
Shareholding12 Jun 2026, 12:21 pm
Harsh Jain Files Belated Disclosure for Citizen Solar Share Transfer
AI Summary
Citizen Infoline Ltd (now Citizen Solar Limited) has filed a belated disclosure regarding an inter-se transfer of 6,00,000 equity shares within the promoter group. Mr. Harsh Omprakash Jain acquired these shares from Mr. Dhanpatraj Lalchand Jain and Mrs. Sangita Dhanpatraj Jain via gift deeds on January 9, 2017. The filing under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, was due by January 13, 2017, but was submitted on June 11, 2026. The delay is attributed to inadequate compliance infrastructure at the time and is being addressed due to ongoing regulatory engagement with SEBI concerning FY 2016-17 promoter transactions.
Key Highlights
- Belated disclosure filed for promoter group share transfer of 6,00,000 shares.
- Acquisition by Harsh Omprakash Jain from Dhanpatraj Jain and Sangita Jain.
- Transaction occurred via gift deeds on January 9, 2017.
- Filing deadline missed; report submitted over 5 years late.
- Delay attributed to compliance infrastructure issues and SEBI review.
Price Impact
More from CIL