Citizen Solar MD, chairman, board of directors and AGM

BSE: 538786Electrical EquipmentSmall Cap

₹151.35₹3.10 (2.01%)

Share price at the BSE close on 23 Oct 2026. Previous close ₹154.45.

52-week range of traded prices to 23 Oct 2026

₹149.00Low, 23 Oct 2026₹318.45High, 27 Jul 2026

Next results date: the board meets on 2 Nov 2026 to consider: quarterly results.

Market cap: ₹213 Cr2,673rd largest listed
P/E: Earlier quarters restated in the year
P/B: Mergernew accounts awaited
Dividend yield: Nonein the last 12 months
Volume, BSE: 553

Citizen Solar board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

Chairperson and managing directorOMPRAKASH LALCHAND JAINRelated to the promoter

8 directors4 independent4 executive

OMPRAKASH LALCHAND JAIN · Chairperson and managing directorExecutive · joined Nov 1994 · 380 months as independent · 1 listed board · 2 committee seats
CHIRAG HEMENDRAKUMAR JIRAWALAIndependent · joined Jul 2025 · 12 months as independent · 1 listed board · 1 as independent · 1 committee seat
ASHADEVI NATHMAL GOGADIndependent · joined Jul 2025 · 12 months as independent · 1 listed board · 1 as independent
HARSH OMPRAKASH JAINExecutive · joined May 2026 · 2 months as independent · 1 listed board
TANSUKHRAJ LALCHAND JAINExecutive · joined May 2026 · 2 months as independent · 1 listed board · 1 committee seat
SAGAR TANSUKHRAJ JAINExecutive · joined May 2026 · 2 months as independent · 1 listed board
HARESHKUMAR JIVANLAL PARMARIndependent · joined May 2026 · 2 months as independent · 1 listed board · 1 as independent
VIKASH MADANLAL AGRAWALIndependent · joined May 2026 · 2 months as independent · 1 listed board · 1 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left

RAVINDRA OMPRAKASH JAIN, left 28 May 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

Board
- 28 May 20269 of 9 present4 independent · 54 days in between
- 3 Apr 20264 of 4 present2 independent · 22 days in between
- 11 Mar 20264 of 4 present2 independent · 32 days in between
- 6 Feb 20264 of 4 present2 independent
Audit Committee
Chair HARESHKUMAR JIVANLAL PARMAR
VIKASH MADANLAL AGRAWAL, OMPRAKASH LALCHAND JAIN
- 28 May 20263 of 3 present2 independent · 110 days in between
- 6 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair VIKASH MADANLAL AGRAWAL
HARESHKUAR JIVANLAL PARMAR, OMPRAKASH LALCHAND JAIN
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair HARESHKUMAR JIVANLAL PARMAR
VIKASH MADANLAL AGRAWAL, CHIRAG HEMENDRAKUMAR JIRAWALA, OMPRAKASH LALCHAND JAIN, TANSUKHRAJ LALCHAND JAIN
No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

KRUTESH PATEL & ASSOCIATESPeer-review certificate valid to Aug 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Citizen Solar AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Citizen Solar share news and announcements

Annual general meeting, 21 Sep 2026

6,481 shareholders on the register on 14 Sep 2026; present: 6 promoters and 51 others; votes counted by JOLLY KRUTESH PATEL / JOLLY KRUTESH PATEL.The company's voting result (opens in a new tab)

