Iconik Sports and Events Limited (formerly known as ID Info Business Services Limited) has received another disclosure from its Promoter and Managing Director, Kannan Krishnan Naiker, regarding additional equity share sales under regulatory requirements. This marks the third substantial share disposal within a week, representing continued significant changes in the promoter group's shareholding pattern.

Recent Share Sale Transactions

Kannan Krishnan Naiker has completed three separate share sale transactions in February 2026. The first transaction involved the sale of 2,00,000 equity shares on February 17-18, 2026, followed by a second sale of 2,02,989 equity shares on February 20 and 23, 2026. The latest transaction involved the disposal of 4,69,511 equity shares on February 24-25, 2026. All sales were conducted through open market transactions and disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Updated Shareholding Pattern Changes

The cumulative effect of all three transactions has significantly reduced Naiker's personal shareholding and the overall promoter group holding. His individual shareholding decreased from the original 13,72,500 shares to 5,00,000 shares after all transactions, representing a reduction of 8,72,500 shares.

Current Shareholding Structure (After Third Sale):

Progressive Shareholding Changes:

Company Share Capital Structure

The company's equity share capital remains unchanged following these transactions. The total equity share capital stands at Rs. 33,84,20,000, divided into 3,38,42,000 equity shares of Rs. 10/- each. The shares continue to be listed on BSE Limited.

Regulatory Compliance

All disclosures were made in compliance with SEBI regulations governing substantial acquisition and disposal of shares. The promoter group includes seven Persons Acting in Concert (PAC) along with Kannan Krishnan Naiker. No changes were reported in the individual holdings of other PAC members during any of the transaction periods, with all sales being executed solely by the Managing Director.

Iconik Sports and Events Limited announced its unaudited financial results for the quarter ended December 31, 2025, showcasing a remarkable turnaround with a profit of ₹68.22 lac compared to a loss of ₹51.52 lac in the corresponding quarter of the previous year. The company's Board of Directors approved these results during their meeting held on February 12, 2026, along with key corporate appointments under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company demonstrated strong operational performance during Q3 FY26, generating revenue from operations of ₹1,412.45 lac, a significant improvement from zero revenue recorded in Q3 FY25. Total revenue for the quarter reached ₹1,412.57 lac, including other income of ₹0.12 lac.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Iconik Sports and Events Limited achieved impressive results with total revenue of ₹2,736.28 lac and net profit of ₹319.09 lac. This represents a significant improvement from the corresponding nine-month period in FY25, when the company reported a loss of ₹57.16 lac with zero revenue.

Expense Structure and Management

The company's total expenses for Q3 FY26 stood at ₹1,344.35 lac, with other expenses constituting the largest component at ₹1,336.81 lac. Employee benefit expenses were ₹7.50 lac, while depreciation and amortisation expenses remained minimal at ₹0.04 lac. The company reported no finance costs during the quarter.

Key Management Appointment

The Board of Directors approved the appointment of Mrs. Priya Jangid as Company Secretary and Compliance Officer effective February 12, 2026. Mrs. Jangid brings over 10 years of experience in secretarial and legal work and is a qualified Company Secretary. She holds no shareholding in the company and has no relationships with other directors.

Corporate Information and Compliance

Iconik Sports and Events Limited, formerly known as ID Info Business Services Limited, operates with a paid-up equity share capital of ₹3,384.20 lac as of December 31, 2025. The company's reserves excluding revaluation reserves stood at ₹3,402.98 lac. The financial results have been subject to limited review by the company's statutory auditors, D G M S & Co., Chartered Accountants, and were approved by Managing Director Kannan Krishnan Naiker (DIN: 00014414).