Dear Sir(s), Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements), 2015, inform you that the meeting of the Board of Directors of Toyam Sports Limited ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board, which met on January 9, 2026, approved the unaudited standalone and consolidated financial results for the half-year ended September 30, 2025, along with the Limited Review Report. On a standalone basis, the company's net loss narrowed significantly to Rs 24.39 lakh from Rs 366.41 lakh in H1 FY25. However, the consolidated picture is far weaker — revenue from operations collapsed to Rs 137.49 lakh (from Rs 565.38 lakh a year ago) and net loss ballooned to Rs 883.19 lakh. The consolidated results include two massive exceptional items: an Investment Impairment of Rs 972.79 lakh and a Goodwill Impairment of Rs 2,659.19 lakh. Auditor ASGR & Co. issued a Qualified Conclusion, flagging concerns around missing ECL provisioning on financial assets, no impairment analysis of loans, RBI non-compliance since financial assets exceed 50% of total assets, ongoing SEBI investigation with shares frozen by the Enforcement Directorate, and non-compliance with statutory dues such as TDS and professional tax.
The qualified audit opinion, huge goodwill write-down, plunging consolidated revenue, and active SEBI/ED scrutiny point to deep financial and governance stress — a negative read for shareholders with limited visibility on recoverability of loans and regulatory outcomes.