INTIMATION ABOUT NON APPLICABILITY OF REGULATION 23(9) OF SEBI LODR REGULATIONS 2015
Awaiting price reaction for this filing.
Cityon Systems (India) Ltd has informed BSE that SEBI's Regulation 23(9) does not apply to the company for the half year/year ended 31 March 2025. The regulation, which deals with disclosure of related party transactions, is exempt for companies listed on the SME Exchange whose paid-up equity capital does not exceed Rs. 10 crore and whose net worth does not exceed Rs. 25 crore. The company confirms it falls under this exemption criteria and is therefore not required to comply with Regulation 23(9). The disclosure is signed by Radhika Jhunjhunwala, Company Secretary.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. It simply confirms the company is too small (below Rs. 10 crore capital and Rs. 25 crore net worth thresholds) to be subject to related party transaction disclosure norms.