BSECityman LtdHighNeutral
Announced Thu, 12 Feb · 12:38 IST

Un Audited financial Results for the quarter and Nine Months Ended December 31.2025

Going ConcernPat NegativeResults View source PDF

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AI summary

Cityman Limited reported unaudited results for Q3 FY26 (quarter ended Dec 31, 2025) and nine months ended Dec 31, 2025. The company recorded zero revenue from operations and zero other income across all reported periods. Total expenses for Q3 FY26 stood at Rs 8.71 lakhs (mainly Rs 4.08 lakhs employee cost and Rs 4.61 lakhs other expenses), leading to a net loss of Rs 8.71 lakhs with an EPS of Rs -0.07. For the nine-month period, the loss widened slightly to Rs 24.09 lakhs versus Rs 23.18 lakhs in the corresponding prior period. The statutory auditor NSVM & Associates issued an unqualified limited review report, noting no material misstatement.

Likely market impact

The company is generating no business revenue and is posting continuous losses, which raises serious going concern doubts and suggests it is a dormant or non-operational entity. For shareholders, this is a significant red flag — the stock is trading on a listed shell with no underlying earnings, and any value is highly speculative.