SEC urges TSR to resolve financial statement issues

Thansettakij•Economy•4d ago

Reader Briefing

The SEC has ordered TSR to submit and publicly disclose corrected financial statements for the first and second quarters of 2026 due to auditing issues regarding vending machines.

•The SEC rejected TSR's request to extend the deadline for submitting the corrected Q1 2026 financial statements.
•Auditors were unable to provide a conclusion for Q1 and Q2 2026 statements due to insufficient evidence regarding the counting of vending machines.
•TSR must disclose the corrected Q1 2026 statements via SETLink by August 21, 2026.
•TSR must disclose the corrected Q2 2026 statements via SETLink by September 21, 2026.

Overview

•Auditors for TSR provided a non-conclusion report for the Q1 2026 financial statements because sufficient evidence for the counting of vending machines could not be found.
•TSR requested an extension for the Q1 2026 corrected statements, claiming the process of verifying the existence and status of vending machines was still ongoing.
•The SEC denied the extension request, stating that TSR is capable of resolving the issue within the original timeframe and that financial statements are critical for investor decision-making.
•The SEC instructed TSR to disclose the corrected Q1 2026 financial statements and reports via SETLink by August 21, 2026.
•Auditors also issued a non-conclusion report for Q2 2026 financial statements as TSR's asset counting process was delayed and incomplete.
•The SEC directed TSR to cooperate with auditors to review the Q2 2026 issues and submit the corrected statements under Section 56 of the Securities and Exchange Act 1992.
•The SEC set a deadline for TSR to disclose the corrected Q2 2026 financial statements via SETLink by September 21, 2026.

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Key Entities

Organization

Securities and Exchange Commission (SEC)(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์ (ก.ล.ต.))

The regulatory body urging TSR to submit corrected financial statements.

TSR

A listed company facing issues with the auditing of its vending machine assets.

Stock Exchange of Thailand(ตลาดหลักทรัพย์แห่งประเทศไทย)ℹ️

The entity whose SETLink system is used for public disclosure of financial reports.

Law

Securities and Exchange Act 1992(พระราชบัญญัติหลักทรัพย์และตลาดหลักทรัพย์ พ.ศ. 2535)

The law under which TSR must provide disclosure reports as per Section 56.