CyanConnode Holdings plc (LON:CYAN), a global leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, has announced the appointment of Panmure Gordon (UK) Limited as its Joint Broker with immediate effect. Zeus Capital Limited continues to act as joint broker alongside Panmure Gordon.
CyanConnode appoints Panmure Gordon (UK) Limited as its Joint Broker
- Written by: Amilia Stone
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CyanConnode has received a follow-on order worth over AED 5.8 million (£1.2m) for cellular gateways in the MENA region. The contract supports a multi-year smart metering rollout, with delivery scheduled by 31 March 2026.
CyanConnode has posted its Annual Report & Accounts and Notice of AGM to shareholders requesting a hard copy. The AGM will be held at 11.00am on 21 August 2025 at Panmure Liberum, London.
CyanConnode grew its contracted order book from £50m to £180m and secured a c.£70m Goa AMISP contract. Gross margin rose to 35%, and Q1 FY26 module shipments climbed to 568,000 from 170,000, signalling renewed deployment momentum.
CyanConnode has secured full external funding for its Goa smart metering project, preserving its balance sheet and enabling rapid delivery. A further US$7.5 million convertible loan note strengthens working capital as it targets India’s national rollout.
Cyanconnode is expanding into South Africa with its smart metering solutions. EVP Rahul Das says the company’s platform is ready for deployment as utilities seek more connected, data-driven infrastructure.
CyanConnode Holdings PLC has officially signed a £70 million contract with Goa’s Electricity Department to deploy 750,000 smart meters, marking a significant project milestone.
