Print Media
Board Meeting3 April 2026 at 02:00 pm

Citizen Infoline Ltd. Approves Share Allotment Post Scheme of Amalgamation

AI Summary

The Board Meeting of Citizen Infoline Ltd. held on April 03, 2026 approved the allotment of shares pursuant to the Scheme of Amalgamation with Citizen Solar Private Limited. The company's name will be changed to Citizen Solar Limited. The record date for determining eligible shareholders is fixed as March 31, 2026. The authorized share capital will increase to INR 155,00,00,000 divided into 1,55,00,000 equity shares of INR 10 each. 86,46,000 shares will be allotted to eligible equity shareholders of the transferor company.

Key Highlights

  • Approval of share allotment pursuant to Scheme of Amalgamation
  • Change of company name to Citizen Solar Limited
  • Fixing of record date as March 31, 2026
  • Increase in authorized share capital to INR 155,00,00,000
  • Allotment of 86,46,000 shares to eligible equity shareholders of the transferor company