With immense pleasure I present you the Annual Report of your Company for thefinancial year ended 31st March 2018. This year has been challenging but filled withprospects of growth and development for both Company as well as shareholders. Your Companyaims to explore new opportunities in the sports entertainment sector to maximize thereturns of shareholders as well as investors. Over the past 10 years sports as anindustry has changed fundamentally. Today sports is not just an active platform formarketing and creating branding opportunities for corporates investing in sports but alsocreating value for fans across the world. Sporting leagues across the world have invitedvaluable support and presence of corporate sector.
I announce to you with great pleasure that your Company is launching its first MMAEvent. The Kumite 1 League (K1L). The first event will be launched on 29th September 2018at Dome@NSCI SVP Stadium Worli Mumbai. It will be the first ever MMA match where anynational teams will be participating for the 29th September we have INDIA & UAE asthe participating teams.
The Fight Night is going to be the event of the year considering that the event willbe flagged off by Legendary Mike Tyson. Its the first time that the Legend Iron Mike willbe coming to India for a Public appearance. The Company looks forward to welcome him andengage him for future plans which will be announced on the event day for uplifting of thegame of MMA in India and to create mass awareness at the same time.
The Company is going to announce a grass-root development program which will allow MMAfighters across India to come to the front show their skills and engage in the sport withfellow fighters. Selected candidates will go through training and the winner of theReality TV Show will be a part of Team India.
After the completion of the talent hunt the Company will unveil its schedule for theK1L Kumite 1 League Intentional MMA League.
ADHERANCE TO THE CORPORATE GOVERNANCE
The report on corporate governance for the Financial Year 2017-18 forms separate partof the Annual Report. During the year under report
Your Company has made all out efforts for compliance of the conditions of CorporateGovernance as stipulated in the Guidelines on Corporate Governance for SEBI (ListingObligations and Disclosure Requirements) Regulation 2015.
We look forward to sharing our successes with you as we realize this Company's greatpotential and achieve the goals we have set for ourselves. With all the efforts being madeby your Company to further strengthen its operational financial and human resourcesperformance I hope that it will continue to grow in future consistently and meet theemerging challenges posed by the economic environment and the industry.
MOHAMED ALI RAJABALI BUDHWANI
Chairman & Managing Director Toyam Industries Limited