Kome-On Communication Limited reported a net loss of ₹89.42 lakh for the financial year ended March 31, 2026, a significant increase from the net loss of ₹1.38 lakh in the previous year. The company recorded zero revenue from operations for the year, while total expenses rose to ₹89.42 lakh, primarily driven by professional fees of ₹80.96 lakh. To support business operations, the board approved an unsecured loan facility of ₹2 crore from Avance Ventures Private Limited, carrying an interest rate of 2% per month for a tenure of 5 years.

Financial Performance

The financial performance for the quarter and year ended March 31, 2026, reflects continued operational challenges. Revenue from operations remained at ₹0.00 for both the quarter and the full year. Total income for the year stood at ₹0.00, down from ₹0.05 lakh in the previous year. Employee benefit expenses for the year were recorded at ₹1.78 lakh, while other expenses totaled ₹87.64 lakh.

The basic and diluted earnings per share (EPS) for the year stood at (0.60), compared to (0.01) in the previous year. The company's equity share capital remained unchanged at ₹1,500.81 lakh.

Board Approvals and Corporate Actions

During the meeting held on May 28, 2026, the board approved the execution of a loan agreement with Avance Ventures Private Limited. The company will avail an unsecured loan facility of ₹2 crore towards business and working capital requirements. The loan carries an interest rate of 2% per month and has a tenure of 5 years.

Auditor's Report and Compliance

Jitendra Chandulal Mehta & Co., Chartered Accountants, audited the financial results and issued an unmodified opinion. The report confirms that the financial results give a true and fair view of the company's state of affairs as of March 31, 2026. The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013.

Kome-On Communication Limited has submitted its secretarial compliance report for the financial year ended March 31, 2026, highlighting the company's efforts to address regulatory non-compliances that led to trading suspension and delisting proceedings.

Regulatory Background and Suspension

The company faced significant regulatory challenges during the review period. BSE Limited suspended the equity shares of Kome-On Communication Limited on August 16, 2024, following a non-compliance notice due to continued non-adherence to certain regulatory and listing requirements.

The regulatory proceedings escalated when BSE Limited issued a Show Cause Notice (SCN) dated June 10, 2025, regarding the proposed compulsory delisting of the company's equity shares under the SEBI (Delisting of Equity Shares) Regulations, 2021. The company responded to this notice on June 20, 2025, and subsequently appeared before the Delisting Committee, which granted additional time to address pending compliance issues.

Compliance Timeline and Current Status

According to the secretarial compliance report prepared by Anuj Gupta & Associates, Company Secretaries, the company has complied with all applicable statutory and regulatory requirements as of March 10, 2026, including those identified by the SOP and Delisting Team of BSE Limited.

Outstanding Non-Compliance Issues

The report identifies one remaining area of non-compliance:

The company has assured that it will comply with the promoter shareholding requirement as soon as possible.

Corporate Governance and Management Structure

The report confirms the company's current leadership structure:

• CEO & CFO: Sachin Mishra
• Executive Director: Abhishek Kyal
• Non-Executive Director: Kusum Lata
• Independent Directors: Rinku Saini and Ajay Suresh Yadav
• Compliance Officer: Sonia Bhimrajka (appointed January 30, 2026)
• Secretarial Auditor: Anuj Gupta (appointed for 5 years on February 24, 2026)

Company Financial Details

The report provides key corporate information:

The secretarial compliance report confirms that the company has implemented adequate Board-level processes and internal compliance mechanisms to ensure adherence to applicable laws and regulations going forward.