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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Clio Infotech Ltd

Clio Infotech Board Approves Merger with Webclues and Codezeros

M&A ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 04 Nov 2026, 09:31 PM IST  ·  BSE ID: b3c43251-ccab-4da6-bd7a-c5d56f1a79fb
View Original BSE Filing (PDF)
💡
In Simple Terms
Clio Infotech's board approved merging with Webclues and Codezeros, exchanging shares to combine their IT businesses.
🤖 AI Summary
  • Clio Infotech Board approved a Scheme of Amalgamation with Webclues Infotech Private Limited and Codezeros Technology Private Limited.
  • The Scheme involves Clio Infotech issuing 7,044 equity shares to Webclues shareholders and 8,159 equity shares to Codezeros shareholders.
  • The merger rationale includes business consolidation, operational efficiencies, and enhanced market presence in technology services.
  • The amalgamation requires statutory and regulatory approvals, including from stock exchanges, SEBI, shareholders, creditors, and NCLT.
  • As of September 30, 2026, the merging entities had combined net assets of 71.88 Crore and turnover of 19.32 Crore.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Clio Infotech Net Asset (As on Sep 30, 2026)
66.72 Crore
Webclues Infotech Net Asset (As on Sep 30, 2026)
1.73 Crore
Codezeros Technology Net Asset (As on Sep 30, 2026)
3.43 Crore
Clio Infotech Turnover (As on Sep 30, 2026)
1.79 Crore
Webclues Infotech Turnover (As on Sep 30, 2026)
8.54 Crore
Codezeros Technology Turnover (As on Sep 30, 2026)
8.99 Crore
Equity Shares Issued to WIPL Shareholders
7,044 shares
Equity Shares Issued to CTPL Shareholders
8,159 shares
🏢 How This Affects the Company
📈
Business Impact
The merger consolidates the businesses of Clio Infotech, Webclues Infotech Private Limited, and Codezeros Technology Private Limited, creating an integrated technology and software services platform. This aims to strengthen market presence and pursue future growth opportunities more effectively by combining their IT consulting and software development operations.
💰
Financial Impact
The amalgamation will involve Clio Infotech issuing new equity shares to shareholders of Webclues and Codezeros, which will alter its equity base. The combined entity will integrate net assets and turnover from all three companies, totaling 71.88 Crore in net assets and 19.32 Crore in turnover as of September 30, 2026.
⚙️
Operational Impact
The scheme targets achieving operational efficiencies, economies of scale, and optimization of administrative and operational costs through unified management and infrastructure. This includes pooling technical capabilities, skilled manpower, and financial resources.
⚠️
Risk Impact
The Scheme is subject to numerous statutory and regulatory approvals from various authorities, including stock exchanges, SEBI, shareholders, creditors, and the NCLT. Delays or rejections in obtaining these approvals pose a risk to the completion of the merger.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are not required to take immediate action, as the Scheme is subject to various statutory and regulatory approvals.
👤
Who Is Affected
Existing shareholders of Clio Infotech will experience dilution as 7,044 new equity shares are issued to Webclues shareholders and 8,159 shares to Codezeros shareholders upon scheme effectiveness.
🔍
Management Signal
The decision indicates management's intent to consolidate and expand its technology and software services business through inorganic growth and rationalization of group structure.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Approval from Stock Exchanges and SEBI — check for official confirmation.
Shareholder and Creditor approval votes — observe outcomes of their meetings.
National Company Law Tribunal (NCLT) sanction — monitor for final legal clearance.
MEDIUM RISK Merger is subject to multiple regulatory approvals, posing execution risk and potential delays.
💡 Investor Takeaway
Clio Infotech's board approved a merger with Webclues Infotech and Codezeros Technology, issuing 7,044 new equity shares to Webclues shareholders and 8,159 to Codezeros shareholders. The combined entity reported net assets of 71.88 Crore and turnover of 19.32 Crore as of September 30, 2026, subject to regulatory approvals.
⚖️ Strengths & Concerns

✅ Positives

  • Consolidation aims for operational efficiencies, economies of scale, and optimization of administrative costs through unified management and infrastructure.
  • Merger combines technical capabilities, skilled manpower, and financial resources from three entities, with combined net assets of 71.88 Crore and turnover of 19.32 Crore as of September 30, 2026.

⚠️ Concerns

  • The Scheme is contingent on obtaining multiple statutory and regulatory approvals, including from stock exchanges, SEBI, shareholders, creditors, and the NCLT.
  • Net assets of Clio Infotech as of September 30, 2026, were 66.72 Crore, with Webclues and Codezeros having significantly lower net assets of 1.73 Crore and 3.43 Crore, respectively.
❓ Frequently Asked Questions
What is the key decision made by Clio Infotech's Board on November 4, 2026?
Clio Infotech's Board approved a Scheme of Amalgamation with Webclues Infotech Private Limited and Codezeros Technology Private Limited on November 4, 2026.
How many new shares will Clio Infotech issue for the merger?
Clio Infotech will issue 7,044 fully paid-up equity shares of INR 10 each to Webclues Infotech Private Limited shareholders and 8,159 fully paid-up equity shares of INR 10 each to Codezeros Technology Private Limited shareholders.
What are the combined net assets of the merging entities as of September 30, 2026?
As of September 30, 2026, the combined net assets of Clio Infotech, Webclues Infotech, and Codezeros Technology are 71.88 Crore (66.72 Crore + 1.73 Crore + 3.43 Crore).
What is the primary business area of the entities involved in the merger?
All three companies — Clio Infotech, Webclues Infotech, and Codezeros Technology — are engaged in IT consulting and the business of developing, designing, programming, and supporting computer software, mobile applications, and web-based platforms.
What regulatory approvals are required for the merger to be effective?
The merger requires necessary statutory and regulatory approvals from the Stock Exchange, Securities and Exchange Board of India (SEBI), respective shareholders and creditors, and the jurisdictional National Company Law Tribunal (NCLT).

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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