We are hereby submitting the Revised Annual Report for the Financial year 2024-25
Awaiting price reaction for this filing.
Kome-On Communication Ltd has filed a revised annual report for FY 2024-25 with BSE. The company reported zero revenue from operations, which the board attributed to an overall economic slowdown. Total income stood at Rs. 0 (down from Rs. 0.05 lakh in FY23-24), while net loss after tax narrowed sharply to Rs. 1.38 lakh compared to Rs. 1,327.65 lakh in the previous year. The company carries an authorized share capital of Rs. 15.01 crore and paid-up capital of Rs. 15.01 crore, with no changes during the year. Several governance changes are noted, including the resignation of Ashish Rajeshbhai Patel as CFO and Managing Director, and the appointment of Sachin Mishra as the new CFO. The 32nd AGM is scheduled for March 19, 2026, where new statutory auditors (M/s. Jitendra Chandulal Mehta & Co) and secretarial auditors (M/s. Anuj Gupta & Associates) are proposed.
The significant reduction in net loss is a positive signal, but zero revenue from operations and ongoing losses raise concerns about the company's going concern status. The revised filing suggests restated figures, and multiple board-level changes including SEBI non-compliance issues indicate governance instability. Retail investors should closely review the full report and AGM agenda before making decisions.