Iconik Sports And Events (formerly known as ID Info Business Services Limited) has announced several key decisions following its board meeting held on August 4, 2025. The company's board of directors approved the unaudited financial results for the quarter ended June 30, 2025, along with the Limited Review Report.

Annual General Meeting Scheduled

The company has set the date for its Annual General Meeting (AGM) for the financial year 2024-25. The AGM is scheduled to be held on Tuesday, August 26, 2025, at 3:00 PM through video conferencing or other audio-visual means (OAVM).

Preferential Allotment Adjustment

Iconik Sports and Events Limited had previously approved the issue of 1,54,35,000 equity shares at an issue price of Rs. 20 per share, aggregating to Rs. 30.87 crore on a preferential basis. However, in a board meeting held on April 30, 2025, the company allotted 1,41,85,000 equity shares, raising Rs. 28.37 crore, which was Rs. 2.50 crore less than the initially approved amount.

As a result, the board has approved adjustments to the objects of the preferential allotment. The revised allocation is as follows:

The most significant change is the elimination of the allocation for General Corporate Purposes, which was originally set at Rs. 2.47 crore. The company has maintained its allocations for working capital and payment of past GST dues, while slightly reducing the amount for repayment of long-term liabilities.

These decisions reflect Iconik Sports and Events Limited's efforts to adapt its financial strategy in response to the actual funds raised through the preferential allotment, ensuring that key priorities such as working capital and debt repayment are addressed.

Iconik Sports And Events , a Mumbai-based company, has announced a strategic partnership with GAME CHANGERS FZCO, a Dubai-based free zone company. This international collaboration, formalized through a Memorandum of Understanding (MoU), aims to boost brand visibility and support commercial growth for both entities in their respective sports leagues.

Key Partnership Details

• Mutual Promotion: Iconik Sports will promote the 'South Africa Champions' team during Season 3 of their League.
• Reciprocal Marketing: GAME CHANGERS will promote Iconik Sports and its League during the 2025 World Championship of Legends season.
• No Financial Consideration: The agreement does not involve any monetary exchange between the parties.
• Non-Related Party Transaction: The partnership is not classified as a related party transaction.

About GAME CHANGERS FZCO

GAME CHANGERS FZCO is registered under the Dubai Integrated Economic Zones Authority (DIEZA) in the United Arab Emirates. The company's financial structure is as follows:

Strategic Implications

This partnership represents a significant step for Iconik Sports and Events Limited in expanding its international presence. By aligning with a Dubai-based entity, the company is positioning itself to gain exposure in the Middle Eastern market while simultaneously promoting its brand during a major international sports event.

Management's Perspective

Kannan Krishnan Naiker, Managing Director of Iconik Sports and Events Limited, signed the disclosure, underscoring the importance of this strategic move for the company's growth and brand enhancement strategies.

Regulatory Compliance

The partnership announcement adheres to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Iconik Sports and Events Limited, listed on the BSE with scrip code 511260, has duly informed the exchange about this development, maintaining transparency with its stakeholders.

This strategic alliance between Iconik Sports and Events Limited and GAME CHANGERS FZCO marks a notable development in the sports and events sector, potentially opening new avenues for cross-promotional activities and market expansion for both entities.