The Audited Financial Results for the quarter and year ended on 31st March, 2024, 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 Ltd reported audited financial results for FY24 showing virtually no business activity, with revenue from operations at ₹0 and total income of just ₹0.05 lakhs. The company posted a loss after tax of ₹1,327.65 lakhs for the full year, including an exceptional item of ₹1,321.62 lakhs. Total assets collapsed to ₹1.13 lakhs from ₹1,327.04 lakhs the previous year, and shareholder equity turned negative at ₹(12.74) lakhs, down from ₹1,314.91 lakhs. Net cash outflow from operations stood at ₹(0.46) lakhs, with closing cash of just ₹1.13 lakhs. The board approved these results on 23rd February 2026, indicating a very significant delay in filing.
The company appears to be in severe financial distress — negative net worth, negligible revenue, and recurring losses raise serious going-concern doubts for shareholders. The massive delay in filing FY24 results (nearly two years late) and lack of operational activity suggest very high risk; investors should treat this stock with extreme caution.