Please find attached annoucement under Regulation 30 for resignation of statutory auditor of the company
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Toyam Sports Ltd has informed the stock exchanges that M/s. Manoj Vatsal & Co., Chartered Accountants resigned as the Statutory Auditor of the company. The auditor's resignation letter is dated 27th June 2025, and the company disclosed this on 28th June 2025 under SEBI LODR Regulation 30. No reasons for the resignation have been mentioned in the filing. The disclosure was signed by Shahnawaz Sayed, Executive Director of the company.
Auditor resignations, especially without stated reasons, can raise governance concerns among investors. Shareholders should watch for any follow-up disclosure explaining the reasons for the resignation and the company's plan to appoint a new statutory auditor, as unexplained auditor exits are generally viewed negatively by the market.