We are hereby submitting the Annual Report for the 32nd Annual General Meeting for the financial year 2024-2025
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Kome-On Communication Ltd has submitted its 32nd Annual Report for FY 2024-25 along with the notice for its Annual General Meeting scheduled for March 19, 2026 via video conferencing. The company's revenue from operations stood at nil for the year, with total income of Rs. 0 and total expenditure of Rs. 1.38 lacs, resulting in a net loss of Rs. 1.38 lacs (compared to a loss of Rs. 13.28 crore in FY 2023-24). The Board has not recommended any dividend, and the share capital remains unchanged at Rs. 15.01 crore authorized and Rs. 15.00 crore paid-up. The AGM agenda includes adopting the FY25 financial statements, re-appointing the Managing Director by rotation, appointing M/s. Jitendra Chandulal Mehta & Co as new statutory auditors, and regularizing four directors whose offices previously stood vacated due to non-compliance with SEBI Listing Regulation 17(1C). The company also proposes appointing M/s. Anuj Gupta & Associates as secretarial auditor for a 5-year term.
Continued zero revenue and persistent losses highlight ongoing operational challenges for shareholders, though the sharply smaller loss versus the prior year indicates cost rationalization. Multiple board resignations/regularizations and the disclosed past SEBI listing non-compliance flag governance concerns that investors should track closely.