Annual Report: 2024
The Chennai Super Kings Cricket Limited 2024 Annual Report provides a comprehensive overview of the company's performance and financial standing for the year ended March 31, 2024. The report includes a notice to shareholders, director's report, independent auditor's report, financial statements, and other relevant information. The tenth Annual General Meeting is scheduled for September 27, 2024, and will be held via video conferencing.
Key Personnel & Governance
The board of directors includes Sri R. Srinivasan (Chairman), Sri K.S. Viswanathan (Whole Time Director & CEO), Sri Rakesh Singh, Sri PL. Subramanian, Sri Sanjay Shantilal Patel, Sri V. Manickam, Smt. E. Jayashree, Sri B. Kalyanasundaram, and Sri K. Ramgopal. The auditors are Messrs Brahmayya & Co., Chartered Accountants, Chennai. Notice is given for the re-appointment of Smt.E.Jayashree as a director and the appointment of Sri.K.S.Viswanathan as Managing Director. Sri Sanjay Shantilal Patel and Sri V. Manickam are up for appointment as Independent Directors.
Shareholder Information & AGM Details
Shareholders will receive notice of the Tenth Annual General Meeting via email, with the option to participate through video conferencing. Remote e-voting will be available, and the process is detailed within the document. The Register of Members and Share Transfer Books will be closed from September 21, 2024, to September 27, 2024. The company encourages members to register their email addresses for communication purposes. The facility to appoint a proxy is not available for this AGM. M/s. Brahmayya & Co. are recommended for reappointment as Statutory Auditors for a term of 5 years.
Financial Performance
The company reported total revenue of ₹67,640.25 Lakhs for the year ended March 31, 2024, compared to ₹29,234.36 Lakhs in the previous year. Profit after tax increased to ₹22,910.70 Lakhs from ₹5,217.44 Lakhs in the previous year. No dividend has been declared to conserve resources. Paid-up equity share capital increased from ₹3.08 Crores to ₹3.79 Crores due to conversion of Optionally Convertible Debentures. Superking Ventures Private Limited (SVPL) recorded a turnover of ₹ 547.68 Lakhs, while Joburg Super Kings (JSK) franchise total revenues increased from 3039.40 Lakhs to 4023.06 Lakhs.
Operational Highlights
Chennai Super Kings (CSK) finished in 5th place in the Indian Premier League (IPL) Season XVII. The company also owns and operates the 'Joburg Superkings Franchise' in South Africa and increased its Global footprint by being part of the Major League Cricket in USA through Texas Super Kings International LLC. Super Kings Academy, a training center for cricketers, has expanded to 9 centers in Tamil Nadu and two overseas.
Corporate Social Responsibility (CSR)
The CSR policy focuses on supporting and developing communities, nurturing the environment, and enhancing company value. The average net profit for CSR calculation is ₹5,701.90 lakhs, resulting in a CSR obligation of ₹114.04 lakhs.
Other Key Points
The company has implemented a risk management policy. Adequate internal financial controls are in place. Details of related party transactions are provided in the notes on accounts. Sri.K.S.Viswanathan is proposed to be appointed as a Managing Director of the Company. Sri Sanjay Shantilal Patel and Sri.V.Manickam are up for appointment as Independent Directors after having been co-opted to the Board. Brahmayya & Co., Chartered Accountants are proposed for re-appointment. The report from the Statutory Auditors for the year ended 31st March, 2024, does not contain any qualification or disclaimer. There were no material changes and commitments affecting the financial position of the Company other than those disclosed in the financial statements.
Access essential information and documents to make informed investment decisions
Stay updated with upcoming events, conferences, and announcements
Access quarterly and half-yearly financial statements and reports
Download comprehensive annual reports and financial summaries
Access investor presentations, corporate briefings, and slideshows
Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.
Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.
You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.
The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.
Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.
To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.
Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.
The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.
Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.
It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
