Kome-On Communication Ltd Gears Up for AGM Amidst Delisting Proceedings

March 19, 2026, is the scheduled date for Kome-On Communication Limited's 30th Annual General Meeting (AGM), where shareholders will vote on the audited financial statements for FY 2022-23 and director appointments.

The company is also navigating delisting proceedings initiated by BSE Limited via an order dated December 11, 2025, concerning the potential compulsory delisting of its equity shares, and reported a catastrophic FY24 loss of ₹13.28 Cr with zero revenue.

Reader Takeaway: New directors bolster board; delisting threat looms large.

What just happened (today’s filing)

Kome-On Communication Limited has officially announced its 30th Annual General Meeting (AGM) will be held on March 19, 2026.

The primary agenda items include the adoption of the audited financial statements for the fiscal year 2022-23 and the appointment of directors to the board.

In a move to strengthen corporate governance, the company has appointed Mr. Shankar Kokane and Mrs. Renu Beniwal as Non-Executive Independent Directors.

Crucially, the company is embroiled in proceedings following a delisting order from BSE Limited, dated December 11, 2025. These proceedings, focused on the potential compulsory delisting of its equity shares, are ongoing and have a deadline of April 10, 2026.

Why this matters

The AGM serves as a critical juncture for shareholders to ratify financial disclosures and approve board changes, particularly the addition of independent directors.

The ongoing delisting proceedings represent a severe threat to the company's status as a publicly traded entity, directly impacting shareholder value and liquidity.

The backstory (grounded)

Kome-On Communication Limited operates in the media and entertainment industry, marketing serials and feature film software, and also rents studio equipment [cite:GROUNDED_RESEARCH_1].

The company has a track record of non-compliance with listing regulations, which has previously led to trading suspensions [cite:GROUNDED_RESEARCH_2].

Furthermore, past director positions were vacated due to non-adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, indicating ongoing governance challenges [cite:GROUNDED_RESEARCH_3].

What changes now

• Shareholders will have the opportunity to approve the FY23 financial performance and board composition at the AGM.
• The induction of independent directors is intended to enhance board oversight and governance standards.
• The company must actively engage in compliance efforts to address the BSE's delisting order by the April 10, 2026 deadline.
• Successful resolution of delisting proceedings could lead to the revocation of trading suspension.
• Failure to meet compliance requirements could result in the compulsory delisting of Kome-On Communication Limited's equity shares.

Risks to watch

• The primary risk is the outcome of the delisting proceedings with BSE Limited, which could lead to the compulsory removal of the company's shares from the exchange.
• Past governance issues, including vacated directorships due to SEBI non-compliance, suggest potential recurring compliance challenges.
• The catastrophic FY24 results showing zero revenue and a ₹13.28 Cr loss indicate severe operational and financial distress, posing an existential threat [cite:GROUNDED_RESEARCH_7].

Peer comparison

Kome-On Communication Limited's situation, marked by financial collapse and delisting threat, contrasts sharply with peers like Reliance Communications, which faced similar distress and eventual delisting [cite:GROUNDED_RESEARCH_4].

MTNL, another state-owned telecommunications company, has also navigated significant financial and operational hurdles, illustrating sector-wide pressures [cite:GROUNDED_RESEARCH_5].

Context metrics (time-bound)

• Delisting proceedings deadline: April 10, 2026.
• Director appointment term for Mr. Shankar Kokane: February 13, 2023 – February 12, 2028.
• Director appointment term for Mrs. Renu Beniwal: May 3, 2023 – May 2, 2028.

What to track next

• Monitor Kome-On Communication Limited's compliance submissions and communications with BSE regarding the delisting order.
• Observe the resolutions passed and outcomes of the 30th Annual General Meeting scheduled for March 19, 2026.
• Stay alert for any further regulatory pronouncements from BSE or SEBI concerning the company's listing status.
• Watch for any shareholder actions or official statements addressing the delisting threat.
• The company's ability to meet the April 10, 2026, compliance deadline will be a key determinant.