We are hereby submitting the Annual Secretarial Compliance Audit Report for the Financial Year ending 31st March 2024.
Awaiting price reaction for this filing.
Kome-On Communication Ltd filed its Annual Secretarial Compliance Audit Report for FY24, which reveals the company had multiple compliance failures. BSE suspended trading in the company's shares on August 16, 2024 due to continued non-adherence to listing requirements. In June 2025, BSE issued a show cause notice for proposed compulsory delisting under SEBI Delisting Regulations. The company responded and subsequently received a delisting order on December 11, 2025, granting four months (until April 2026) to complete pending compliances. The report flags issues including promoter shareholding not fully in demat form, outdated website disclosures, and absence of a Structured Digital Database for insider trading compliance. Statutory auditor AMD & Co resigned on June 21, 2025, replaced by Jitendra Chandulal Mehta & Co. As of March 10, 2026, the company states all previously pending compliances have been completed.
Despite recent compliance regularization, shareholders face significant risk — the company's shares remain suspended from trading and were under active delisting proceedings. The history of widespread non-compliance and substantially inactive operations signals serious governance and business viability concerns that could weigh heavily on any potential trading revival.