Please find attached revise report for the period ending march 2025.
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Awaiting price reaction for this filing.
Toyam Sports Ltd has filed a revised Annual Secretarial Compliance Report for FY25, which reveals multiple compliance lapses. The company faced show cause notices and summons from SEBI regarding investigations into its previous preferential issue and ESOP allotments. It incurred SOP fines totalling roughly Rs 20+ lakh from BSE and MSEI for delayed filings of financial results, related-party transaction disclosures, Annual Secretarial Compliance Reports, and non-compliant board composition (lacking required independent directors) during Q1, Q2 and Q3 of FY25. The board approved a preferential allotment of 31,25,000 equity shares to Applytiz Tech Private Limited in December 2024 (shareholder approval in January 2025), but in-principle approval from stock exchanges is still pending. The company also allotted 1,25,00,000 equity shares to its Managing Director under ESOP Scheme 2020. As of May 30, 2025, audited FY25 financial results had not yet been submitted, and several penalties remained unpaid.
This filing signals significant governance and compliance concerns for shareholders — ongoing SEBI scrutiny, unresolved board composition issues, and a pattern of delayed regulatory disclosures. The unpaid penalties and pending regulatory approvals create uncertainty around the preferential allotment and could weigh on investor confidence and the stock price in the near term.