CSK Unlisted Shares

1. Business Description

Chennai Super Kings Cricket Limited (CSKCL) is fundamentally structured around the ownership and operation of the Chennai franchise, "Chennai Super Kings," which competes in the Indian Premier League (IPL), organized by the BCCI. The entire Group's consolidated operations are focused exclusively on the conduct of sporting activities and related sport activities.

Strategic Expansion into Infrastructure CSKCL is actively expanding its business scope beyond just competitive league play to optimize asset utilization and revenue generation. The company is pursuing approval to amend its main objects to include the establishment, management, and utilization of various sports infrastructure, notably:

• High Performance Centers.
• Multi-Purpose Utility Centers.
• This expansion allows the company to let on lease or rent these facilities (such as stadia, grounds, and courts) to third parties, intending to manage costs and make the properties profitable.

2. The Global Squad: CSKCL Subsidiaries

The CSKCL Group utilizes several subsidiaries to manage its domestic initiatives and expand its brand into international cricket markets. The results of these entities are included in the Audited Consolidated Financial Statements:

3. Revenue Sources: Fueling the Franchise (Consolidated FY 2024-25)

The Group’s consolidated total revenue for the fiscal year ended March 31, 2025, was ₹ 704.28 Crore. Revenue streams are driven primarily by league participation rights and related commercial activities, supplemented by the growing sports development wing:

A. Core Operational Revenue (₹ 673.80 Crore)

This revenue is derived from participation in various T20 leagues, including the IPL:

1. Income from Grant of Central Rights: This is the dominant revenue stream, contributing ₹ 493.38 Crore.
2. Sponsorship Income: Revenue generated from sponsorships totaled ₹ 116.35 Crore.
3. Other Tournament Related Income: This category, which includes revenues related to tournament participation (but excluded prize money this year), contributed ₹ 53.79 Crore.

B. Ancillary Revenue Streams (Sports Development and Merchandise)

These revenues are primarily channeled through the Superking Ventures Private Limited (SKVPL) subsidiary:

• Income from Academy Membership: ₹ 5.35 Crore (₹ 534.96 Lakhs).
• Income from Merchandise Sales: ₹ 1.94 Crore (₹ 194.25 Lakhs).
• Income from Licensing / Talent Management: ₹ 1.91 Crore (₹ 191.04 Lakhs).
• Income from Academy Facilities Utilization: ₹ 1.08 Crore (₹ 108.07 Lakhs).

C. Other Income (₹ 30.49 Crore)

This segment is dominated by interest and investment gains:

• Interest Income (Bank deposits and Other Interest): ₹ 28.73 Crore (₹ 2,872.61 Lakhs).
• Gain on Fair Valuation of Investment through Profit or Loss: ₹ 1.38 Crore (₹ 137.82 Lakhs).
• Profit on Sale of Current/Non-Current Investment: ₹ 0.10 Crore (₹ 10.14 Lakhs).

4. Recent Developments and Highlights (FY 2024-25)

The Group achieved several key milestones and initiated significant strategic moves during the reporting year:

International Expansion and Financing

• US Market Entry: The Group solidified its presence in the USA by acquiring a 55.5% ownership interest in Texas Super Kings International LLC (TSK) via its subsidiary SKI on October 9, 2024, operating the MLC Texas franchise.
• Expansion Funding Request: The company is seeking shareholder approval to increase the aggregate limit for loans, guarantees, and investments up to ₹ 750 Crore (Rupees Seven Hundred and Fifty Crore Only). This move is essential to support the ongoing expansion into international T20 leagues and development of new sporting centers.
• SA20 Performance: The Joburg Super Kings (JSK) franchise continued its strong performance by advancing to the Eliminator stage in Season 3 of SA20, marking their third consecutive playoff qualification.
• SKVPL Financial Turnaround: The subsidiary Superking Ventures Private Limited (SKVPL) reported a significant financial turnaround, achieving a profit after tax of ₹ 5.53 Crore (₹ 552.52 Lakhs) in FY 2024-25, recovering from a loss of ₹ 1.61 Crore (₹ 161.10 Lakhs) in the previous year.

Governance

• Dividend Recommendation: The Board of Directors recommended a dividend of ₹ 1/- per equity share (of ₹ 0.10 each) for the financial year ended March 31, 2025.
• New Director Appointments: Key governance changes included the appointment of Mr. N. Srinivasan and Ms. Rupa Gurunath as Additional Directors effective February 10, 2025, with Ms. Rupa Gurunath subsequently appointed as Wholetime Director starting August 24, 2025.