Citizen Infoline Ltd

Citizen Solar Limited (formerly Citizen Infoline Limited) has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut effective from July 1, 2026, and will remain closed until 48 hours after the declaration of the audited financial results for the quarter and financial year ended June 30, 2026. The exact date of the board meeting to consider these results will be communicated later. Insiders are advised against trading in the company's securities during this period.

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.

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.

Citizen Solar Limited's Board of Directors convened on May 28, 2025, to approve several key matters. Mr. Ravindra Jain resigned from his directorship, effective May 29, 2026, while retaining his position as CFO. The Board approved the audited standalone financial results and statements for the quarter and financial year ended March 31, 2026, noting an unmodified audit opinion. Additionally, five new directors were appointed, effective May 28, 2025, and various Board Committees were reconstituted. M/s. R J & Associates was also appointed as the Cost Auditor for FY 2025-26 and 2026-27.

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.

Citizen Solar Limited announced its audited standalone financial results for the quarter and financial year ended March 31, 2026. For Q4 FY26, the company reported a net profit of ₹14.02 Crores (₹1401.71 Lakhs) on revenue from operations of ₹109.77 Crores (₹10976.91 Lakhs), with a basic EPS of ₹9.96. For the full financial year 2025-26, the company achieved a net profit of ₹22.43 Crores (₹2242.70 Lakhs) and revenue from operations of ₹310.92 Crores (₹31092.20 Lakhs). The full-year basic EPS was ₹15.96. The Board of Directors approved these results on May 28, 2026, along with related party transactions and an unmodified audit opinion.

The Board of Directors of 538786 approved the Audited Standalone Financial Results for the quarter and financial year ended March 31, 2026. They also noted the Statutory Auditors' report with an unmodified opinion. Key decisions included the resignation of Mr. Ravindra Jain as Director and the appointment of five new Directors: Mr. Tansukhraj Ilchand Jain, Mr. Harsh Omprakash Jain, Mr. Hitesh Kumar Jivanlal Pannar, Mr. Sagar Tansukhraj Jain, and Mr. Vikas Agrawal. Additionally, the Board reconstituted various committees and appointed M/s. R J & Associates as Cost Auditor for FY2025-26 and FY2026-27.

Citizen Infoline Ltd has scheduled a Board of Directors meeting on May 28, 2026, to consider and approve the audited standalone financial results for the quarter and financial year ended March 31, 2026. The meeting will also address the audit report, declaration regarding the audit report, impact of audit qualifications, changes in management and board composition due to the amalgamation of Citizen Solar Private Limited, reconstitution of board committees, and appointment of a cost auditor.

Citizen Infoline Ltd. has officially changed its name to Citizen Solar Limited, with the Registrar of Companies issuing a fresh Certificate of Incorporation on May 10, 2026. This change follows the Scheme of Amalgamation sanctioned by the National Company Law Tribunal (NCLT). The company's sector has also been updated to Renewable Energy, reflecting its focus on solar energy systems and related activities. The Board of Directors approved the name change on April 3, 2026.

Citizen Infoline Ltd. has officially changed its name to Citizen Solar Limited following the approval of the Scheme of Amalgamation by the National Company Law Tribunal (NCLT), Ahmedabad Bench, dated March 19, 2026. The Registrar of Companies approved the name change, effective from the date of the fresh Certificate of Incorporation issued on May 4, 2026. The company's CIN is L31100GJ1994PLC023561. The company is required to display its old name alongside the new name for two years.