Citizen Infoline News

Citizen Infoline holds 32nd AGM, approves board appointments

Citizen Infoline Limited held its 32nd Annual General Meeting on September 21, 2026. Shareholders approved the adoption of financial statements and the appointment of several directors.

Citizen Infoline Limited Reports Unaudited Financial Results for Year Ended September 30, 2025

Citizen Infoline Limited announced its unaudited financial results for the year ended September 30, 2025. The company reported total income of Rs 1.34 lakhs and total expenses of Rs 1.95 lakhs, resulting in a loss before tax of Rs 0.61 lakhs. The company's total assets stood at Rs 713.26 lakhs as of September 30, 2025, compared to Rs 464.28 lakhs as of March 31, 2025. Cash and cash equivalents increased significantly to Rs 177.54 lakhs from Rs 2.58 lakhs. The Board of Directors approved these results at their meeting held on November 12, 2025. The statutory auditors issued an unmodified opinion on the financial results. Additionally, the Board has approved a scheme of amalgamation with Citizen Solar Private Limited, which is subject to approval by the National Company Law Tribunal and other authorities, with an effective date from April 1, 2023 if approved.

Citizen Infoline Limited Schedules Shareholder Meeting for Amalgamation with Citizen Solar Private Limited

Citizen Infoline Limited has scheduled an equity shareholders meeting for September 3, 2025, to approve a proposed scheme of amalgamation with Citizen Solar Private Limited. The meeting will be conducted through video conferencing at 12:00 PM IST. Under the proposed scheme, shareholders of Citizen Solar Private Limited will receive 11 equity shares of Citizen Infoline Limited for every 1 share held. The amalgamation will result in promoter shareholding increasing from 34.77% to 53.49%, while public shareholding will decrease from 65.23% to 46.51%. The appointed date for the scheme is April 1, 2023, with the effective date being when the NCLT order is filed with the Registrar of Companies. Remote e-voting will be available from August 31 to September 2, 2025, with the cut-off date set as August 28, 2025.