Company: TOP
Filing Date: 2025-04-30
Form Type: POS AM
Source: 0001213900-25-037641
Chunk: 12

Company: TOP Financial Group Ltd
Filing Date: 2025-04-30
Form: POS AM
Chunk 12
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RICH       |     | $      | 1,000,000 |     | May 13, 2024       |     | Intra-company loan |
| 12  |     | TGFL     |     | WINRICH       |     | $      | 1,000,000 |     | June 4, 2024       |     | Intra-company loan |
| 13  |     | TGFL     |     | WINRICH       |     | $      | 1,000,000 |     | June 14, 2024      |     | Intra-company loan |
| 14  |     | TGFL     |     | WINRICH       |     | $      |   500,000 |     | June 17, 2024      |     | Intra-company loan |
| 15  |     | TGFL     |     | WINRICH       |     | $      |   500,000 |     | June 20, 2024      |     | Intra-company loan |
| 16  |     | TGFL     |     | WINRICH       |     | $      | 3,000,000 |     | September 23, 2024 |     | Intra-company loan |

We do not plan to settle the
intra-company loans owed between the company and the subsidiaries. As of the date of this prospectus, the outstanding balances
totaled $22.53 million.

See “Prospectus Summary – Transfers of Cash between Our Company and Our Subsidiaries” in this prospectus. See also “Item 8. Financial Information – A. Consolidated Statements and Other Financial Information – Dividend Policy” and “Item 3. Key Information — 3.D. Risk Factors — Risks Relating to our Corporate Structure – We rely on dividends and other distributions on equity paid by the Operating Subsidiaries to fund any cash and financing requirements we may have, and any limitation on the ability of the Operating Subsidiaries to make payments to us could have a material adverse effect on our ability to conduct our business”, our audited consolidated financial statements for the fiscal years ended March 31, 2024, 2023 and 2022 in our 2024 Annual Report and our unaudited consolidated financial statements for the six months ended September 30, 2024 incorporate in this prospectus by reference.

This prospectus may