Company: TOP
Filing Date: 2025-07-31
Form Type: NT 20-F
Source: 0001213900-25-070075
Chunk: 1

Company: TOP Financial Group Ltd
Filing Date: 2025-07-31
Form: NT 20-F
Chunk 1
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 before the fifteenth calendar day following the prescribed due date; or the subject quarterly report     
 or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the     
 fifth calendar day following the prescribed due date; and                                                                             |
|   | -c | The                                                                                                                                   
 accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.                                   |

PART III — NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q,
10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Registrant is unable to file its Form 20-F for
the fiscal year ended March 31, 2025 by the prescribed filing date because Registrant requires additional time to review its financial
statements to finalize the Form 20-F. Registrant anticipates that it will file the Form 20-F no later than the fifteenth calendar day
following the prescribed filing date.

PART IV — OTHER INFORMATION

| (1) | Name and telephone number of person to contact in regard to 
 this notification                                           |

| Ka Fai Yuen |     |       +852 |     | 3107-0731         |
| (Name)      |     | -Area Code |     | -Telephone Number |

| (2) | Have                                                                                                                                                                          
 all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 
 12 months or for such shorter period that the registrant was required to file such report(s)                                                                                  
 been filed? If answer is no, identify report(s).                                                                                                                              |
|     | ☒                                                                                                                                                                             
 Yes ☐ No                                                                                                                                                                      |

| (3) | Is                                                                                          
 it anticipated that any significant change in results of operations from the corresponding  
 period for the last fiscal year will be reflected by the earnings statements to be included 
 in the subject report or portion thereof?                                                   |
|     | ☐                                                                                           
 Yes  ☒ No                                                                                   |

If so, attach an explanation of the anticipated change,
both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

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TOP FINANCIAL