Gradiente Infotainment Limited has backed the Taekwondo Premier League (TPL) franchise launch event, a strategic move to foster sporting excellence and create opportunities for emerging athletes in India. The curtain raiser, held at LUFT The Air in Andheri West, Mumbai on June 8, 2026, marked a significant step towards establishing a professional platform for Taekwondo. The event was presented by Gradiente Infotainment Limited and powered by Cognitive Score AI, bringing together franchise owners, athletes, and industry leaders under one roof.

The initiative received pivotal support from Vimal Raj Mathur, Chairman of Gradiente Infotainment Limited, who emphasized the potential of Taekwondo to become a major competitive sport in India. The league is founded and directed by Ganesh Duvvuri, with support from co-founders B. Navaneetha and G.K. Venkat. During the ceremony, entrepreneur Rajesh Agrawal was appointed as the Chairman of the Taekwondo Premier League – India.

The launch event served as a showcase for the league's structure, unveiling the logos for all eight participating franchises. Team owners and representatives were present to introduce their respective teams to an audience of media personnel, sports promoters, and celebrities.

The event was attended by several notable figures from the entertainment and sports sectors, including Pia Roy, Apoorva Mittal, and Raksha Shetty. The presence of these dignitaries underscored the league's vision of empowering young sporting talent. The management stated that the league aims to provide players with recognition, competitive experience, and technical support at national and international levels.

Speaking on the occasion, Vimal Raj Mathur highlighted the company's commitment to the sport. He stated that the support from Gradiente Infotainment Limited is intended to create opportunities for talented players to compete globally and bring glory to the nation. The league plans to focus on national-level expansion and international opportunities in the future.

Gradiente Infotainment Limited reported a net profit of ₹296.83 lakh for the financial year ended March 31, 2026, a significant increase from ₹71.34 lakh in the previous year. Revenue from operations rose to ₹2,986.32 lakh from ₹2,128.19 lakh in FY25. The company’s Board of Directors approved the audited standalone financial results during a meeting held on May 30, 2026. The results were published in newspapers on June 2, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s total income for FY26 stood at ₹2,987.46 lakh, up from ₹2,128.73 lakh in the previous year. Total expenses for the year increased to ₹2,573.63 lakh from ₹2,032.32 lakh in FY25. For the quarter ended March 31, 2026, the company reported a net profit of ₹10.18 lakh on revenue of ₹1,437.82 lakh.

Audit Qualifications

S. K. Dhar & Co., the statutory auditors, issued a qualified opinion on the standalone financial statements. The qualification arose because balances related to trade receivables, fixed deposits, bank overdrafts, term loans, and trade payables had not been confirmed, making the consequential impact unascertainable. Additionally, the auditors noted that the management could not provide satisfactory explanations for cash withdrawals totaling ₹42.25 lakh during the year.

Governance and Disclosures

The auditors also reported that the company does not have an adequate internal financial controls system over financial reporting, and such controls were not operating effectively as of March 31, 2026. The company has not declared any dividend during the year. The trading window for designated persons will remain closed for 48 hours after the declaration of the financial results.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE361K01017/c3be368ff9d44767.pdf