Book Closure for Shaeholder Meeting to be held on 03.09.2025
Awaiting price reaction for this filing.
Citizen Infoline Ltd has fixed August 28, 2025 as the cut-off date and closed its Register of Members and Share Transfer Books from August 29 to September 3, 2025 for a meeting of equity shareholders. The meeting, scheduled for September 3, 2025 via video conferencing, is being held to consider and approve a Scheme of Arrangement between Citizen Solar Private Limited (Transferor Company) and Citizen Infoline Limited (Transferee Company). The convening of the meeting follows an order dated July 21, 2025 passed by the NCLT Ahmedabad Bench. Remote e-voting for the meeting will run from August 31 to September 2, 2025.
This is a procedural step towards the proposed merger/amalgamation of Citizen Solar into Citizen Infoline, but the share swap ratio and other key scheme terms are not disclosed in this filing; investors should watch for the next announcement detailing the scheme terms before the September 3 meeting.