REVISED INTIMATION OF NON APPLICABILITY OF REGULATIONS 23(9) OF SEBI LODR REGULATIONS 2015
Awaiting price reaction for this filing.
Cityon Systems (India) Ltd has submitted a revised intimation to BSE confirming that Regulation 23(9) of the SEBI Listing Obligations and Disclosure Requirements Regulations does not apply to the company for the period ended 31 March 2025. The exemption applies because the company's specified securities are listed on the SME Exchange, which places it under the relaxed compliance criteria under Regulation 15(2)(b). Regulation 23(9) generally requires listed entities to disclose details of related party transactions in their half-yearly corporate governance reports. As an SME-listed entity, the company is exempt from this requirement.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. It simply confirms that the company, being on the SME platform, is not required to provide half-yearly related party transaction disclosures under Regulation 23(9).