The Audited Financial Results for the quarter and year ended on 31st March, 2025, along with the auditor's report; The Audited Balance Sheet and Profit & Loss account, along with ....
Awaiting price reaction for this filing.
Kome-On Communication has reported audited results for FY25 showing almost no business activity — revenue from operations is zero and total income is just Rs. 0.05 lakh for the full year. The loss before exceptional items widened to Rs. 4.03 lakhs in FY25 (vs Rs. 1.39 lakhs in FY24). A one-time exceptional item of Rs. 1,321.62 lakhs turned the headline bottom line into a reported profit of Rs. 1,327.65 lakhs, but this is not from operations. The balance sheet is weak: total equity is negative at minus Rs. 14.11 lakhs (shareholders' funds are wiped out), total assets are only Rs. 0.77 lakh, and cash balance is negligible. The board also cleared a backlog of past period results (FY23 and FY24) at the same meeting, and the FY25 results were approved in February 2026 — nearly 11 months after the year-end — which is a serious delay.
Core operations have effectively shut down with no revenue and ongoing losses, while the apparent 'profit' is entirely from a one-off exceptional item, not real business. Negative net worth means the book value for shareholders is wiped out. The long filing delay is a governance red flag and may attract regulatory or trading restrictions from the exchange.