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The Chennai Super Kings also known as CSK is an Indian franchise cricket team located in Chennai, Tamil Nadu, which participates in the Indian Premier League (IPL).

Established in 2008, the team plays its home matches at the M. A. Chidambaram Stadium in Chennai.

After serving a two-year ban from the IPL, which began in July 2015 for the alleged association of their owners in the 2013 IPL betting matter (with Rajasthan Royals), the Super Kings returned to the league in 2018, winning the championship in the comeback season. This marked its third win overall following a win in 2010 and 2011 to join Mumbai Indians for the record for maximum IPL title wins.

The captain of the team is Mahendra Singh Dhoni who has guided the team to three victories since 2008 and is trained by Stephen Fleming.

The Chennai Super Kings have the best win rate amongst all teams in the IPL (61.28).

They contain the records of most occurrences in the IPL playoffs (ten) and have played the playoffs in each season they have starred in the league, which makes them the only team to do so. Additionally, they also qualified to eight finals out of the ten leagues they took part in, which made them one of the most flourishing franchises in the IPL.

Besides, they have further won the Champions League Twenty20 in 2010 and 2014.

The title value of the Chennai Super Kings in 2019 was estimated at 732 crores, making them one of the most worthy franchises in the IPL.

The team is sponsored by Muthoot Group, Gulf oil, Equitas small finance bank, India cement, HIL, Nippon paint, Atria convergence technologies and Parle Agro Frooti.

DIVIDEND AND RESERVES

In order to conserve resources, the Company has not declared any Dividend for the year ended 31st March 2023. The Company has not transferred any amount to the reserves for the year ended 31st March 2023.

SHARE CAPITAL

The paid-up equity share capital of the Company as on 31st March 2023 is 3.08 Crores rupees comprising of 30,81,53,074 equity shares of 0.10 rupees each.

COMPANY’S PERFORMANCE

The Season XVI of the Indian Premier League commenced on 31st March 2023 and the matches were held during April/May 2023 and the Company is happy to inform the shareholders that your IPL Franchise Chennai Super Kings has won the IPL Championship in May 2023. Your team has been the most consistent IPL team and has won five IPL titles, appeared in 10 IPL finals and have qualified for the playoff stages 12 times.

During the year under review, the Company has made a Profit After Tax of 5,217.44 Lakhs rupees as against 3,154.11 Lakhs rupees in the previous year.

SUBSIDIARIES

SUPERKING VENTURES PRIVATE LIMITED During the financial year, the Company has commenced its operations and started 2 academies one based in Salem and another based in Chennai. The Company has also plans to start academies in other places. The company had more than 400 students enrolled in the academies with the numbers constantly going up. Further, the Company has also started “Talent Management” as a new line of business. In this line of business, the Company will manage the commercial interest of some of the talented professionals in various sports activities primarily in cricket. During the year under review, the Company made operating loss of 645.17 Lakhs rupees mainly due to one-time costs on account of setting up the academies.

JOBURG SUPER KINGS (PTY) LTD. During the year under review, Joburg Super Kings (Pty) Ltd. was incorporated as the Company’s wholly owned subsidiary in South Africa and had invested in South Africa’s explosive new T20 league. Joburg Super Kings (Pty)  Ltd. was awarded the right to operate a team in the city of Johannesburg and the team was named Joburg Super  Kings. The inaugural season kicked off in January 2023 with 6 global franchises, 6 cities, 33 matches, 102 local  and international players. During the inaugural season, Joburg Super Kings Team fi nished as semi-fi nalist. The  tournament has proven to be a great success attracting full houses and good viewership numbers. Given T20’s  cricket evolution, brand loyalty, league strategy and success of the fi rst season, the Company believes that this  venture will add signifi cant value to the shareholders despite investments in the initial few years. The fi nancial  performance of Joburg Super Kings was in line with our projections. During the year, the Company made an operating loss of 3,302.29 Lakhs rupees.

The Company does not have any associate / joint venture Companies.