Toyam Sports Limited (formerly known as Toyam Industries Limited) has notified the stock exchanges about the resignation of Mr. Kailash Yadav Tilkoo (DIN: 00628363) from the position of Executive Director of the company. The resignation was tendered on 10th September 2025 and took effect immediately.

Reason for Resignation

In its official disclosure, the company stated that Mr. Tilkoo resigned due to personal reasons. Importantly, the company clarified that there are no other material reasons behind his resignation beyond those stated.

This statement has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed companies to disclose significant board-level changes.

Regulatory Compliance and Confirmation

The company has further confirmed that it has received the necessary confirmation pursuant to Clause 7B of Para A of Part A of Schedule III to SEBI LODR Regulations, 2015, from the Independent Directors. This ensures transparency and compliance with regulatory requirements for board changes.

As part of the disclosure process, Toyam Sports has also submitted details under the SEBI circular dated September 9, 2015, which mandates companies to provide specific information relating to director appointments and cessations.

Details of Disclosure Filed

• Reason for Change in Directors: Resignation as Executive Director of the Company due to personal reasons.

• Date of Cessation: 10th September, 2025.

• Brief Profile: Not applicable since this is a cessation and not an appointment.

• Disclosure of Relationships Between Directors: Not applicable as the disclosure pertains to resignation.

Corporate Governance Perspective

The resignation of a board member is a significant governance event for any listed company. By promptly disclosing the development to the Metropolitan Stock Exchange of India Limited (MSEI) and the Bombay Stock Exchange (BSE), Toyam Sports has ensured that investors and stakeholders remain informed in line with corporate governance norms.

Conclusion

The resignation of Executive Director Kailash Yadav Tilkoo marks an important development in the leadership of Toyam Sports Limited. With the company confirming that the resignation is solely due to personal reasons and supported by Independent Directors’ confirmation, stakeholders have been assured of the company’s commitment to transparent disclosures and regulatory compliance.

This update also reflects the company’s adherence to SEBI’s strict corporate governance framework, reinforcing investor confidence at a time when transparency and accountability are of utmost importance in the Indian capital markets.

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