Sportking India Limited has disclosed a stake acquisition by Anil Kumar Goel and his associates under SEBI's substantial acquisition regulations. The group acquired 54,000 additional equity shares through open market purchases, increasing their combined shareholding in the sports goods manufacturer.

Acquisition Details

The acquisition involved multiple entities acting in concert, including Anil Kumar Goel, Anil Kumar Goel HUF, Seema Goel, and Rashi Goel. The disclosure clarifies that the acquirers do not belong to the promoter or promoter group of the company.

Shareholding Changes

The acquisition resulted in a marginal increase in the group's voting rights in Sportking India Limited. The transaction was completed entirely through open market purchases over a three-day period.

Company Capital Structure

Sportking India Limited's equity share capital remained unchanged following this acquisition. The company maintains its existing capital structure with no dilution or expansion of share capital.

Regulatory Compliance

The disclosure was filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirers submitted the required documentation to both BSE Limited and National Stock Exchange of India, where Sportking India Limited shares are listed. The company trades under scrip code 539221 on BSE and under the symbol 'Sportking' on NSE.

Sportking India Limited has delivered strong financial results for the third quarter of FY26, showcasing robust growth across key performance metrics. The textile manufacturer reported significant improvements in profitability and operational efficiency during the quarter ended December 31, 2025.

Corrigendum for Financial Results Publication

Sportking India Limited issued a corrigendum regarding its financial results published on February 9, 2026. The company clarified that the board meeting date was incorrectly mentioned in the published results:

The corrigendum was communicated to BSE Limited and National Stock Exchange of India Limited, emphasizing that this was purely a typographical error with no changes to the financial results or any other published information.

Q3 FY26 Financial Performance

The company demonstrated strong financial performance with notable growth in key metrics:

The company's gross profit reached Rs. 151.1 crores with a margin of 23.4%, while EBIT stood at Rs. 44 crores representing a 7% margin. The strong performance was driven by improved operational efficiency and better margin management.

Nine-Month FY26 Results

For the nine-month period ended December 31, 2025, Sportking India maintained steady performance:

Despite a marginal decline in revenue, the company improved its profitability metrics, demonstrating effective cost management and operational optimization.

Corporate Governance and Compliance

The corrigendum was signed by Lovlesh Verma, Company Secretary (ACS: 34171), and published in multiple newspapers including Business Standard and Desh Sewak. The company maintains transparency in its communications with stock exchanges and ensures accurate disclosure of information to stakeholders.