Kome-On Communication Limited reported a net loss of ₹89.55 lakh for the quarter ended June 30, 2026, as it recorded zero revenue from operations. The financial results, approved by the Board of Directors on August 10, 2026, highlight a sharp deterioration in profitability compared to the same period last year, raising concerns about the company's ongoing operational viability and cash burn rate.

The unaudited results were filed with BSE Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The figures were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, who confirmed no material impact on the reported outcomes.

Financial Performance

Kome-On Communication generated no income from operations during Q1FY27, continuing a trend of operational stagnation observed in recent quarters. The absence of revenue contributed to a widening net loss, which stood at ₹89.55 lakh for the current quarter. This compares to a minimal loss of ₹0.12 lakh in Q1FY26, indicating a substantial increase in expenses relative to income.

For the full fiscal year FY26, the company reported a net loss of ₹89.42 lakh. Equity share capital remained unchanged at ₹1,500.81 lakh, while reserves were nil, reflecting the cumulative impact of past losses.

What the Numbers Show

The divergence between the negligible loss in Q1FY26 and the significant deficit in Q1FY27 suggests an acceleration in cost outflows despite zero revenue generation. With reserves exhausted and no operational income, the company's ability to sustain operations without external capital infusion or strategic restructuring remains uncertain.

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.