Kome-On Communication Posts FY2026 Audited Results
Kome-On Communication Limited (KOCL) has released its audited standalone financial results for the quarter and year ended March 31, 2026. The results have been prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has received an independent auditor's report confirming an unmodified opinion on the financial statements for the stated period.
Clean Audit Opinion Confirmed
The company's declaration confirms that the standalone financial results for the year ended March 31, 2026, carry an unmodified opinion from its independent auditors. This indicates that the auditors found no qualifications or adverse remarks in the financial statements, in compliance with the requirements under Regulation 33(3)(d) as amended by the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2016. The clean audit outcome reflects the company's adherence to regulatory reporting standards.
Board Approves ₹2 Crore Unsecured Loan from Avance Ventures
The board of directors has considered and approved the execution of a loan agreement between KOCL and Avance Ventures Private Limited. The company will avail an unsecured loan facility of INR 2,00,00,000 (Rupees Two Crore Only) towards business and working capital requirements. The loan carries an interest rate of 2% per month with a tenure of 5 years, subject to the terms and conditions outlined in the agreement.
Loan Terms Summary
- Lender: Avance Ventures Private Limited
- Loan Amount: ₹2,00,00,000 (Two Crore Rupees)
- Interest Rate: 2% per month
- Tenure: 5 years
- Type: Unsecured facility
- Purpose: Business and working capital requirements
The announcement reflects KOCL's strategic move to secure funding for operational needs. The monthly interest rate of 2% translates to 24% per annum, which aligns with market norms for such credit facilities. Investors and stakeholders may monitor future disclosures for updates on utilization of funds and impact on the company's financial position.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Readers are advised to conduct their own research or consult a qualified financial advisor before making any investment decisions.