Change of Name of of Company due to amalgamation of the Company as per NCLT order dated 19th March 2026.
Awaiting price reaction for this filing.
Citizen Infoline Limited has officially changed its name to Citizen Solar Limited following the sanctioning of a Scheme of Amalgamation by the NCLT Ahmedabad Bench. The Registrar of Companies issued a fresh Certificate of Incorporation on May 4, 2026, formalising the change. The company's CIN class has shifted from 67120 (financial activities) to 31100 (electricity generation), indicating a fundamental shift in business focus from financial intermediation to solar energy. The company will display both the old and new names for two years as required by law, and the change does not alter any existing shareholder rights or liabilities.
This amalgamation signals a complete business transformation from financial services to solar energy. Existing shareholders now hold equity in a company with a fundamentally different core business and risk profile. The NCLT sanction means this is a binding restructuring with no reversal possible.