Please find attached announcement under Regulation 30 for resignation of Chief Financial officer.
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Mr. Mazhar Shaikh has resigned as Chief Financial Officer of Toyam Sports Ltd with immediate effect from 23rd April 2025, citing personal reasons. He had been serving as CFO since 14th August 2023, giving him a tenure of roughly 1.5 years. The company has confirmed there are no other material reasons behind his departure. The Board will formally consider and approve his resignation at its next meeting. The announcement was signed by Executive Director Shahnawaz Sayed.
CFO resignations can create short-term uncertainty around financial reporting and leadership continuity, though the reason cited (personal) is routine and no governance red flag has been flagged. Shareholders should watch for an announcement on a new CFO appointment in the coming weeks.