To receive, consider and adopt the Audited Balance Sheet as at 31st March 2026, the Statement of Profit and Loss, Cash Flow Statement and Statement of Changes in Equity along with the Notes thereto for the financial year ended on that date, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
Appointment of Mr. Haresh Kumar Jivanlal Parmar (DIN: 01955268) as an Independent Director.
Special
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
Appointment of Mr. Vikash Madanlal Agrawal (DIN: 11763805) as an Independent Director
Special
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
Appointment of Mr. Harsh Omprakash Jain (DIN: 00269655) as Whole-Time Director.
SpecialPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
Appointment of Mr. Tansukhraj Lalchand Jain (DIN: 00171418) as Whole-Time Director.
SpecialPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
Appointment of Mr. Sagar Tansukhraj Jain (DIN: 08829186) as Whole-Time Director.
SpecialPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
Approval of re-appointment of Mr. Omprakash Lalchand Jain (DIN: 00171365) as Managing Director.
SpecialPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%
Ratification of remuneration payable to the Cost Auditor for the Financial Year 2026-27.
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Dealings with its subsidiaries, promoters, directors and their firms, reported every half-year.Promoters and their stake

Half-year to Mar 2026: ₹13.7 Cr24 dealings

Between	Dealing
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and Technotrends Marketing Private LimitedCompany in which CMP is Interested	Loan	5.00	2.18	1.69	0.67
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and Technotrends Marketing Private LimitedCompany in which CMP is Interested	Sale of goods or services	5.00	1.69	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and Technotrends Marketing Private LimitedCompany in which CMP is Interested	Purchase of goods or services	6.00	1.39	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and TANSUKHRAJ JAINBrother of Director	Dividend paid	1.50	1.24	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and OMPRAKASH LALCHAND JAINDirector	Loan	5.00	1.05	0.00	1.05
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and HARSH OMPRAKASH JAINSon of Director	Dividend paid	1.00	0.63	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and SANGITADEVI TANSUKHRAJ JAINDIRECTOR'S BROTHER'S WIFE	Dividend paid	0.75	0.59	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and OMPRAKASH LALCHAND JAINDirector	Dividend paid	0.75	0.57	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and RAVINDRA OMPRAKASH JAINDirector	Dividend paid	0.75	0.56	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and HARSH OMPRAKASH JAINSon of Director	Loan	5.00	0.53	0.00	0.50
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and TANSUKHRAJ JAINBrother of Director	Loan	5.00	0.50	0.00	0.35
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and SAGAR TANSUKHRAJ JAINNEPHEW OF DIRECTOR	Dividend paid	0.50	0.48	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and HARSH OMPRAKASH JAINSon of Director	Remuneration	0.60	0.42	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and TANSUKHRAJ JAINBrother of Director	Remuneration	0.60	0.42	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and RAVINDRA OMPRAKASH JAINDirector	Remuneration	0.50	0.35	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and RAVINDRA OMPRAKASH JAINDirector	Loan	5.00	0.32	0.00	0.32
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and OMPRAKASH LALCHAND JAINDirector	Remuneration	0.60	0.31	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and KASTURI RAVINDRA JAINWIFE OF DIRECTOR	Dividend paid	0.25	0.18	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and UGMADEVI OMPRAKASH JAINWIFE OF DIRECTOR	Dividend paid	0.25	0.16	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and OMPRAKASH LALCHAND JAINDirector	Interest paid	0.10	0.06	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and Technotrends Marketing Private LimitedCompany in which CMP is Interested	Interest paid	0.10	0.05	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and HARSH OMPRAKASH JAINSon of Director	Interest paid	0.10	0.02	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and TANSUKHRAJ JAINBrother of Director	Interest paid	0.10	0.02	0.00	0.00
Citizen Solar Limited (Previously known as Citizen Infoline Limited) and RAVINDRA OMPRAKASH JAINDirector	Interest paid	0.10	0.01	0.00	0.00

The 24 largest of 24 dealings in the half-year to Mar 2026, ₹ crore.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

Received
Resolved

Open at the quarter's end

None open at any quarter's end.

The board is made up as the listing rules require: Yes
The board has a regular chairperson: Yes
The company has a risk management committee: No
The chair is related to the managing director: Yes
The filing has a part on fines and penalties: No
The filing has a part on tax disputes: No
There was a cyber security incident in the quarter: No

The company's own answers in its filing.

Citizen Solar board of directors

Committees and meetings

Board

Audit Committee

Nomination and remuneration committee

Stakeholders Relationship Committee