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Merger28 May 2026, 11:23 pm

Citizen Solar (fka Infoline) board changes post-merger

AI Summary

Citizen Solar Limited (formerly Citizen Infoline Limited) announced that its Board of Directors, at a meeting held on May 28, 2025, approved several key matters. These include the audited standalone financial results and statements for the quarter and financial year ended March 31, 2026. The Board also noted the resignation of Mr. Ravindra Jain as a Director and approved the appointment of five new directors: Mr. Tansukhraj Ilchand Jain, Mr. Harsh Omprakash Jain, Mr. Hitesh Kumar Jivanlal Parmar, Mr. Sagar Tansukhraj Jain, and Mr. Vikas Agrawal, effective May 28, 2025. Additionally, the Board reconstituted various committees and appointed M/s. R J & Associates as Cost Auditor for FY 2025-26 and 2026-27, a decision consequent to the amalgamation of Citizen Solar Private Limited into Citizen Infoline Limited. These changes give effect to the amalgamation.

Key Highlights

  • Board approved Q4 and FY26 audited financial results.
  • Mr. Ravindra Jain resigned as a Director.
  • Five new directors appointed to the Board.
  • Board committees were reconstituted.
  • Cost auditor appointed due to amalgamation.