We are hereby submitting the intimation regarding automatic vacation of the office of the additional executive director, Mrs. Kusum Lata (DIN: 06693671), and additional non-executive independent ....
Awaiting price reaction for this filing.
The Board of Kome-On Communication Ltd informed that the offices of three directors have been automatically vacated under SEBI's Regulation 17(1C). Mrs. Kusum Lata (Additional Executive Director, appointed June 10, 2025), Mr. Ajay Suresh Yadav and Ms. Rinku Saini (both Additional Non-Executive Independent Directors, appointed September 18, 2024 and June 10, 2025 respectively) ceased to hold office because the company did not obtain shareholder approval for their appointment within the required three-month window or at the next AGM. The company will file Form DIR-12 with MCA to record the vacation. The CEO, Sachin Mishra, continues in his role and signed the disclosure.
This reflects a corporate governance lapse at the company — failure to secure timely shareholder ratification has cost the board three members simultaneously, which may weaken board composition and could raise compliance concerns among regulators and shareholders, potentially weighing on investor confidence in the stock.