Toyam Sports Ltd

Audit qualification disclosure

• Subject: disclosure of impact of audit qualifications on standalone and consolidated results.
• Pursuant to SEBI notification LAD-NRO/GN2016-17/001 and CIR/CFD/CMD/56/2016.
• Enclosed statement on impact of audit qualifications for the quarter and year ended March 31, 2026.
• Impact relates to standalone and consolidated financial results.
• Company Secretary Nayan Sablok signed the communication; digitally signed.
• Filing was submitted to stock exchanges: MSEI and BSE.

Board approvals

• Board approves audited standalone and consolidated results for quarter and year ended 31 March 2026.
• Auditors' report on standalone and consolidated results submitted; declaration adopted under Regulation 33(3)(d) LODR.
• Related party transaction statement adopted as on 31 March 2026 under Regulation 23(9) LODR.
• Statutory auditors expressed a modified opinion for FY2025-26; declaration submitted.

Meeting Details

• Date: 17 July 2026
• Time: Not disclosed
• Location: Registered office, 503, Shri Krishna Complex, Opp. Laxmi Industrial Estate, New Link Road, Mumbai 400053

Key Agenda Items

• Standalone and Consolidated audited financial results for the quarter and year ended March 31, 2026
• Auditor Report on the financial results for the quarter and year ended March 31, 2026

Other Notes

• Trading window will open 48 hours after declaration of audited results for quarter/year ended March 31, 2026

Meeting Details

• Board meeting scheduled for 23 April 2026.
• Meeting to be held at the company's registered office.

Key Agenda Items

• Approve standalone and consolidated unaudited financial results for quarter ended 31 December 2025.
• Consider the limited review report for the quarter ended 31 December 2025.

Other Notes

• Trading window opens 48 hours after declaration of the quarter ended 31 December 2025 results.

Financial Results and Audit

• Board approved unaudited standalone and consolidated financial results for H1 ended 30 Sept 2025 on 9 Jan 2026.
• Auditor issued qualified review report citing non-provision for impairment of financial assets under Ind AS 109 (ECL approach).
• Auditor noted absence of impairment analysis on loans and advances despite indications under Ind AS 36.
• Consolidated results include subsidiaries Kumite 1 League Pvt Ltd and Pacific Star Sports Services LLC, reporting subsidiary losses.
• Auditor concluded financial results comply with accounting standards except for noted impairment and disclosure issues.

Compliance and Regulatory Matters ️

• Company’s financial assets exceed 50% of total assets; compliance with RBI Act and Companies Act provisions not confirmed.
• Non-compliance with statutory liabilities such as Professional Tax and TDS reported; financial and legal implications unclear.
• SEBI investigation ongoing; some shares frozen by Enforcement Directorate; impact on financial results and shareholding unascertainable.
• Company cooperating with SEBI investigation and responded to notices; no other proceedings disclosed related to share freezing.

Other Material Information

• Company has not assessed economic benefits from merchandising agreements; potential impact unknown.
• Financial impact of SEBI proceedings and statutory non-compliances remains uncertain due to ongoing investigations and fund shortages.

🗓️ Meeting Details

• Board meeting scheduled for Thursday, 8th January 2026 at Toyam Sports Limited's registered office.

📊 Financial Performance

• Approval of standalone and consolidated unaudited financial results for quarter and half year ended September 30, 2025.
• Consideration of Limited Review Report on financial results for quarter and half year ended September 30, 2025.