Toss The Coin appoints internal and secretarial auditors for FY 2026-27

1 min read     Updated on 29 May 2026, 11:04 PM
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Suketu GScanX News Team
AI Summary

Toss The Coin Limited has appointed M/s. Ashok Golechha & Co as Internal Auditors and M/s. Chetan Bafna and Co as Secretarial Auditors for the financial year 2026-27. The Board of Directors approved the appointments on May 29, 2026, for a term of one year. The disclosures were made in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

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Toss The Coin Limited has appointed M/s. Ashok Golechha & Co as Internal Auditors and M/s. Chetan Bafna and Co as Secretarial Auditors for the financial year 2026-27. The Board of Directors approved these appointments at its meeting held on May 29, 2026. The appointments are effective for a term of one year, covering the upcoming financial year.

M/s. Ashok Golechha & Co, Chartered Accountants, will serve as the Internal Auditors. The firm is based in Chennai and offers services including Audit and Tax Advisory, Compliance, Assurance Services, and Asset Management Services. The disclosure regarding this appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

M/s. Chetan Bafna and Co, Practicing Company Secretaries, have been appointed as Secretarial Auditors. The firm, also based in Chennai, specializes in the Companies Act, SEBI Regulations, IPO, Buy Back of securities, and Due Diligence. The firm is a peer-reviewed entity with Unique Identification No. S2020TN736500.

The company confirmed that there is no relationship between the appointed auditors and the directors of the company. The disclosures were submitted to the Bombay Stock Exchange Limited.

Details of Appointments

Auditor Firm Role Term Date of Appointment
M/s. Ashok Golechha & Co Internal Auditor 1 year (FY 2026-27) 29.05.2026
M/s. Chetan Bafna and Co Secretarial Auditor 1 year (FY 2026-27) 29.05.2026

Historical Stock Returns for Toss The Coin

1 Day5 Days1 Month6 Months1 Year5 Years
-5.38%+20.12%-5.38%-39.85%-44.04%-32.24%

What specific compliance or operational improvements does Toss The Coin Limited aim to achieve with these new auditor appointments?

How will the appointment of specialized Chennai-based firms impact the company's governance standards for FY 2026-27?

Could these auditor changes signal a shift in the company's financial strategy or regulatory focus ahead of the new fiscal year?

Toss The Coin FY26 net profit rises 115% on revenue surge

2 min read     Updated on 29 May 2026, 11:01 PM
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Shriram SScanX News Team
AI Summary

Toss The Coin reported a 115.5% increase in net profit to ₹270.42 lakh for FY26, driven by a 69.9% rise in revenue to ₹1,469.63 lakh. The board approved the audited results on May 29, 2026, with statutory auditors issuing an unmodified opinion. The company remains debt-free, with ₹577.86 lakh of IPO proceeds parked in fixed deposits.

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Toss The Coin reported a 115.5% increase in net profit to ₹270.42 lakh for the financial year ended March 31, 2026, driven by a significant rise in revenue from operations. Revenue for the year surged 69.9% to ₹1,469.63 lakh from ₹864.86 lakh in the previous year, reflecting strong operational performance. The company’s earnings per share (EPS) for the year improved to ₹14.31 from ₹8.17 in the prior year.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The statutory auditors, M/s. CNGSN & Associates LLP, issued an unmodified opinion on the audited financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for the company’s equity shares will open 48 hours after the declaration of these results.

For the half-year ended March 31, 2026, the company recorded a profit of ₹127.05 lakh, compared to ₹9.37 lakh in the corresponding period of the previous year. Revenue from operations for the half-year stood at ₹781 lakh, up from ₹429.18 lakh in the year-ago period. Total income for the half-year increased to ₹813.57 lakh from ₹445.54 lakh.

The financial statements indicate that the company has no external debt as of the reporting date. A portion of the proceeds from the Initial Public Offering (IPO), aggregating to ₹577.86 lakh, remains unutilised and has been temporarily parked in interest-bearing fixed deposits with scheduled commercial banks. The auditors verified that the utilised IPO proceeds were deployed for the stated objects.

The balance sheet as of March 31, 2026, shows total assets at ₹1,558.65 lakh, up from ₹1,422.68 lakh in the previous year. Shareholders' equity, comprising share capital and reserves, increased to ₹1,417.54 lakh from ₹1,298.31 lakh. Cash and bank balances stood at ₹237.40 lakh, while short-term loans and advances amounted to ₹781.42 lakh.

Financial Performance for FY26

Particulars Year Ended 31.03.2026 (₹ in Lakhs) Year Ended 31.03.2025 (₹ in Lakhs)
Revenue from Operations 1,469.63 864.86
Total Income 1,527.06 884.22
Total Expenses 1,165.99 715.94
Profit Before Tax 361.07 168.28
Net Profit 270.42 125.51
Basic EPS (₹) 14.31 8.17

IPO Proceeds Utilisation

Particulars Amount (₹ in Lakhs)
Total IPO Size 917.28
Actual Utilisation 339.42
Unutilised Amount 577.86

Historical Stock Returns for Toss The Coin

1 Day5 Days1 Month6 Months1 Year5 Years
-5.38%+20.12%-5.38%-39.85%-44.04%-32.24%

What are the company's strategic plans for deploying the remaining ₹577.86 lakh in unutilised IPO proceeds?

Can the company sustain its 69.9% revenue growth rate in the upcoming financial year given the current market conditions?

How does Toss The Coin plan to utilize its debt-free status to fuel future expansion or acquisitions?

More News on Toss The Coin

1 Year Returns:-44.04%