Citizen Infoline Limited Schedules EGM for Merger Approval, Reports Q1 Profit Growth

Citizen Infoline Limited has announced significant corporate developments, including a proposed merger and its latest financial results, as disclosed in a regulatory filing on July 28, 2025.

Merger Proposal and EGM

The company's Board of Directors has approved convening an Extraordinary General Meeting (EGM) on September 3, 2025, to seek shareholder approval for a proposed amalgamation with Citizen Solar Private Limited. This follows an order dated July 21, 2025, from the National Company Law Tribunal (NCLT), Ahmedabad Bench.

Key details of the EGM:

Date: September 3, 2025
Time: 12:00 PM
Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
E-voting Period: August 31, 2025 (11:00 AM) to September 2, 2025 (5:00 PM)
Cut-off Date for E-voting Eligibility: August 28, 2025

Q1 FY2026 Financial Performance

Citizen Infoline Limited has reported a substantial increase in both revenue and profitability for the first quarter ended June 30, 2025:

Particulars (₹ in Lakhs)	Q1 FY2026	Q1 FY2025	YoY Change
Revenue from Operations	134.57	78.82	+70.7%
Total Income	134.57	87.51	+53.8%
Total Expenses	132.04	86.70	+52.3%
Profit Before Tax	2.53	0.81	+212.3%
Profit After Tax	2.53	0.81	+212.3%
EPS (Basic & Diluted)	0.05	0.02	+150.0%

The company's revenue from operations saw a significant year-on-year growth of 70.7%, rising from ₹78.82 lakhs in Q1 FY2025 to ₹134.57 lakhs in Q1 FY2026. This growth was primarily driven by increased sales, as reflected in the higher purchase of stock-in-trade.

Profit after tax more than tripled, increasing from ₹0.81 lakhs in Q1 FY2025 to ₹2.53 lakhs in Q1 FY2026, representing a 212.3% year-on-year growth. This improvement in profitability was achieved despite a 52.3% increase in total expenses, indicating enhanced operational efficiency.

Annual General Meeting

The Board has also approved the convening of the Annual General Meeting (AGM) for the financial year 2024-25:

Date: September 12, 2025
Time: 12:00 Noon
Mode: Video Conferencing/OAVM

Management Commentary

Omprakash Jain, Managing Director of Citizen Infoline Limited, stated, "Our first quarter results demonstrate strong growth in both revenue and profitability. We are also excited about the proposed merger with Citizen Solar Private Limited, which we believe will create significant synergies and value for our shareholders. We look forward to presenting this opportunity to our shareholders at the upcoming EGM."

Investors and shareholders are advised to review the detailed EGM notice and participate in the voting process to make informed decisions regarding the proposed amalgamation. The company will provide further updates as the merger process progresses.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.98%	+8.17%	+42.47%	+714.63%	+535.56%	+11,955.80%

Citizen Infoline Limited , a single-segment business entity, has announced its unaudited financial results for the first quarter. The company has reported significant growth in both revenue and profitability, alongside important corporate developments.

Financial Highlights

The company's financial performance for Q1 shows remarkable improvement compared to the same period last year:

Particulars (in Rs. lakhs)	Q1	Q1 (Previous Year)	YoY Change
Revenue from Operations	134.57	78.82	70.73%
Total Income	134.57	87.51	53.78%
Profit After Tax	2.53	0.81	212.35%

Citizen Infoline's revenue from operations saw a substantial increase of 70.73%, rising to Rs 134.57 lakhs from Rs 78.82 lakhs in the corresponding quarter of the previous year. This growth in operational revenue contributed to a 53.78% increase in total income, which stood at Rs 134.57 lakhs compared to Rs 87.51 lakhs year-on-year.

The company's profitability also showed significant improvement. Profit after tax for Q1 more than tripled to Rs 2.53 lakhs, up from Rs 0.81 lakhs in the same quarter last year, representing a remarkable 212.35% increase.

Corporate Developments

Annual General Meeting

The Board of Directors has approved the convening of the Annual General Meeting (AGM) for the financial year 2024-25. The AGM is scheduled for September 12, 2025, and will be held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

Amalgamation Scheme and Extraordinary General Meeting

Citizen Infoline Limited has received an order dated July 21, 2025, from the National Company Law Tribunal (NCLT), Ahmedabad Bench, regarding the proposed scheme of amalgamation between Citizen Infoline Limited and Citizen Solar Private Limited.

In compliance with the NCLT's directions, the Board has approved the convening of an Extraordinary General Meeting (EGM) to consider and approve the proposed amalgamation scheme. The EGM details are as follows:

Date: September 3, 2025
Time: 12:00 PM
Mode: Electronic mode via CDSL e-voting and VC/OAVM platform

The e-voting period for the EGM will run from August 31, 2025 (11:00 AM) to September 2, 2025 (5:00 PM), with the cut-off date for e-voting eligibility set as August 28, 2025.

Company Overview

Citizen Infoline Limited operates as a single-segment business with a paid-up equity share capital of Rs 539.73 lakhs.

As Citizen Infoline Limited moves forward with its growth trajectory and corporate restructuring plans, shareholders and market observers will be keenly watching the outcomes of the upcoming AGM and EGM, as well as the potential impact of the proposed amalgamation on the company's future performance.