Kome-On Communication Limited has released its secretarial compliance report for the financial year ended March 31, 2025, prepared by Abbas Jawadwala & Associates, Company Secretaries. The report highlights the company's ongoing regulatory challenges and comprehensive remedial actions undertaken to address non-compliances with listing obligations under SEBI regulations.

Regulatory Actions and Delisting Timeline

The company's regulatory challenges continued from the previous year, with BSE Limited maintaining the suspension of equity shares that began on August 16, 2024. The situation progressed through several key regulatory milestones during the review period.

Following the company's response and hearing before the Delisting Committee, BSE granted additional time to address pending compliance issues. The exchange issued an order dated December 11, 2025, providing a four-month period until April 2026 for completing outstanding compliance requirements.

Key Non-Compliances and Current Status

The secretarial audit identified specific areas of non-compliance with SEBI regulations. The primary issue relates to promoter shareholding requirements under SEBI circular SEBI/CIR/ISD/3/2011 and SEBI (LODR) Regulations, 2015.

Regarding insider trading compliance, the company maintains records manually due to limited business activities and no operational turnover. The management has represented that no material Unpublished Price Sensitive Information (UPSI) has been generated that could result in potential information leakage.

Organizational Changes and Appointments

The company has undertaken significant organizational restructuring to strengthen its compliance framework. Key appointments made during the period include strategic positions to ensure regulatory adherence.

The appointment of Jitendra Chandulal Mehta & Co. as Statutory Auditors followed the resignation of AMD & CO, Chartered Accountants on June 21, 2025. Anuj Gupta's appointment as Secretarial Auditor for five years is subject to AGM approval scheduled for March 19, 2026.

Compliance Status and Remedial Actions

As of March 10, 2026, the company has addressed all applicable statutory and regulatory requirements that were previously pending, including those specifically identified by the SOP and Delisting Team of BSE Limited. The management has implemented adequate Board-level processes and internal compliance mechanisms to ensure adherence to applicable laws and regulations.

Company Profile and Capital Structure

Kome-On Communication Limited, incorporated in 1994, maintains its registered office at 3rd Floor, Chinubhai House, 7-B Amrutbaug Colony, Opp: Sardar Patel Stadium, Near Hindu Colony, Navrangpura, Ahmedabad-380014. The company has an authorized capital of ₹15,01,00,000 and paid-up capital of ₹15,00,81,070. During the review period, the company's operations remained substantially inactive, contributing to several compliance lapses that have since been addressed through comprehensive remedial measures.

KOME-ON COMMUNICATION LIMITED conducted a comprehensive Board meeting on February 23, 2026, from 12:00 P.M. to 12:45 P.M., approving multiple sets of financial results across several financial years under Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Results Approved for FY 2022-23

The Board approved unaudited financial results for the quarter ended June 30, 2022, along with the Independent Auditor's Limited Review Report. The company also approved complete financial statements for FY 2023-24, including quarterly results for September 2023, December 2023, and the audited annual results for March 2024.

Comprehensive Approvals for FY 2024-25

For the financial year 2024-25, the Board approved a complete set of financial statements including quarterly results for June 2024, September 2024, December 2024, and the audited annual results for March 2025. Each set included corresponding auditor reports and supporting financial documents.

Current Year Results for FY 2025-26

The company also approved financial results for the ongoing financial year 2025-26, covering the first two quarters. However, there appears to be some inconsistency in the documentation regarding the specific periods covered for this financial year.

Regulatory Compliance and Documentation

All approved financial results comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's statutory auditor, Jitendra Chandulal Mehta & Co., Chartered Accountants (Firm Reg. No.: 104288W), conducted limited reviews for quarterly results and full audits for annual results.

The meeting was authorized by Director Abhishek Kyal (DIN: 08184639), who signed off on all approved financial documents. Each set of results includes comprehensive financial statements, balance sheets, profit & loss accounts, cash flow statements, and detailed notes and annexures as required by regulatory standards.

Board Meeting Details

The Board meeting commenced at 12:00 P.M. and concluded at 12:45 P.M. on February 23, 2026, with all approvals made in accordance with SEBI regulations. The comprehensive nature of the approvals suggests the company was updating multiple periods of financial reporting in a single meeting session.