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 FY2026, with total income of Rs 0.00 lakhs. The company posted a net loss of Rs 89.42 lakhs for the year, a significant deterioration from a loss of Rs 1.38 lakhs in the previous year (a 25-fold increase in losses). Total expenses stood at Rs 89.42 lakhs, primarily driven by professional fees (Rs 80.66 lakhs) and listing expenses (Rs 3.49 lakhs). The balance sheet shows negative equity of Rs 103.54 lakhs, with total assets of only Rs 0.45 lakhs against liabilities of Rs 103.98 lakhs. The company also approved a Rs 2 crore unsecured loan from Avance Ventures Private Limited at 2% monthly interest for working capital needs. The statutory auditor issued an unmodified opinion.
The company is essentially a shell with no revenue, mounting losses, and negative net worth. Shareholders face extreme risk as the company may be struggling for survival. The Rs 2 crore loan at 24% annual interest adds further financial burden.