1. Audited Standalone Financial Results of the Company for the quarter and financial year ended 31st March 2026. 2. Took note of the Audit Report issued by the Statutory Auditors on the ....
Awaiting price reaction for this filing.
Citizen Solar Limited reported strong FY2026 results with revenue of Rs 310.92 crore, up 67% from Rs 185.69 crore in FY2025. Profit after tax grew 93% to Rs 22.43 crore versus Rs 11.63 crore in the prior year. EPS improved to Rs 15.91 from Rs 8.29. The company received an unmodified (clean) audit opinion from statutory auditors Krutesh Patel & Associates. The Board also noted the NCLT-approved amalgamation of Citizen Solar Private Limited into the company with appointed date April 1, 2023, requiring restatement of prior periods. Five new directors were appointed subject to shareholder approval, while Mr. Ravindra Jain resigned. Related party transactions were disclosed including loans to directors and transactions with Technotrends Marketing Private Limited.
Strong financial growth with near-doubling of profits is positive for shareholders. The clean audit and restatement of prior periods due to amalgamation provides transparency. Related party disclosures with significant director loans warrant monitoring.