Citizen Solar shareholders and shareholding pattern

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

Who owns Citizen Solar, filing by filing

Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.

Sep 2026 filing

Promoters53.49%
Indian institutions0.15%
Individuals and others46.35%

Shareholding pattern, per cent, from Sep 2022

Promoters
Indian institutions
Individuals and others

Per cent	Dec 2016Filed 17 Jan	Mar 2017Filed 11 Apr	Jun 2017Filed 13 Jul	Sep 2017Filed 17 Oct	Dec 2017Filed 16 Jan	Mar 2018Filed 20 Apr	Jun 2018Filed 11 Jul	Sep 2018Filed 15 Oct	Dec 2018Filed 7 Jan	Mar 2019Filed 10 Apr	Jun 2019Filed 15 Jul	Sep 2019Filed 11 Oct	Dec 2019Filed 16 Jan	Mar 2020Filed 16 May	Jun 2020Filed 20 Jul	Sep 2020Filed 21 Oct	Dec 2020Filed 12 Jan	Mar 2021Filed 21 Apr	Jun 2021Filed 16 Jul	Sep 2021Filed 18 Oct	Dec 2021Filed 8 Jan	Mar 2022Filed 18 Apr	Jun 2022Filed 14 Jul	Sep 2022Filed 19 Oct	Dec 2022Filed 20 Jan	Mar 2023Filed 8 May	Jun 2023Filed 19 Jul	Sep 2023Filed 17 Oct	Dec 2023Filed 2 Mar	Mar 2024Filed 15 Apr	Jun 2024Filed 9 Aug	Sep 2024Filed 7 Nov	Dec 2024Filed 20 Jan	Jun 2025Filed 19 Jul	Sep 2025Filed 17 Oct	Dec 2025Filed 16 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 17 Jul	Sep 2026Filed 12 Oct
	57.83%	58.49%	58.49%	58.49%	58.49%	58.49%	58.49%	58.49%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	57.28%	57.28%	57.28%	57.28%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	13.36%	53.49%
Indian promoters	57.83%	58.49%	58.49%	58.49%	58.49%	58.49%	58.49%	58.49%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	58.55%	57.28%	57.28%	57.28%	57.28%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	34.77%	13.36%	53.49%
	42.17%	41.51%	41.51%	41.51%	41.51%	41.51%	41.51%	41.51%	41.45%	41.45%	41.45%	41.45%	41.45%	41.45%	41.45%	41.45%	41.45%	41.45%	41.45%	41.45%	41.45%	42.72%	42.72%	42.72%	42.72%	65.23%	65.23%	65.23%	65.23%	65.23%	65.23%	65.23%	65.23%	65.23%	65.23%	65.23%	65.23%	86.64%	46.51%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.15%	0.15%
Mutual funds	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.40%	0.15%	0.15%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	42.32%	42.32%	64.83%	64.83%	64.83%	64.83%	64.83%	64.83%	64.83%	64.83%	64.83%	64.83%	64.83%	64.83%	86.48%	46.35%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	37.28%	36.44%	36.45%	36.61%	36.06%	36.10%	34.68%	34.62%	34.43%	34.62%	33.53%	33.63%	33.12%	33.09%	12.83%	12.72%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.67%	1.66%	24.16%	24.54%	24.97%	24.95%	26.26%	26.36%	26.54%	26.36%	27.82%	27.85%	28.28%	28.36%	72.40%	32.26%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.01%	2.00%	2.00%	2.00%	2.00%	2.00%	1.96%	1.96%	1.96%	2.19%	1.96%	1.96%	1.96%	0.75%	0.77%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.22%	1.17%	0.63%	0.63%	0.62%	0.59%	0.59%	0.59%	0.59%	0.60%	0.60%	0.68%	0.68%	0.23%	0.23%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.38%	1.00%	1.05%	1.07%	1.18%	1.16%	1.30%	1.30%	1.31%	1.30%	0.69%	0.79%	0.79%	0.74%	0.27%	0.37%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.31%	–	–	0.66%	0.66%	0.66%	0.26%	0.36%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.09%	0.08%	0.03%	–	0.01%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.04%	0.05%	0.05%	0.02%	0.01%
Shares in issue	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	53,97,300	1,40,43,300	1,40,43,300

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state.

