Attaching herewith Notice of 33rd Annual General Meeting of the Members of the Company Scheduled to be held on Tuesday,30th September 2025 at 1:00 PM (IST) through Video Conferencing ....
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Cityman Limited (BSE: 521210) has called its 33rd AGM for Tuesday, September 30, 2025 at 1:00 PM via video conferencing. Ordinary business includes adopting FY25 audited financial statements and reappointing Managing Director Santhosh Joseph Karimattom and Director Juliana Santhosh, both of whom retire by rotation. Special business covers appointing Mr. Pramil Dev as Secretarial Auditor for five years (FY26 to FY30) and seeking shareholder approval for a material related party transaction — an additional unsecured loan of up to Rs. 20 crore from the Managing Director on top of the existing loan of Rs. 13.98 crore. The new loan carries an option for the MD to convert the amount into equity. E-voting runs from September 27 to September 29, 2025, with the cut-off date set as September 23, 2025.
Total promoter lending could reach roughly Rs. 33.98 crore, signalling limited access to bank funding and continued dependence on the promoter for working capital. The equity conversion clause is a potential dilution risk for existing shareholders if exercised, though the AGM notice itself is largely procedural.