Toyam Sports Limited has submitted its newspaper clipping for Q2FY26 unaudited financial results to stock exchanges, fulfilling regulatory requirements under SEBI (LODR) Regulations, 2015. The company reported challenging financial performance for the quarter ended 30th September, 2025, with zero operational revenue and significant losses.

Financial Performance Overview

The company's standalone financial results for Q2FY26 present a concerning picture with no income generation from operations. Total expenses amounted to ₹8.81 lakhs, directly translating to equivalent losses given the absence of operational revenue.

Regulatory Compliance and Disclosure

Company Secretary Nayan Sablok submitted the mandatory newspaper clipping to the Department of Corporate Services at Bombay Stock Exchange and The Metropolitan Stock Exchange of India Ltd on 15th January, 2026. The financial results were published in Mumbai Lakshadeep (Marathi) and Financial Express (English) newspapers on 11th January, 2026, as required under Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015.

Year-over-Year Comparison

Comparing with the corresponding quarter of the previous year, the company showed a complete halt in operational activities with zero revenue generation, down from ₹47.48 lakhs in Q2FY25. However, the company managed to significantly reduce its expense base from ₹386.41 lakhs to ₹8.81 lakhs, resulting in a substantially lower net loss compared to the previous year's ₹341.47 lakhs loss.

The earnings per share remained minimal at ₹0.002 for both basic and diluted calculations, reflecting the company's current operational challenges. The company maintains its paid-up equity share capital at ₹5,778.15 lakhs, unchanged from the previous periods.

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.