We are hereby submitting the Scrutinizer''s Report along with the Voting Results for 30th Annual General Meeting of the Company.
Awaiting price reaction for this filing.
Kome-On Communication Ltd held its 30th AGM on 19 March 2026 via video conferencing, where 4 ordinary resolutions were approved with the required majority. Total voting turnout was extremely low at just 1.83% of outstanding shares (274,204 out of 15,008,107 shares), with 88% voting in favour (240,090 votes) and 12% against (34,114 votes). Notably, promoters and public institutions did not cast any votes, while only 42 public non-institutional shareholders participated. The resolutions covered approval of FY2022-23 audited financial statements, re-appointment of Mr. Ashish Rajeshbhai as a director retiring by rotation, and appointment of two new Non-Executive Independent Directors – Mr. Shankar Kokane and Mrs. Renu Beniwal. The Scrutinizer, CS Anuj Gupta, confirmed the e-voting process was fair and transparent.
The extremely low voter turnout (1.83%) and zero participation by promoters and institutional investors raise governance and engagement concerns. Shareholders should note the significant delay in holding this AGM, as it pertains to FY 2022-23 results being approved in March 2026. The board composition is changing with the addition of two new independent directors, which may influence future oversight and decision-making.