Toyam Sports Ltd — Results, 21-06-2025: Result

Toyam Sports Limited has announced a board meeting approving the financial results for the quarter and year ended March 31, 2025. The statutory auditors expressed a qualified opinion citing significant issues including lack of impairment provisions on financial assets, non-compliance with statutory liabilities like professional tax and TDS, and ongoing SEBI investigations with some shares frozen by the enforcement directorate. The company recognized impairment provisions of ₹26.59 Cr for goodwill and ₹9.73 Cr on investments, reflecting declines considered other than temporary. Net losses stood at ₹42.08 Cr standalone and ₹47.96 Cr consolidated, driven largely by these impairments. The CFO resigned effective April 23, 2025. Related party transactions and remuneration details were disclosed with no material irregularities noted.