We are hereby submitting the Annual Report for the 30th Annual General Meeting for the financial year 2022-2023
Awaiting price reaction for this filing.
Kome-On Communication Ltd has filed its 30th Annual Report for FY 2022-23 and is convening the AGM on March 19, 2026 via video conferencing — about three years late due to unforeseen circumstances and prior non-compliances. The company reported zero turnover for both FY23 and FY22, with net loss widening sharply to Rs. 13.03 lakh (thousands) from Rs. 1.95 lakh in the previous year. No dividend was declared, and paid-up equity capital stood at Rs. 15.01 crore. The company also disclosed receiving a BSE show cause notice in June 2025 for proposed compulsory delisting, followed by a delisting order dated December 11, 2025 giving it until April 10, 2026 to comply, with trading currently suspended. Multiple board changes occurred, including resignation of directors whose offices stood vacated under SEBI Regulation 17(1C) for failure to hold the AGM on time.
This is a high-risk situation for shareholders — the stock faces compulsory delisting risk, trading is already suspended, and the company is loss-making with no revenue. The AGM itself is a routine procedural step toward revoking trading suspension, but does not resolve the underlying financial or compliance concerns.