KOME-ON COMMUNICATION LIMITED announced significant organizational changes following its board meeting held on March 5, 2026. The meeting, which commenced at 12:00 P.M. and concluded at 01:30 P.M., resulted in key auditor appointments and board committee restructuring as communicated to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Auditor Appointments

The board approved two critical auditor appointments to strengthen the company's governance framework. M/s. Anuj Gupta & Associates, Company Secretaries, has been appointed as the Secretarial Auditor for a five-year term commencing from Financial Year 2025-26. Additionally, Mr Shaikh Shahabaz Nisar Ahmed has been appointed as the Internal Auditor.

Board Committee Reconstitution

The company has reconstituted three essential board committees with new leadership structures. The Audit Committee will be chaired by Ajay Suresh Yadav, a Non-Executive Independent Director, with Rinku Saini and Kusum Lata serving as members.

Committee Composition

Audit Committee:

Nomination and Remuneration Committee:

Stakeholders Relationship Committee:

Professional Profiles

M/s. Anuj Gupta & Associates brings extensive expertise in corporate laws, SEBI regulations, secretarial audit, corporate governance advisory, compliance management, and due diligence. The firm specializes in Companies Act, 2013, SEBI regulations, and allied corporate laws, assisting companies in regulatory compliance and corporate governance frameworks.

Mr Shaikh Shahabaz Nisar Ahmed joins as Internal Auditor with over 3 years of experience in accounting and financial operations. His background includes maintaining ledger accuracy, ensuring statutory compliance, and optimizing financial reporting, with a focus on strengthening internal controls and identifying operational inefficiencies.

These appointments and committee reconstitutions reflect the company's commitment to enhancing its governance structure and compliance framework. The changes were formally communicated through the official board meeting outcome document signed by Director Abhishek Kyal (DIN: 08184639).

Kome-On Communication Limited's Board of Directors conducted a comprehensive meeting on February 23, 2026, approving multiple quarterly and annual financial results spanning several financial years. The meeting, which commenced at 12:00 PM and concluded at 12:45 PM, addressed regulatory compliance under SEBI Listing Regulations for various reporting periods including the significant Q4FY24 results.

Board Meeting Outcomes and Comprehensive Approvals

The Board approved an extensive range of financial statements including unaudited results for Q1FY23 ended June 30, 2022, and comprehensive financial statements for FY24, FY25, and partial FY26. Key approvals encompassed quarterly results for multiple periods, annual audited statements, and associated auditor reports in compliance with Regulation 33 of SEBI Listing Regulations.

Q4FY24 Financial Performance with Exceptional Items

The company reported a significant net loss of ₹1321.86 lakhs for Q4FY24 ended March 31, 2024, primarily driven by exceptional items worth ₹1321.62 lakhs. Before exceptional items, the company recorded a loss of ₹0.24 lakhs with minimal other income of ₹0.05 lakhs. The annual performance showed total losses of ₹1327.65 lakhs compared to ₹130.29 lakhs in the previous year.

Annual Performance and Expense Analysis

For FY24, the company's total expenses reached ₹6.08 lakhs compared to ₹130.29 lakhs in FY23. Employee benefit expenses remained at ₹1.68 lakhs annually, while other expenses decreased to ₹4.17 lakhs from ₹127.10 lakhs in the previous year. Finance costs increased to ₹0.23 lakhs from ₹0.09 lakhs.

Balance Sheet Position and Cash Flow

The company's total assets declined significantly to ₹1.13 lakhs as of March 31, 2024, from ₹1327.04 lakhs in the previous year. Cash and cash equivalents decreased to ₹1.13 lakhs from ₹1.58 lakhs. The equity position turned negative at ₹12.74 lakhs due to accumulated losses, while total liabilities stood at ₹13.86 lakhs.

Audit Compliance and Regulatory Framework

Statutory auditors Jitendra Chandulal Mehta & Co. conducted the audit with CA Umang Vora providing certification under UDIN: 26150640HJFEYE7709. The audited results confirm compliance with Indian Accounting Standards and SEBI regulations, with the company maintaining its paid-up equity share capital at ₹1500.81 lakhs with a face value of ₹10 per share throughout the reported periods.