APPROVAL OF AUDITED ANNUAL FINANCIAL RESULTS FOR THE PERIOD ENDED ON 31.03.2026
Awaiting price reaction for this filing.
Cityon Systems (India) Ltd reported zero revenue from operations for FY 2025-26 (year ended March 31, 2026), compared to Rs. 7.52 lakhs in the previous year, indicating a complete revenue collapse. The company posted a net loss of Rs. 9.00 lakhs for the year, slightly improved from Rs. 10.96 lakhs loss in FY 2024-25. Operating cash flow remained negative at Rs. -3.36 lakhs. The statutory auditor issued an unmodified (clean) opinion on the financial statements. The board also re-appointed Ms. Radhika Jhunjhunwala as Internal Auditor for FY 2026-27. Total assets stood at Rs. 3,076.55 lakhs with long-term borrowings of Rs. 1,059.04 lakhs unchanged from prior year.
The stock shows severe operational distress with zero revenue and persistent losses. Shareholders should be cautious as the company has no operating income to cover expenses or debt obligations. The clean auditor opinion provides some comfort on financial statement accuracy.