33rd Annual Report for the Year 2024-25
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Cityman Limited has submitted its 33rd Annual Report for FY 2024-25 to BSE, along with the notice for its 33rd Annual General Meeting scheduled for September 30, 2025 at 1:00 PM via video conferencing. The company reported no commercial activity and zero revenue during the year, with a loss before tax of ₹31.48 lakhs (slightly improved from ₹35.32 lakhs loss in FY24), and accumulated losses of ₹2.40 crores carried forward in the balance sheet. The AGM will seek shareholder approval to re-appoint promoter directors Santhosh Joseph Karimattom and Juliana Santhosh (who retire by rotation), appoint Mr. Pramil Dev as Secretarial Auditor for 5 years (FY26–FY30), and approve an additional unsecured loan of up to ₹20 crore from the Managing Director on top of an existing loan of ₹13.98 crore (with an option to convert to equity). The company has only 3 employees, no subsidiaries, pays no remuneration to directors, and is listed solely on BSE.
For shareholders, the filing confirms the company remains operationally dormant with no revenue, though the promoter's willingness to lend up to ₹20 crore (potentially convertible to equity) indicates continued personal financial backing. The ongoing losses, lack of business activity, and growing related-party loan exposure make this a high-risk micro-cap with governance and going-concern concerns worth monitoring.