REVISED INTIMATION OF NON APPLICABILITY OF REGULATIONS 23(9) OF SEBI LODR REGULATIOINS 2015
Awaiting price reaction for this filing.
Cityon Systems (India) Ltd has filed a revised intimation with BSE confirming that Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 does not apply to the company for the half-year/year ended 31 March 2025. The exemption is claimed under Regulation 15(2)(b) because the company is listed on the SME Exchange, which exempts it from the related-party transaction disclosure requirements under Regulation 23. This is a routine compliance clarification with no financial figures, transactions, or business events disclosed. The filing was signed by the Company Secretary, Radhika Jhunjhunwala, on 26 May 2025.
This is a purely procedural compliance filing and has no direct impact on shareholders, financials, or stock price. Investors should note the company is on the SME platform, which means lighter disclosure norms apply compared to main-board listed companies.