Kannan Krishnan Naiker, Promoter and Managing Director of Iconik Sports and Events Limited, sold 2,00,000 equity shares through open market transactions on February 17-18, 2026. His individual shareholding decreased from 4.06% to 3.46%, while the total promoter group holding reduced from 11.25% to 10.66%. The transaction was disclosed under SEBI regulations, with the company's equity share capital remaining unchanged at Rs. 33,84,20,000 divided into 3,38,42,000 shares of Rs. 10/- each.
Iconik Sports and Events Limited (formerly known as ID Info Business Services Limited) has received a disclosure from its Promoter and Managing Director, Kannan Krishnan Naiker, regarding the sale of equity shares under regulatory requirements. The transaction represents a significant change in the promoter group's shareholding pattern.
Share Sale Transaction Details
Kannan Krishnan Naiker sold 2,00,000 equity shares of the company through open market transactions conducted on February 17, 2026, and February 18, 2026. The sale was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as communicated to BSE Limited on February 19, 2026.
Transaction Details: Information Shares Sold: 2,00,000 equity shares Transaction Dates: February 17-18, 2026 Mode of Sale: Open market Disclosure Date: February 19, 2026
Shareholding Pattern Changes
The sale resulted in changes to both individual and collective promoter group holdings. Naiker's personal shareholding decreased from 13,72,500 shares to 11,72,500 shares, while the overall promoter group holding was reduced accordingly.
Before the Sale:
Promoter/PAC Name: Shares Held Percentage Kannan Krishnan Naiker: 13,72,500 4.06% Chitrapavai K.: 5,50,000 1.63% Murugan Krishnan Naiker: 4,63,500 1.37% Mahalakshmi Selvaraj: 4,63,000 1.37% Kannan Sowmya Naiker: 4,63,000 1.37% Kannan Sivani Naiker: 4,63,000 1.37% Abhishek Sushil Morarka: 18,660 0.06% Vandana Sushil Morarka: 15,000 0.04% Total Promoter Group: 38,08,660 11.25%
After the Sale:
Promoter/PAC Name: Shares Held Percentage Kannan Krishnan Naiker: 11,72,500 3.46% Other PACs: 24,36,160 7.20% Total Promoter Group: 36,08,660 10.66%
Company Share Capital Structure
The company's equity share capital remains unchanged following this transaction. 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 are listed on BSE Limited.
Regulatory Compliance
The disclosure was 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, and no changes were reported in their individual holdings during this transaction period.
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.
Financial Metric: Q3 FY26 Q2 FY26 Q3 FY25 Revenue from Operations: ₹1,412.45 lac ₹1,302.84 lac - Total Revenue: ₹1,412.57 lac ₹1,307.12 lac - Net Profit/(Loss): ₹68.22 lac ₹406.47 lac (₹51.52 lac) Basic EPS: ₹0.20 ₹1.20 (₹4.12)
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.
Nine-Month Metrics: FY26 FY25 Total Revenue: ₹2,736.28 lac - Revenue from Operations: ₹2,715.29 lac - Net Profit/(Loss): ₹319.09 lac (₹57.16 lac) Basic EPS: ₹0.94 (₹4.57)
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.
Expense Category: Q3 FY26 Q2 FY26 Other Expenses: ₹1,336.81 lac ₹892.61 lac Employee Benefit Expenses: ₹7.50 lac ₹8.00 lac Depreciation & Amortisation: ₹0.04 lac ₹0.04 lac Finance Costs: - - Total Expenses: ₹1,344.35 lac ₹900.65 lac
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.
Appointment Details: Information Name: Mrs. Priya Jangid Position: Company Secretary and Compliance Officer Effective Date: February 12, 2026 Experience: Over 10 years in secretarial and legal work Shareholding: Nil Relationship with Directors: Nil
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).
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