OUTCOME OF THE BOARD MEETING DATED 11.11.2025
Awaiting price reaction for this filing.
The Board of Cityon Systems approved its unaudited financial results for the half-year ended September 30, 2025. Revenue from operations stood at nil for H1 FY26, down from Rs. 7.52 lakhs in H1 FY25. The company reported a net loss of Rs. 4.40 lakhs, slightly better than the Rs. 4.53 lakh loss in the year-ago period. Total expenses were Rs. 4.40 lakhs, mainly employee costs (Rs. 3.08 lakhs) and other expenses (Rs. 1.32 lakhs). The balance sheet shows reserves of Rs. 226.69 lakhs and long-term borrowings of Rs. 1,059.03 lakhs, with cash and equivalents at just Rs. 6.77 lakhs. The statutory auditor issued an unmodified (clean) limited review report with no qualifications.
For shareholders, this is a negative signal — the company has zero operating revenue, is reporting losses, and burning cash. However, the balance sheet still shows net assets and reserves, so there is no immediate going-concern alarm. Expect weak sentiment and likely continued low liquidity in the stock.