We are hereby submitting the Annual Secretarial Compliance Audit Report for the Financial Year ending 31st March 2025.
Awaiting price reaction for this filing.
Kome-On Communication Ltd filed its Annual Secretarial Compliance Report for FY2024-25, which reveals a deeply troubled company. Its shares have been suspended from trading on BSE since August 16, 2024 due to continued non-compliance with listing rules. BSE subsequently issued a show cause notice in June 2025 for compulsory delisting, but the company was granted a reprieve via a December 11, 2025 order giving it until April 2026 to complete pending compliance. The audit identified key non-compliances including promoter holdings not being in demat form, an outdated website, and absence of a structured digital database for insider trading monitoring. The company appointed a new statutory auditor (Jitendra Chandulal Mehta & Co) in February 2026 after AMD & Co resigned in June 2025, and a new Company Secretary in January 2026. As of March 10, 2026, all previously pending compliance requirements have been completed, though the company has no operational turnover and limited business activity.
This filing confirms the stock remains suspended from trading and was on the verge of compulsory delisting, though the company has now secured a window to regularize. Shareholders face significant uncertainty about the revival of operations and whether trading will resume after April 2026. The deeply non-operational status and history of compliance failures make this a high-risk investment.