The Unaudited Financial Results for the quarter ended on 30th June, 2024, along with the Limited Review Report issued by the statutory auditor of the company;
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Kome-On Communication Ltd reported zero revenue from operations and zero other income for the quarter ended 30 June 2024, against total expenses of Rs 0.12 lakhs, resulting in a small net loss of Rs 0.12 lakhs. The company has shown no operating revenue across all reported periods, with persistent losses — the full-year loss for FY24 was Rs 1,327.65 lakhs, driven largely by exceptional items of Rs 1,321.62 lakhs. Equity share capital stands at Rs 1,500.81 lakhs (face value Rs 10), meaning accumulated losses are sizeable relative to capital. The statutory auditor issued an unqualified limited review report with no qualifications. The board approved these results on 23 February 2026, roughly 20 months after the quarter ended, indicating a significant delay in financial reporting.
With no operating revenue and ongoing losses, the company's business continuity is highly questionable, posing serious concerns for shareholders about future earnings and the long-term viability of operations.