Kome-On Communication Limited (BSE: KOMEON) reported a net loss of ₹89.42 lakh for the fiscal year ended March 31, 2026, widening significantly from the ₹1.38 lakh loss posted in FY25. The company generated zero revenue from sales turnover and other income sources during the period.

Total expenditure for the year stood at ₹88.99 lakh, a sharp increase from the ₹1.38 lakh incurred in the preceding financial year. This rise in costs occurred against a backdrop of no operational income, leading to a profit before depreciation of negative ₹88.99 lakh. The company did not declare any dividend for the year.

Financial Performance

The financial results for FY26 highlight a complete absence of top-line growth alongside rising operational outflows. The key financial metrics are detailed below:

Note: Figures are in lakhs as per the annual report.

Expense Breakdown

The surge in total expenditure was largely driven by professional fees and compliance-related costs. According to the notes to the financial statements:

• Professional Fees: ₹80.66 lakh
• Listing Expenses: ₹3.49 lakh
• Other Expenses: ₹3.49 lakh (including audit fees of ₹0.30 lakh, rent of ₹0.10 lakh, and RTA charges of ₹1.91 lakh)
• Office Expenses: ₹0.37 lakh

Employee benefit expenses were minimal at ₹1.78 lakh, primarily comprising salaries. The company did not incur any depreciation charges during the year.

What the Numbers Show

The financial data reveals a critical divergence between revenue generation and cost structure. With zero sales turnover and zero other income, the company’s entire expenditure of ₹88.99 lakh represents a direct drag on equity. Professional fees alone accounted for approximately 90.6% of the total expenditure (₹80.66 lakh out of ₹88.99 lakh), indicating that the majority of cash outflows were related to advisory or compliance services rather than core operational activities. This concentration suggests the company is in a maintenance or restructuring phase with no active commercial operations generating cash flow.

Regulatory and Corporate Governance Updates

The Secretarial Audit Report disclosed significant regulatory developments regarding the company’s listing status. The Bombay Stock Exchange (BSE) issued a Show Cause Notice on June 10, 2025, concerning the proposed compulsory delisting of the company’s equity shares under the SEBI (Delisting of Equity Shares) Regulations, 2021.

Following a hearing before the Delisting Committee, the company received a delisting order on December 11, 2025, granting a four-month period until April 2026 to complete pending compliances. The company stated it has completed all pending compliance requirements and paid outstanding fines and penalties. An application for revocation of the suspension has been filed, and the company is awaiting final approval from BSE.

The Board of Directors, led by Managing Director Abhishek Suresh Kyal, also sought shareholder approval to enhance limits for making investments, loans, or guarantees under Section 186 of the Companies Act, 2013. The proposed limit for such transactions is capped at ₹15 crore.

Kome-On Communication Limited has fixed September 10, 2026, as the date for its 33rd Annual General Meeting (AGM). The meeting will be conducted via video conferencing or other audio-visual means (VC/OAVM) at 12:00 pm. The primary agenda includes seeking shareholder approval for a substantial increase in the company's authorised share capital from ₹15.01 crore to ₹65.01 crore.

The board of directors, in a meeting held on August 17, 2026, approved the proposal to create 5,00,00,000 additional equity shares of face value ₹10 each. This move aims to provide adequate headroom for future equity issuances to support business growth, expansion plans, fundraising requirements, and strategic investments.

Key Agenda Items

In addition to the capital enhancement, the AGM will transact the following ordinary and special business:

• Re-appointment of Director: Shareholders will vote on the re-appointment of Mr. Abhishek Suresh Kyal (DIN: 08184639), Managing Director, who retires by rotation and is eligible for re-appointment.
• Adoption of Financials: Consideration and adoption of the audited financial statements for FY26, including the balance sheet, statement of profit and loss, cash flow statement, board’s report, and statutory auditor’s report.
• Section 186 Limits: Approval via special resolution to enhance limits for making investments, giving loans, or providing guarantees under Section 186 of the Companies Act, 2013. The proposed overall limit is ₹15 crore, outstanding at any point in time.

E-Voting and Participation Details

The company has engaged MUFG Intime India Private Limited to facilitate remote e-voting. The e-voting period is scheduled to begin on September 7, 2026, at 9:00 am and end on September 9, 2026, at 5:00 pm.

Shareholders whose names appear in the register of members as on the record date of September 3, 2026, are eligible to cast their votes electronically. The facility allows individual shareholders holding securities in demat mode to vote through their depository accounts (NSDL/CDSL) or via the InstaVote platform. Physical shareholders and non-individual demat holders must register on the InstaVote portal to participate.

What the Numbers Show

The proposed increase in authorised share capital represents a significant expansion of the company’s potential equity base. By moving from ₹15.01 crore to ₹65.01 crore, Kome-On Communication creates a buffer of ₹50 crore for future equity raises. This structural change allows the firm to execute strategic initiatives or raise funds without needing immediate further regulatory alterations to its memorandum of association, thereby enhancing operational flexibility.