Cityon Systems (India) Ltd

Cityon Systems (India) Limited — Trading Window closed from 01 October 2026 till expiry of 48 hours after the declaration of Un-audited Financial Results for the half year ended 30 September 2026

AGM details

• Date/time/mode: 18 Sep 2026, 10:00 AM, in-person at Delhi Chambers, Delhi.

Resolutions and outcomes

• Resolution 1: Adopt audited financial statements; passed with votes in favour, none against.
• Resolution 2: Re-appoint director by rotation; passed with votes in favour, none against.

AGM Details

• Date and time: 18 September 2026, 10:00–10:30 AM.
• Mode and venue: physical AGM at 215, Delhi Chambers, Delhi Gate, Delhi 110002.
• Chair: Mr. Yugank Gadi; quorum observed.
• Scrutinizer appointed: Vaibhav Agnihotri (Practising Company Secretary).

Resolutions & Outcomes

• Ordinary Business: adoption of audited financial statements and related reports.
• Ordinary Business: Abhishek Tandon reappointed (DIN: 03530860).
• Outcome: all ordinary resolutions approved.

Financial snapshot

• Total revenue FY2026 NIL; FY2025 ₹751,740.
• Profit after tax FY2026 ₹-900,192; FY2025 ₹-1,096,322.
• EPS (Basic) FY2026 ₹-0.05.
• Total expenses FY2026 ₹898,484; FY2025 ₹1,847,904.
• Profit before tax FY2026 ₹-898,484; FY2025 ₹-1,096,164.
• Dividend not recommended due to loss.
• No deposits accepted; no public deposits outstanding.

Revenue and profitability drivers

• FY2026 revenue from operations NIL; FY2025 ₹751,740.
• Net loss narrowed YoY to ₹900,192 in 2026.
• FY2026 negative EPS at ₹-0.05.

Balance sheet and capital structure

• Share capital ₹17,12,63,600; unchanged.
• Total equity and liabilities ₹30,76,54,971.
• Long-term borrowings ₹10,59,04,128.
• Non-current investments ₹5,67,71,122.
• Promoter holdings total 36.68% as of 31-03-2026.
• Dividend not declared.

Cash flows and liquidity

• Net cash from operating activities ₹-3,35,690.
• Net cash from financing activities ₹-683.
• Closing cash ₹4,44,783.
• Investing activities: nil.

Audit, governance and controls

• Statutory auditor: Srivastava S & Co; audit 2025-26.
• Secretarial auditor: V. Agnihotri & Associates; Annexure-A.
• Secretarial observations include SEBI promoter demand; listing fee outstanding.
• Kavita Awasthi ceased as Independent Director on 03/04/2025.
• Abhishek Tandon reappointed Sept 12, 2025; Sushila Aggarwal joined Sept 12, 2025.
• Internal audit system not in place; controls deemed adequate.
• Board meetings four times; AGM on Sept 12, 2025.
• CSR not applicable; SME listing disclosures per Reg 23.
• Related party transactions at arm's length; Annexure-B filed.

Tax matters and regulatory disclosures

• Outstanding income tax disputes totaling ₹34.24 crore; various AYs.
• CIT appeals; matter under action; management to pursue review.
• Annual listing fee for 2025-26 outstanding; steps being taken.

Outlook and strategic focus

• Management remains confident about long-term viability despite losses.
• Focus on cost reductions and efficiency improvements to regain profitability.

Book Closure for AGM

• Book closure for share registers: 11 Sep 2026 to 18 Sep 2026 (inclusive) for 22nd AGM.
• Event date: AGM scheduled for 18 Sep 2026.

AGM details

• Date and time: 18 September 2026 at 10:00 AM.
• Venue: 215, Delhi Chambers, Delhi Gate, Delhi-110002.
• Mode: physical in-person meeting.
• Books closed for AGM from 11 September 2026.

Resolutions

• Adoption of audited financial statements for year ended 31 March 2026.
• Appointment of Abhishek Tandon as director liable to retire by rotation.

Key Decisions

• Board approved the Board's Report for the financial year ended 31 March 2026.
• Board approved draft notice for the 22nd AGM on 18 September 2026.
• Board approved closure of Register of Members and Share Transfer Book from 11 to 18 September 2026.
• Approved appointment of Vaibhav Agnihotri (M/s. V. Agnihotri & Associates) as AGM Scrutinizer.

Dematerialisation status

• No physical share certificates were received for dematerialisation during the quarter ended 30 June 2026.