Number of Citizen Solar shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 17 Jan	Mar 2017Filed 11 Apr	Jun 2017Filed 13 Jul	Sep 2017Filed 17 Oct	Dec 2017Filed 16 Jan	Mar 2018Filed 20 Apr	Jun 2018Filed 11 Jul	Sep 2018Filed 15 Oct	Dec 2018Filed 7 Jan	Mar 2019Filed 10 Apr	Jun 2019Filed 15 Jul	Sep 2019Filed 11 Oct	Dec 2019Filed 16 Jan	Mar 2020Filed 16 May	Jun 2020Filed 20 Jul	Sep 2020Filed 21 Oct	Dec 2020Filed 12 Jan	Mar 2021Filed 21 Apr	Jun 2021Filed 16 Jul	Sep 2021Filed 18 Oct	Dec 2021Filed 8 Jan	Mar 2022Filed 18 Apr	Jun 2022Filed 14 Jul	Sep 2022Filed 19 Oct	Dec 2022Filed 20 Jan	Mar 2023Filed 8 May	Jun 2023Filed 19 Jul	Sep 2023Filed 17 Oct	Dec 2023Filed 2 Mar	Mar 2024Filed 15 Apr	Jun 2024Filed 9 Aug	Sep 2024Filed 7 Nov	Dec 2024Filed 20 Jan	Jun 2025Filed 19 Jul	Sep 2025Filed 17 Oct	Dec 2025Filed 16 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 17 Jul	Sep 2026Filed 12 Oct
All shareholders	6,129	6,127	6,118	6,124	6,158	6,141	6,151	6,155	6,154	6,154	6,155	6,153	6,155	6,159	6,167	6,165	6,181	6,220	6,246	6,239	6,411	7,040	7,114	6,944	6,775	6,719	6,686	6,624	6,608	6,577	6,524	6,485	6,524	6,457	6,471	6,450	6,451	6,365	6,467
	7	5	5	5	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	5	5	5	5	4	4	4	4	4	4	4	4	4	4	4	4	4	6
Indian promoters	7	5	5	5	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	7	5	5	5	5	4	4	4	4	4	4	4	4	4	4	4	4	4	6
	6,122	6,122	6,113	6,119	6,151	6,134	6,144	6,148	6,147	6,147	6,148	6,146	6,148	6,152	6,160	6,158	6,174	6,213	6,239	6,232	6,404	7,035	7,109	6,939	6,770	6,715	6,682	6,620	6,604	6,573	6,520	6,481	6,520	6,453	6,467	6,446	6,447	6,361	6,461
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Mutual funds	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,938	6,769	6,714	6,681	6,619	6,603	6,572	6,519	6,480	6,519	6,452	6,466	6,445	6,446	6,360	6,460
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,869	6,699	6,641	6,609	6,545	6,530	6,497	6,446	6,403	6,446	6,377	6,392	6,366	6,366	6,282	6,368
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	5	6	7	7	9	8	8	8	7	6	7	7	7	9
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	25	24	24	24	24	24	23	25	23	26	24	25	25	25	26
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	22	22	21	21	21	21	21	21	21	22	22	24	25	24	25
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	66	20	22	21	22	21	21	21	23	21	20	22	23	23	22	32
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	20	20	20	20	30
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	–	1
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	2	2	2	1

Citizen Solar promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Tansukhraj Lalchand Jain, 14.88%.Promoter buying and selling

Holder
Tansukhraj Lalchand JainIndividuals and Hindu undivided families	14.88%	20,90,100
Harsh Omprakash JainIndividuals and Hindu undivided families	12.67%	17,78,900
Ravindra Omprakash JainIndividuals and Hindu undivided families	11.45%	16,07,800
Omprakash Lalchand JainIndividuals and Hindu undivided families	8.67%	12,17,200
Kasturi Ravindra JainIndividuals and Hindu undivided families	3.87%	5,43,100
Ugmadevi Omprakash JainIndividuals and Hindu undivided families	1.96%	2,75,000

No promoter shares are reported as pledged.

Largest public holders of Citizen Solar, filing by filing

Per cent, on the same shares as the split above.

Holder	Jun 2024Filed 9 Aug	Sep 2024Filed 7 Nov	Dec 2024Filed 20 Jan	Jun 2025Filed 19 Jul	Sep 2025Filed 17 Oct	Dec 2025Filed 16 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 17 Jul	Sep 2026Filed 12 Oct
Sagar Tansukhraj JainResident individuals, over ₹2 lakh at face value	11.26%	11.26%	–	–	11.26%	–	11.26%	4.33%	10.10%
Sangitadevi Tansukhraj JainResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	7.05%
Samiksha Tansukhraj JainResident individuals, over ₹2 lakh at face value	11.26%	11.26%	–	–	11.26%	–	11.26%	4.33%	4.33%
Kapil Kumar ChopraResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	4.31%
Punit Kumar ChopraResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	4.31%
Irfan Fakhri KarimiResident individuals, over ₹2 lakh at face value	–	–	–	–	3.22%	–	3.38%	1.37%	1.40%
Zztransit*Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	61.57%	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.