Toyam Sports Limited announced its Q2FY26 quarterly and H1FY26 half-yearly financial results through a board meeting held on January 9, 2026. The company, formerly known as Toyam Industries Limited, operates primarily in sports promotion and has presented both standalone and consolidated financial statements for the quarter and half-year ended September 30, 2025.

Standalone Financial Performance

The standalone results revealed challenging operational conditions for the company during the reporting period. The company reported zero revenue from operations for both Q2FY26 and H1FY26, contrasting with ₹47.48 lakhs in Q2FY25 and ₹86.60 lakhs in H1FY25.

The company's expense structure showed significant reduction compared to the previous year, with total expenses declining from ₹386.41 lakhs in Q2FY25 to ₹8.81 lakhs in Q2FY26. Employee benefits expense decreased substantially from ₹304.34 lakhs to ₹0.42 lakhs, while operating expenses dropped from ₹63.25 lakhs to ₹0.04 lakhs.

Consolidated Financial Results

The consolidated performance presented a different picture, showing revenue generation but higher absolute losses. Consolidated revenue from operations reached ₹88.74 lakhs in Q2FY26, representing an 82.00% increase from ₹48.75 lakhs in Q2FY25.

For H1FY26, consolidated revenue totaled ₹88.74 lakhs compared to ₹565.38 lakhs in H1FY25, while the net loss increased to ₹883.19 lakhs from ₹26.38 lakhs in the previous year.

Balance Sheet Position

The company's financial position as of September 30, 2025, showed total assets of ₹29,557.00 lakhs on a standalone basis, compared to ₹29,580.00 lakhs as of March 31, 2025. The consolidated balance sheet reflected total assets of ₹30,477.61 lakhs versus ₹31,221.58 lakhs in the previous period.

Auditor Concerns and Regulatory Issues

The auditors issued qualified conclusions for both standalone and consolidated results, highlighting several significant concerns. These include inadequate impairment assessment of financial assets under Indian Accounting Standard 109, non-compliance with regulatory requirements given that financial assets exceed 50% of total assets, and ongoing SEBI proceedings with frozen shares.

Additional concerns raised by auditors encompass non-compliance with statutory liabilities such as professional tax and TDS, and uncertainty regarding economic benefits from merchandising agreements. The auditors noted that the company has received notices from SEBI, with investigations pending and potential impacts on financial results remaining unascertainable.

Corporate Structure and Operations

The consolidated results include the holding company and its subsidiaries: Kumite 1 League Private Limited and Pacific Star Sports Services L.L.C. The company maintains its primary focus on sports promotion activities, with no separate reportable segments under Indian Accounting Standard 108.

The paid-up equity share capital remained stable at ₹5,778.15 lakhs with a face value of ₹1 per share across all reporting periods. The company's registered office is located at 503, Shri Krishna Complex, Opp. Laxmi Industrial Estate, New Link Road, Andheri West, Mumbai-400053.

Toyam Sports Limited has officially announced a board meeting scheduled for January 8, 2026, to review and approve the company's financial performance for the second quarter of fiscal year 2026. The announcement was made through formal communication to stock exchanges on January 4, 2026, demonstrating the company's commitment to regulatory compliance and transparent corporate governance.

Board Meeting Details

The board meeting will be held at the company's registered office on Thursday, January 8, 2026. The meeting has been convened under Regulation 29 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, ensuring proper advance notice to market participants and stakeholders.

Financial Results Review Agenda

The board will consider and approve several critical financial documents during the meeting. The primary focus will be on the company's performance for the quarter and half-year ended September 30, 2025, providing stakeholders with comprehensive insights into the company's financial health.

The meeting agenda includes:

• Standalone and consolidated unaudited financial results for Q2FY26 under Regulation 33 of SEBI (LODR) Regulations, 2015
• Limited review report on the quarterly and half-yearly results
• Additional business matters with chairperson approval

Trading Window Restrictions

Toyam Sports Limited has implemented trading window closure measures in accordance with its internal code of conduct. The company's designated persons are restricted from trading in company securities during this period to ensure fair disclosure practices and compliance with insider trading regulations.

The trading window will remain closed until 48 hours after the official declaration of financial results for the quarter and half-year ended September 30, 2025, ensuring market integrity and fair disclosure practices.

Regulatory Compliance Framework

The board meeting notification has been formally submitted to both the Bombay Stock Exchange and The Metropolitan Stock Exchange of India Limited. The communication was signed by Company Secretary Nayan Sablok and includes proper digital authentication, demonstrating adherence to modern corporate governance standards.

The meeting follows Regulation 29 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, which mandates prior intimation of board meetings to stock exchanges. This regulatory framework ensures transparency and provides adequate notice to market participants about upcoming corporate developments.