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 its revised Annual Report for FY 2024-25 along with the notice of its 32nd AGM scheduled for March 19, 2026 via video conferencing. The company remains essentially non-operational — total income for FY25 was nil (down from just Rs. 0.05 lakh in FY24), with a net loss of Rs. 1.38 lakhs, though the loss narrowed sharply from Rs. 1,327.65 lakhs in the previous year. The board attributes nil revenue to an 'overall slowdown in the economy' and says it is 'making all efforts for better opportunities.' The AGM notice proposes regularisation of new independent and executive directors, appointment of M/s. Anuj Gupta & Associates as secretarial auditor for 5 years, and a change of statutory auditors to M/s. Jitendra Chandulal Mehta & Co. Key leadership churn: MD & CFO Ashish Rajeshbhai Patel resigned from CFO role (July 2025) and MD position (January 2026), and several directors' offices were vacated earlier due to non-compliance with SEBI Regulation 17(1C).
For shareholders, this is a deeply negative signal — the company has no revenue, persistent losses, governance lapses under SEBI's listing rules, and senior leadership instability. The stock is likely to stay thinly traded and under pressure until the company demonstrates actual business revival.