Revised outcome of the Board Meeting held on February 23, 2026.
Awaiting price reaction for this filing.
Kome-On Communication's board, at a meeting on Feb 23, 2026, approved a large bundle of long-pending financial results covering quarters from June 2022 through December 2024 — indicating years of delayed/lapsed filings. Across every period reported, Revenue from Operations is zero, with only negligible 'Other Income' (₹0.05 lakhs in some quarters), meaning the company has effectively had no business activity. Losses are consistent and have ballooned: standalone loss before tax for FY24 (year ended March 2024) was ₹1,327.65 lakhs, driven in part by a large exceptional item of ₹1,321.62 lakhs booked in Q4 FY24. Other equity has swung from a surplus of ₹1,314.91 lakhs (March 2023) to a deficit of ₹1,513.55 lakhs, leaving total equity negative at ₹(12.74) lakhs as of March 2024. Cash on hand has dwindled to just ₹1.13 lakhs, and operating cash flows are negative every period.
This is a deeply negative red-flag filing for shareholders: the company has no operating revenue, deeply negative net worth, near-zero cash, and is clearing years of overdue results all at once. The negative equity position raises serious solvency and going-concern concerns, and the stock is likely to face sharp scrutiny and possible regulatory action for the prolonged filing delays.