Citizen Infoline Reports Strong Q1 Growth, Schedules AGM and EGM for Amalgamation Scheme

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.

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 has announced a significant board meeting scheduled for July 28, 2025, with multiple important agenda items. This meeting comes in the wake of recent developments regarding the company's proposed merger with Citizen Solar Private Limited.

Board Meeting Agenda

Financial Results: The board will consider and approve the unaudited financial results for the quarter ended June 30, 2025, covering both standalone and consolidated financials.
Annual General Meeting: A decision will be made on the date and time for the Annual General Meeting for the financial year 2024-25.
NCLT Order on Amalgamation: The board will take note of and ensure compliance with the National Company Law Tribunal (NCLT) order regarding the amalgamation with Citizen Solar Private Limited.

Recent NCLT Developments

The NCLT, Ahmedabad Bench, has recently admitted a joint application (Company Application No. CA(CAA)54/(AHM)/2025) for the Scheme of Amalgamation between Citizen Solar Private Limited (Transferor Company) and Citizen Infoline Limited (Transferee Company). Key points include:

Dispensation of meetings for Citizen Solar Private Limited's equity shareholders and creditors.
Direction for Citizen Infoline Limited to convene a meeting of its equity shareholders within 45 days via video conferencing.
Orders for issuing notices to regulatory authorities and publishing advertisements in English and vernacular newspapers.

Omprakash Jain, Managing Director of Citizen Infoline Limited, clarified that this NCLT order is for admission and directions, not the final sanction of the scheme.

Trading Window Closure

In compliance with SEBI regulations, Citizen Infoline Limited has implemented a trading window closure for its equity shares from July 1, 2025. The trading window will reopen 48 hours after the results of the July 28 meeting are made public.

Investors and stakeholders should closely monitor these developments, particularly the outcomes of the upcoming board meeting and further progress on the proposed amalgamation with Citizen Solar Private Limited.