We are hereby submitting the Annual Report for the 31st Annual General Meeting for the financial year 2023-2024
Awaiting price reaction for this filing.
Kome-On Communication Ltd filed its 31st Annual Report for FY 2023-24, with the AGM scheduled for March 19, 2026 via video conferencing. The company reported zero revenue from operations and a net loss of Rs. 1,327.65 lacs, an improvement from the Rs. 13,028.01 lacs loss in FY 2022-23. Notably, no board meetings were held during the financial year, and the company admitted to widespread non-compliance with stock exchange requirements due to lack of financial resources. BSE issued a compulsory delisting order in December 2025, giving the company until April 2026 to complete pending compliances to revoke suspension of trading. No dividend was recommended, auditor was changed to Jitendra Chandulal Mehta & Co, and Managing Director Ashish Rajeshbhai Patel resigned effective January 15, 2026.
The stock is under active delisting threat from BSE, and the company is operationally dormant with no revenue, making it a high-risk investment. Shareholders face a binary outcome within months: successful compliance could restore listing, while failure would lead to forced delisting and likely illiquidity.