Iconik Sports And Events Limited (formerly ID Info Business Services Limited) announced its unaudited financial results for the quarter ended June 30, along with several key corporate updates in a board meeting held on August 4.

Financial Performance

While specific Q1 figures were not disclosed in the provided information, the company's financial trajectory appears positive based on its previous fiscal year results. For the fiscal year ended March 31, Iconik Sports And Events reported:

• Total revenue of Rs. 1,271.19 lakhs, a substantial increase from Rs. 2.70 lakhs in the previous year.
• Net profit of Rs. 260.22 lakhs, compared to a net loss of Rs. 6.44 lakhs in the previous fiscal year.
• Earnings per share (EPS) of Rs. 5.28.

Corporate Updates

The board of directors approved several important matters during the meeting:

1. Annual General Meeting: The company's AGM is scheduled for August 26, to be conducted via video conference.

2. Preferential Issue Adjustment: Iconik Sports And Events had previously approved the issuance of 1,54,35,000 equity shares at Rs. 20 per share, totaling Rs. 30.87 crore. However, the actual allotment on April 30 comprised 1,41,85,000 shares, raising Rs. 28.37 crore. To account for this Rs. 2.50 crore shortfall, the board approved the following adjustments to the preferential issue objectives:

The most significant change is the elimination of the allocation for general corporate purposes, while maintaining the full amount for working capital and GST dues payment. The repayment of long-term liabilities saw a minor reduction.

These developments suggest that Iconik Sports And Events is focusing on strengthening its financial position and operational capabilities as it continues to expand in the sports and events management sector. The company's transition from a net loss to a substantial profit in the previous fiscal year indicates positive momentum.

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.