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 2026, with a net loss of ₹89.42 lakhs compared to a loss of ₹1.38 lakhs in the previous year. Total expenses stood at ₹89.42 lakhs, primarily driven by professional fees (₹80.96 lakhs) and employee costs. The company's balance sheet shows negative equity of ₹103.54 lakhs, with accumulated losses of ₹1,705.53 lakhs. The Board also approved a ₹2 crore unsecured loan from Avance Ventures Private Limited at 2% per month interest for 5 years for working capital. The statutory auditor issued an unmodified (clean) opinion with no qualifications.
The company has essentially zero operating revenue and negative net worth, raising serious going concern risks despite management's assertion of no material uncertainty. The heavy reliance on high-interest borrowed funds (24% p.a.) to sustain minimal operations is a red flag for shareholders.