City Online Services board to meet on May 29 to consider Q4FY26 results

City Online Services Limited will hold a board meeting on May 29, 2026, to consider and approve the financial results for the quarter and financial year ended March 31, 2026. The meeting is scheduled to take place at 3:00 PM at the company's registered office. The trading window for designated persons, their immediate relatives, and connected persons has been closed since April 1, 2026, and will remain shut until 48 hours after the declaration of the results.

Board Meeting Agenda

The Board of Directors will deliberate on the following items:

Financial results of the company for the quarter and financial year ended March 31, 2026.
Any other business with the permission of the Chair.

Trading Window Closure

In accordance with the company's Code of Conduct, the trading window was closed on April 1, 2026, for all designated persons and their immediate relatives. This restriction will continue to be in effect until 48 hours after the financial results are declared to the exchange.

Event	Date
Board Meeting	May 29, 2026
Financial Year End	March 31, 2026
Trading Window Closure	From April 1, 2026

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.56%	-4.48%	-24.44%	-19.19%	-22.89%	+226.53%

City Online Services Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showing a challenging performance with the company slipping into losses during the third quarter of fiscal year 2026.

Financial Performance Overview

The company's financial performance deteriorated significantly during Q3FY26, with key metrics showing a downward trend compared to the previous year.

Metric	Q3FY26	Q3FY25	Change
Revenue from Operations	₹189.71 lakhs	₹193.69 lakhs	-2.05%
Total Income	₹195.92 lakhs	₹197.14 lakhs	-0.62%
Net Profit/(Loss)	₹(8.93) lakhs	₹6.59 lakhs	Loss
Basic EPS	₹(0.17)	₹0.13	Negative

Nine-Month Performance Analysis

The nine-month period ending December 31, 2025, reflected the company's ongoing challenges, with cumulative losses mounting compared to the previous year's profitable performance.

Parameter	9M FY26	9M FY25	Variance
Revenue from Operations	₹583.81 lakhs	₹595.68 lakhs	-1.99%
Total Income	₹593.39 lakhs	₹602.48 lakhs	-1.51%
Net Loss	₹(32.59) lakhs	₹12.71 lakhs profit	Significant decline
Basic EPS	₹(0.63)	₹0.25	Negative swing

Expense Structure and Operational Metrics

The company's expense management showed mixed results during the quarter. Total expenses for Q3FY26 stood at ₹205.79 lakhs compared to ₹190.55 lakhs in Q3FY25, representing an increase of 8.00%. Operating expenses rose to ₹128.02 lakhs from ₹122.66 lakhs, while employee benefit expenses increased to ₹43.31 lakhs from ₹37.79 lakhs year-over-year.

Auditor Qualifications and Compliance Issues

The independent auditor's review report issued a qualified opinion highlighting several significant concerns:

GST Reporting Discrepancy: A difference of ₹11.27 lakhs between revenue reported in books and GST returns for December 2025 quarter
Outstanding Statutory Liabilities: ₹26.61 lakhs in unpaid statutory obligations, including ₹1.47 lakhs in Employees' Provident Fund and ₹25.14 lakhs in unremitted TDS
Unbilled Revenue: ₹18.00 lakhs in services rendered but not invoiced as of December 31, 2025
GST Compliance: GSTR 3B filing for Andhra Pradesh pending for December 2025

Corporate Governance and Board Approval

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 13, 2026. The meeting commenced at 3:00 PM and concluded at 7:30 PM at the company's registered office. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and comply with SEBI listing regulations.

City Online Services Limited operates primarily in internet solutions and related services, with no other reportable business segments as per Indian Accounting Standard 108 on Operating Segments.