Fone4 Communications (India) Limited has announced a significant addition to its corporate leadership team, appointing Ms. Divya Shekhawat as the new Company Secretary and Compliance Officer. This strategic move, effective November 25, 2025, aims to strengthen the company's corporate governance and regulatory compliance framework.

Key Appointment Details

Appointment Significance

The appointment of Ms. Shekhawat comes as part of Fone4 Communications' commitment to maintaining robust corporate governance practices. As a qualified Company Secretary, she brings valuable experience in handling corporate compliances and allied laws to this key managerial position.

Regulatory Compliance

This appointment aligns with the following regulatory requirements:

• Section 203 of the Companies Act, 2013
• Regulation 6 of SEBI (Listing Obligations and Disclosure Requirements)
• Regulation 9(3) of the SEBI (Prohibition of Insider Trading) Regulations, 2015

Board Meeting Details

The appointment of Ms. Shekhawat was approved during this board meeting, demonstrating Fone4 Communications' proactive approach to ensuring compliance with regulatory standards and enhancing its corporate governance structure.

This strategic appointment is expected to contribute to Fone4 Communications' ongoing efforts to maintain transparency, ensure regulatory compliance, and uphold the highest standards of corporate governance.

Fone4 Communications (India) Limited , a company engaged in the trading and distribution of mobile phones and electronic gadgets, has released its financial results for the half-year ended September 30, 2025. The company reported a net loss of Rs 138.34 lacs, showing a slight improvement from the loss of Rs 142.02 lacs in the same period last year.

Financial Performance

The company's revenue from operations saw a significant decline, dropping to Rs 1,592.36 lacs from Rs 5,834.69 lacs year-over-year. This substantial decrease in revenue indicates challenging market conditions or potential shifts in the company's business operations.

Capital Raise and Fund Utilization

Fone4 Communications raised Rs 1,185 lacs through a preferential issue of 79 lakh equity shares at Rs 15 per share. The funds were allocated as follows:

The company has reported full utilization of the raised funds, with no deviations from the stated objectives.

Auditor Highlights and Compliance Issues

The auditors have raised several compliance concerns:

1. Non-filing of income tax returns for assessment years 2022-23 and 2023-24.
2. Undeposited TDS amounts of Rs 9.87 lacs and Rs 15.59 lacs.
3. Advances of Rs 1,150.40 lacs where work progress cannot be tracked.

These issues highlight potential regulatory and financial management challenges that the company needs to address.

Credit Facility Status

ICICI Bank declared the company's Rs 170 lacs credit facility as a non-performing asset in December 2023. As of September 2025, Rs 134.04 lacs remains outstanding. The matter is currently pending before the Debt Recovery Tribunal, with the next hearing scheduled for December 10, 2025.

Balance Sheet Overview

As of September 30, 2025, the company's financial position shows:

The company's current assets stand at Rs 1,778.38 lacs, while current liabilities are at Rs 1,745.47 lacs, indicating a tight liquidity position.

Cash Flow Analysis

The cash flow statement reveals:

• Net cash used in operating activities: Rs 1,186.78 lacs
• Net cash used in investing activities: Rs 0.11 lacs
• Net cash generated from financing activities: Rs 1,186.62 lacs

The significant cash inflow from financing activities, primarily from the preferential issue, has helped offset the cash outflow from operations.

While Fone4 Communications has taken steps to improve its financial standing through the preferential issue, the company faces significant challenges, including declining revenues, ongoing losses, and compliance issues. The management's ability to address these concerns and improve operational performance will be crucial for the company's future prospects.