Please find attached results for the quarter ended 30.06.2025
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Toyam Sports Ltd reported a weak Q1 FY26 with standalone revenue from operations at zero versus ₹39.90 lakhs in the previous quarter and ₹287.35 lakhs in the same quarter last year on a consolidated basis. Standalone net loss widened to ₹14.44 lakhs and consolidated net loss stood at ₹70.87 lakhs, against a consolidated profit of ₹363.40 lakhs in Q1 FY25. The Board appointed Mr. Shahnawaz Sayed as new CFO and Mr. Nayan Sablok as Company Secretary, while recommending ASGR and Co. as the new statutory auditor for shareholder approval at the 40th AGM on September 30, 2025. The auditor issued a qualified opinion citing multiple repetitive issues: no expected credit loss provisioning on financial assets, no impairment analysis on loans and advances, likely NBFC non-compliance since over 50% of assets are financial in nature, and ongoing SEBI investigation with shares frozen by the Enforcement Directorate. FY25 saw massive exceptional losses of ₹2,832.92 lakhs (standalone) and ₹3,631.98 lakhs (consolidated) from investment and goodwill impairments.
This is a deeply concerning filing for shareholders — zero operating revenue, ongoing SEBI probe, ED-frozen shares, repetitive audit qualifications, and possible NBFC regulation breaches signal serious financial and governance distress. Investors should expect continued volatility and view this stock as high-risk pending clarity on the SEBI investigation, ED actions, and the new auditor's findings.