The Unaudited Financial Results for the quarter and half year ended on 30th September, 2023, along with the Limited Review Report issued by the statutory auditor of the Company.
Awaiting price reaction for this filing.
Kome-On Communication Ltd filed unaudited financial results for Q2 and H1 FY24 (ended September 30, 2023) along with the statutory auditor's limited review report. The company reported zero revenue from operations and zero other income across all reported periods, indicating no business activity. It posted a loss of Rs 2.59 lakhs in Q2 FY24 and Rs 5.44 lakhs in H1 FY24, compared to losses of Rs 1.77 lakhs and Rs 2.59 lakhs in the corresponding prior-year periods. Total expenses were modest (Rs 2.59 lakhs in Q2, Rs 5.25 lakhs in H1), mainly other expenses and finance costs. The balance sheet shows total assets of Rs 1,372.80 lakhs, almost entirely in 'Loans' (Rs 1,371.62 lakhs), with cash at just Rs 1.18 lakhs and negative other equity of Rs (190.41) lakhs. The filing was made on February 23, 2026 — a delay of over two years from the reporting period. The auditor issued an unqualified limited review report.
The company appears dormant with no revenue, persistent losses, and nearly depleted cash reserves, which is a red flag for shareholders. The multi-year delay in filing results also raises serious corporate governance concerns.