Citizen Infoline has secured listing and trading approval from BSE Limited for 86,46,000 equity shares of ₹10 each, marking a key step in its corporate restructuring. The new shares, issued pursuant to the Scheme of Amalgamation of Citizen Solar Private Limited (Transferor Company) with Citizen Solar Limited (Transferee Company), will begin trading on Wednesday, August 12, 2026. This development enables shareholders of the transferor company to participate in the open market, providing liquidity to the securities issued under the merger framework.

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE Limited issued Notice No. 20260811-24 on August 11, 2026, confirming that the securities are listed and permitted for trading effective from August 12, 2026. The allotment of these shares was completed earlier on April 3, 2026. The new equity shares rank pari-passu with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders.

Share Details

The amalgamation scheme consolidates the operations of Citizen Solar Private Limited into Citizen Solar Limited, formerly known as Citizen Infoline Limited. The issuance of these shares represents the consideration paid to the shareholders of the transferor company as part of the merger process. By listing these shares, the company ensures compliance with regulatory requirements regarding the timely listing of securities issued through corporate actions.

What the Numbers Show

The issuance of 86.46 lakh shares significantly expands the company’s public shareholding base. With a face value of ₹10 per share, the total nominal value of the newly listed securities stands at ₹8.65 crore. The distinctive numbers for these shares range from 5397301 to 14043300, allowing for precise tracking of the allotment. The pari-passu ranking ensures that these new shares carry the same voting rights and dividend entitlements as the pre-existing shares, maintaining equity among all stakeholders post-amalgamation. This structural change is pivotal for the company’s future capital raising activities and corporate governance framework.

Citizen Infoline Limited has announced its unaudited financial results for the year ended September 30, 2025, revealing a loss before tax of Rs 0.61 lakhs. The company's Board of Directors approved these results at their meeting held on November 12, 2025.

Financial Performance

The company reported total income of Rs 1.34 lakhs and total expenses of Rs 1.95 lakhs for the period. Despite the loss, Citizen Infoline's financial position shows some positive indicators:

The significant increase in cash and cash equivalents from Rs 2.58 lakhs to Rs 177.54 lakhs indicates improved liquidity for the company.

Amalgamation Scheme

In a significant development, the Board of Directors has approved a scheme of amalgamation with Citizen Solar Private Limited. This strategic move is subject to approval by the National Company Law Tribunal and other relevant authorities. The scheme, if approved, will take effect from April 1, 2023.

Audit Opinion

The statutory auditors, M/s. Krutesh Patel & Associates, Chartered Accountants, have issued an unmodified opinion on the financial results for the year ended September 30, 2025. This indicates that the auditors found no significant issues or discrepancies in the company's financial reporting.

Regulatory Compliance

The financial results have been prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act 2013, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015. The company has adhered to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and stakeholders should note that these are unaudited results and may be subject to changes upon completion of the audit process. The proposed amalgamation, if approved, could significantly impact the company's future financial structure and operations.