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Toyam Sports Reports Q3 FY27 Financial Results with Qualified Audit Opinion
Toyam Sports Limited's board approved the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, at a meeting held on April 23, 2026. The standalone results showed a net loss of Rs. 2.28 lakhs for the quarter, while consolidated results reported a net loss of Rs. 617.92 lakhs. The company's auditors issued a qualified opinion citing multiple concerns including non-provision for impairment of financial assets, lack of impairment analysis on loans and advances, non-compliance with RBI regulations, pending SEBI investigations, and failure to meet statutory liabilities. The board also approved the appointment of Nidhi Bajaj & Associates as Practicing Company Secretary subject to shareholder approval.
