Cityman has set the record date for its 34th Annual General Meeting (AGM) as September 23, 2026. The meeting is scheduled for September 30, 2026, at 1:00 pm via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). This date determines shareholder eligibility for voting on key agenda items.

The intimation was issued pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. Santhosh Joseph Karimattom, Managing Director, signed the disclosure dated September 3, 2026.

Key Agenda Items

The primary special business item involves seeking shareholder approval for an unsecured loan of up to ₹20 crore from Managing Director Santhosh Joseph Karimattom. This proposed infusion is in addition to an existing outstanding loan balance of ₹14.31 crore already provided by Karimattom out of his earned income. The explanatory statement notes that the new loan may be converted into equity, either in part or full, providing the company with potential flexibility in its capital structure.

Board Composition Changes

The AGM will also focus on refreshing the Board of Directors through rotation and new appointments. Shareholders will consider the reappointment of two executive directors who are retiring by rotation:

• Santhosh Joseph Karimattom: Serving as Managing Director since 1992, he holds approximately 77.2 lakh equity shares.
• Juliana Santhosh: An executive director with expertise in administration, holding approximately 2.28 lakh equity shares.

Additionally, the meeting will approve the reappointment of Anup Kumar as a Non-Executive Director. Kumar, who previously served as an Independent Director until July 2024, brings decades of experience in banking and financial consultancy. His reappointment follows a recommendation from the Nomination and Remuneration Committee.

New Independent Director

The company seeks approval for the appointment of Parapattu Varughese Nainan as an Independent Director for a five-year term. Nainan, an MBA graduate with specialization in finance and former director of the Institute of Cost Accountants of India (Cochin Chapter), has been associated with Cityman since 1993. His appointment aims to strengthen independent oversight on the board.

What the Numbers Show

The capital structure dynamics reveal a high degree of promoter reliance for liquidity. With the existing related-party loan standing at ₹14.31 crore and the proposed additional facility capped at ₹20 crore, the total potential exposure to the Managing Director could reach ₹34.31 crore. This concentration of debt within the promoter circle suggests that external institutional financing may be limited or less preferred for current working capital needs. The option to convert this debt into equity offers a mechanism to reduce leverage without immediate cash outflow, though it would dilute existing shareholders upon exercise.

Meeting Logistics

Remote e-voting will be facilitated by Central Depository Services (India) Limited (CDSL). The voting window opens on September 27, 2026, at 9:00 am and closes on September 29, 2026, at 5:00 pm. The Register of Members and Share Transfer Books will remain closed from September 24, 2026 to September 30, 2026 (both days inclusive).

Cityman Limited accepted the resignation of Mr. Roy Moolayil Sebastian as an independent director on its board, effective August 27, 2026.

The departure stems from personal pre-occupations and other personnel commitments, as stated in the resignation letter submitted to the Board of Directors. The company notified BSE Limited of the change pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Resignation Details

Mr. Sebastian, holding DIN 01886479, confirmed that there are no material reasons for his exit beyond those cited in his letter. He holds no directorships in other listed entities.

Santhosh Joseph Karimattom, Managing Director of Cityman Limited, signed the intimation filed with the stock exchange.