Citizen Infoline Ltd: Belated Disclosure of Promoter Share Transfer

Citizen Infoline Ltd (now Citizen Solar Limited) has filed a belated report regarding an inter-se transfer of 6,00,000 equity shares among promoter group members on January 9, 2017. The transfer, a gift between Mr. Dhanpatraj Lalchand Jain and Mrs. Sangita Dhanpatraj Jain to Mr. Harsh Omprakash Jain, was exempt from open offer under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing acknowledges a significant delay, with the report submitted on June 11, 2026, instead of the statutory deadline of January 13, 2017. 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.