Cityon Systems approves AGM notice, book closure for Sept 18

0 min read | Published on 20 Aug 2026, 06:28 PM |Updated on 20 Aug 2026, 06:28 PM

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Jubin VScanX News Team

Key Highlights

Cityon Systems (India) Ltd held a board meeting on August 20, 2026, approving the FY26 Board's Report and the notice for its 22nd AGM on September 18. The register will close from September 11 to 18. Vaibhav Agnihotri was named as the scrutinizer for the meeting.

*this image is generated using AI for illustrative purposes only.

Cityon Systems (India) Ltd has approved the draft notice for its 22nd annual general meeting (AGM), scheduled to be held on September 18, 2026. The Board of Directors also fixed the closure period for the Register of Members and Share Transfer Book from September 11, 2026, to September 18, 2026.

The approvals were made during a board meeting held on August 20, 2026, at the company’s registered office in Delhi. The session commenced at 3:15 pm and concluded at 4:15 pm.

Key Approvals

In addition to the AGM logistics, the board considered and approved the following business items:

Board’s Report: Approved the report for the financial year ended March 31, 2026.
Scrutinizer Appointment: Appointed Mr Vaibhav Agnihotri, Proprietor of M/s V. Agnihotri & Associates, as the scrutinizer for the voting process at the upcoming AGM.

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Radhika Jhunjhunwala, Company Secretary of Cityon Systems, signed the communication.

What key financial metrics or strategic initiatives will be highlighted in the Board's Report for the fiscal year ended March 31, 2026?

How might the upcoming AGM resolutions impact Cityon Systems' dividend policy or capital allocation strategy for the next financial year?

Are there any proposed changes to the Board of Directors or management structure that shareholders should anticipate at the September 2026 meeting?

Cityon Systems narrows net loss to ₹9.00 lakh in FY26

2 min read | Published on 21 May 2026, 08:19 PM |Updated on 21 May 2026, 08:24 PM

Reviewed by

Riya DScanX News Team

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Key Highlights

Cityon Systems (India) Limited announced its audited financial results for FY26, reporting a net loss of ₹9.00 lakh, an improvement from the previous year's loss of ₹10.96 lakh. Revenue from operations was nil for the year, while total expenses decreased to ₹8.98 lakh. The board approved the re-appointment of Ms. Radhika Jhunjhunwala as Internal Auditor for FY26-27.

*this image is generated using AI for illustrative purposes only.

Cityon Systems (India) Limited has announced its audited financial results for the year ended March 31, 2026, following a board meeting held on May 21, 2026. The company reported a net loss of ₹9.00 lakh for the fiscal year, narrowing from a net loss of ₹10.96 lakh in the previous year ended March 31, 2025. The statutory auditors, M/s Srivastava S. & Co., issued an unmodified opinion on the standalone financial results.

Financial Performance

The company's revenue from operations was nil at ₹0.00 lakh for FY26, compared to ₹7.52 lakh in the previous fiscal year. Total income also stood at ₹0.00 lakh for the current year. On the expenditure side, total expenses for FY26 amounted to ₹8.98 lakh, a decrease from ₹18.48 lakh in FY25. Employee benefits expense accounted for ₹6.96 lakh, while other expenses were ₹2.01 lakh.

For the half-year ended March 31, 2026, the company reported a net loss of ₹4.67 lakh. Revenue from operations for this period was also ₹0.00 lakh. The board also took note of the Auditor's Report on the audited financial results.

Key Financial Metrics

The following table summarizes the standalone audited financial results for the year and half-year ended March 31, 2026:

Particulars	Year Ended 31/03/2026 (Audited)	Year Ended 31/03/2025 (Audited)	Half Year Ended 31/03/2026 (Audited)
Revenue from Operations	0.00	7.52	0.00
Total Income	0.00	7.52	0.00
Total Expenses	8.98	18.48	4.67
Profit/Loss before Tax	(8.98)	(10.96)	(4.67)
Net Profit/Loss	(9.00)	(10.96)	(4.67)

Balance Sheet and Cash Flows

As of March 31, 2026, the company's total equity and liabilities stood at ₹3076.55 lakh, slightly down from ₹3084.45 lakh in the previous year. Share capital remained constant at ₹1712.64 lakh, while reserves and surplus decreased to ₹222.09 lakh from ₹231.09 lakh. Long-term borrowings were recorded at ₹1059.04 lakh.

On the assets side, non-current investments were valued at ₹567.71 lakh, and long-term loans and advances stood at ₹2211.06 lakh. Cash and cash equivalents decreased to ₹3.81 lakh as of March 31, 2026, from ₹7.80 lakh in the prior year. The cash flow statement indicated a net decrease in cash and cash equivalents of ₹3.36 lakh for the year.

Board Decisions

During the meeting, the board approved the re-appointment of Ms. Radhika Jhunjhunwala as the Internal Auditor of the company for the fiscal year 2026-27.

What specific strategies is Cityon Systems (India) Limited planning to implement to generate revenue from operations in FY27, given two consecutive years of declining or zero revenue?

How long can the company sustain operations with only ₹3.81 lakh in cash reserves and ₹1059.04 lakh in long-term borrowings before requiring additional capital infusion or restructuring?

Are there any plans to monetize or restructure the ₹2211.06 lakh in long-term loans and advances, which represent the company's largest asset and could be key to its financial recovery?