Toyam Sports Limited's board of directors approved the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, at a meeting held on April 23, 2026, at the company's registered office in Mumbai. The board authorized Mr. Shahnawaz Sayed to sign and submit the financial results to the stock exchanges. Additionally, the board approved the appointment of Nidhi Bajaj & Associates as Practicing Company Secretary effective April 23, 2026, subject to shareholders' approval at the upcoming shareholders' meeting.

The standalone financial results for the quarter ended December 31, 2025, reported total income of Rs. 0 lakhs compared to Rs. 102.67 lakhs in the corresponding quarter of the previous year. Total expenses stood at Rs. 2.28 lakhs, resulting in a net loss of Rs. 2.28 lakhs for the quarter. For the nine months ended December 31, 2025, the company reported a net loss of Rs. 27.98 lakhs. The paid-up equity share capital remained constant at Rs. 5,778.15 lakhs with a face value of Rs. 1 each.

Standalone Financial Performance

The consolidated financial results presented a more challenging picture. Total income for the quarter ended December 31, 2025, was Rs. 0 lakhs, while total expenses reached Rs. 617.92 lakhs, resulting in a net loss of Rs. 617.92 lakhs. For the nine months period, the net loss widened to Rs. 1,523.14 lakhs. The consolidated results include the performance of subsidiaries Kumite 1 League Private Limited and Pacific Star Sports Services L.L.C.

Consolidated Financial Performance

Audit Qualifications

The auditors, A S G R & Co., issued a qualified opinion on both standalone and consolidated financial results. The key qualifications include:

• The company has not provided for impairment of financial assets using the Expected Credit Loss (ECL) approach as required by Ind AS 109, with financial activities constituting over 50% of funds
• No impairment analysis has been carried out on loans and advances given to various companies despite indications of impairment, as required by Ind AS 36
• Financial assets exceed 50% of total assets, requiring compliance with Section 45-IA of the Companies Act and RBI regulations, but compliance information has not been provided
• The company has received notices from SEBI, and the impact of ongoing investigations on financial results remains unascertainable
• Economic benefits realizable from Merchandising Agreements have not been deliberated upon
• The company has not complied with statutory liabilities including professional tax and TDS

The auditors noted that these qualifications are repetitive in nature. Management stated that they do not foresee any potential credit loss from financial instruments and that loans identified as non-recoverable have already been written off. The company is cooperating with SEBI investigations and confirmed no other proceedings related to share freezing are known apart from the SEBI matter. Management attributed inability to meet statutory liabilities to fund shortages caused by losses in the LLC T20 Cricket League.

Toyam Sports Limited has submitted its mandatory regulatory certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was filed with stock exchanges on April 13, 2026, ensuring compliance with regulatory requirements.

Regulatory Filing Details

The company filed the certificate under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. The submission was made to both BSE Limited and Metropolitan Stock Exchange of India Limited, where the company's shares are listed.

Compliance Confirmation

The certificate includes confirmation from MAS Services Limited, the company's registrar, regarding adherence to dematerialization procedures. The registrar confirmed that all securities received from Depository Participants for dematerialization during the specified period were processed within the mandated 15-day timeframe.

Key compliance aspects covered in the certificate include:

• Timely confirmation of securities to depositories within 15 days
• Proper mutilation and cancellation of physical certificates
• Substitution of depository names in the register of members
• Updates provided to depositories and stock exchanges within regulatory timelines
• Maintenance of updated member registers

Regulatory Framework

The filing references NSDL circular NSDL/CIR/II/5/2019 dated January 25, 2019, and CDSL circular CDSL/OPS/RTA/POLICY/2019/14 dated January 25, 2019. These circulars provide guidance on compliance requirements for listed companies regarding dematerialization processes.

Corporate Governance

The certificate was signed by Nayan Sablok, Company Secretary of Toyam Sports Limited, demonstrating the company's commitment to regulatory compliance and corporate governance standards. The digital signature authentication confirms the document's authenticity and proper authorization.

This quarterly filing represents part of the company's ongoing regulatory obligations as a publicly listed entity, ensuring transparency and compliance with SEBI's depositories and participants regulations.