diluted EPS of ₹0.60 (FY 2025-26) vs. ₹0.05 (FY 2024-25)
• Application Money Pending Allotment: ₹543.75 lakh received for Preferential Issue of Convertible Warrants (allotment pending in subsequent year).
• Proposed Dividend: Nil

Dates of Action

• Book Closure Date: 19.09.2026 to 26.09.2026 (both days inclusive)
• 34th AGM Date: 26.09.2026 at 12:00 P.M.
• AGM Mode: Through Video Conferencing/Other Audio Visual Means (VC/OAVM)
• Remote E-voting Period: Commences 23.09.2026 (9:00 AM) to 25.09.2026 (5:00 PM)
• Cut-off Date for E-voting: 19.09.2026
• Registered Office Shift Effective: 16.03.2026 (from Mumbai to Ahmedabad)

Parties Involved

• Stock Exchange: BSE Limited
• Statutory Auditors: M/s. KPSJ & ASSOCIATES LLP, Chartered Accountants (FRN: 124845W)
• Internal Auditor: M/s Mohitkumar Agarwal & Co
• Secretarial Auditor: M/s Shubhangi Agarwal, Company Secretary
• Registrar & Transfer Agent (RTA): Skyline Financial Services Private Limited
• Principal Banker: YES BANK LTD., Naroda Ahmedabad Branch
• Scrutinizer for E-voting: CS Shubhangi Agarwal

Board of Directors & Key Managerial Personnel (KMP) - Changes during FY 2025-26

Resignations:

• Mr. Sujal Amrutbhai Koshti (Non-Executive Director) - w.e.f. 24.02.2026
• Mr. Lokesh M Jain (Independent Director) - w.e.f. 24.04.2025
• Ms. Nayana Nitesh Madata (Independent Director) - w.e.f. 24.04.2025

Appointments:

• Mr. Amit Radheshyam Tiwari (Additional Independent Director) - w.e.f. 14.04.2025, regularized w.e.f. 15.05.2025 via postal ballot
• Mr. Ankit Kumar Yadav (Additional Independent Director) - w.e.f. 14.04.2025, regularized w.e.f. 15.05.2025 via postal ballot
• Mr. Ashwini Kumar Pareek (Additional Non-Executive Director) - w.e.f. 24.02.2026, to be regularized in EOGM w.e.f. 14.05.2026
• Mr. Pranav Jayvadan Joshi (Chief Financial Officer) - w.e.f. 14.11.2024

Current Board & KMP (as on 31.03.2026):

• Ms. Nikita Tiwadi (Managing Director, DIN: 10646772)
• Mr. Amit Radheshyam Tiwari (Independent Director)
• Mr. Ankit Kumar Yadav (Independent Director)
• Mr. Ashwini Kumar Pareek (Non-Executive Director)
• Mr. Pranav Jayvadan Joshi (Chief Financial Officer)
• Mr. Jeegneshkumar Kalyanbhai Devganiya (Company Secretary & Compliance Officer)

Board Meetings: 11 meetings held during the year.

Business to be Transacted at 34th AGM

Ordinary Business:

1. To adopt the audited financial statements for FY ended 31.03.2026 and reports of Board and Auditors.

2. To re-appoint Ms. Nikita Tiwadi (DIN: 10646772) as Executive Director, liable to retire by rotation.

Special Business:

3. To approve payment of remuneration to Mr. Ashwini Kumar Pareek (DIN: 11551819), Non-Executive Director and Chairman, for FY 2026-27, not exceeding ₹20,00,000 aggregate, plus sitting fees and expense reimbursements.

Financial Impact & Rationale for Special Business

• The proposed remuneration for Mr. Ashwini Kumar Pareek is for his services as Non-Executive Director and Chairman.
• The amount is within the limits prescribed under Sections 197 and 198 read with Schedule V of the Companies Act, 2013.
• In case of inadequate profits, the payment will be subject to the conditions and limits of Schedule V.
• Financial impact is quantified as a maximum outflow of ₹20 lakh.

Corporate Governance & Committee Composition

All committees (Audit, Nomination & Remuneration, Stakeholders Relationship) were reconstituted during the year due to director changes. The final composition as of year-end is:

• Audit Committee: Mr. Amit Radheshyam Tiwari (Chairperson), Mr. Ankit Kumar Yadav (Member), Mr. Ashwini Kumar Pareek (Member)
• Nomination & Remuneration Committee: Mr. Amit Radheshyam Tiwari (Chairperson), Mr. Ankit Kumar Yadav (Member), Mr. Ashwini Kumar Pareek (Member)
• Stakeholders Relationship Committee: Mr. Amit Radheshyam Tiwari (Chairperson), Mr. Ankit Kumar Yadav (Member), Mr. Ashwini Kumar Pareek (Member)

Registered Office Change

The Registered Office was shifted from Room No 3 & 5, Sheth Lalji Dayalji Building, Kalbadevi, Mumbai, Maharashtra, 400002 to Shop - A414, The Capital Science City Road, Sola, Ahmedabad, Gujarat, 380060, effective 16th March 2026. Shareholder approval for the state change (Maharashtra to Gujarat) was obtained on 27th November 2025.

Capital Structure Impact

• No change in authorized or paid-up share capital during the year.
• The company received ₹543.75 lakh as application money for a Preferential Issue of Convertible Warrants. The allotment is pending and will be completed in the subsequent year, which will impact the share capital upon conversion.
• No shares were bought back, and no ESOP scheme is in place.

Cash Flow Implications

• Net Cash generated by operating activities: ₹249.33 lakh
• Net Cash used in investing activities: (₹2.22) lakh
• Net Cash from financing activities: ₹543.75 lakh (from proceeds of application money for warrants)
• Net increase in cash and cash equivalents: ₹790.86 lakh
• Cash and cash equivalents at year-end: ₹573.07 lakh (vs. ₹44.04 lakh previous year)

Auditor's Remarks

The Statutory Auditors, M/s. KPSJ & ASSOCIATES LLP, issued an unmodified audit report with no qualifications, reservations, or adverse remarks.

Other Material Disclosures

• Related Party Transactions: The company stated there were no material related party transactions during the year.
• Loans & Investments: Details are provided in the financial statements. Loans given amounted to ₹1,046.44 lakh (Non-Current).
• Subsidiaries/JVs/Associates: The company does not have any subsidiaries, associates, or joint ventures.
• Risk Management: The company has a risk management framework, but is not required to frame a mandatory Risk Management Policy as it is not in the top 1000 listed companies.
• Vigil Mechanism/Whistle Blower Policy: In place and uploaded on the company website.
• CSR: Not applicable to the company.
• Sexual Harassment: No complaints were received during the year.
• Insider Trading: Code of Conduct is in place.