1. The Audited Financial Results (Standalone) for the Quarter and year ended 31st March, 2026, in pursuance of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, ....
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Kome-On Communication Ltd reported zero revenue from operations for FY 2025-26. The company posted a net loss of Rs. 89.42 Lakhs, a sharp deterioration from the previous year's loss of Rs. 1.38 Lakhs. The company's balance sheet shows negative equity of Rs. 103.54 Lakhs (negative net worth), with total assets of only Rs. 0.45 Lakhs (cash). Trade payables increased significantly to Rs. 84.02 Lakhs from Rs. 3.21 Lakhs. The Board also approved a Rs. 2 Crore unsecured loan from Avance Ventures Pvt Ltd at 2% monthly interest for 5 years for working capital. The statutory auditor issued an unmodified (clean) opinion on the financial statements.
The company is essentially non-operational with zero revenue and deepening losses. Negative net worth and thin cash reserves raise serious concerns about its ability to meet obligations. The Rs. 2 Crore loan at 24% annual interest adds significant financial burden. Shareholders face extreme risk as the company appears to be a shell entity with no core business.