Annual Report
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City Online Services Ltd, a Hyderabad-based telecom and internet services company, has filed its 26th Annual Report for FY 2024-25 with BSE, ahead of its AGM on September 29, 2025. Turnover fell sharply to Rs. 750.81 lakhs from Rs. 1,025.34 lakhs in FY24, a year-on-year decline of roughly 27%. The company swung back to a marginal profit of Rs. 3.51 lakhs after reporting a Rs. 20.99 lakh loss in FY24. The AGM notice seeks shareholder approval for reappointment of CMD S. Raghava Rao (at Rs. 1.55 lakh per month) and two whole-time directors, plus appointment of two new independent directors. Management has cited intense competition and unfavourable market conditions as reasons for 'inadequate profits.'
The sustained revenue decline and very thin profit margin raise concerns about the company's financial health in a competitive telecom services market. Shareholders should watch closely for further deterioration; the minimum-remuneration clauses for directors indicate management is bracing for possible future losses.