Company: TOP
Filing Date: 2025-07-31
Form Type: NT 20-F
Source: 0001213900-25-070075
Chunk: 0

Company: TOP Financial Group Ltd
Filing Date: 2025-07-31
Form: NT 20-F
Chunk 0
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|                                 | UNITED STATES                      
 SECURITIES AND EXCHANGE COMMISSION 
 Washington, D.C. 20549             
 FORM 12b-25                        
 NOTIFICATION OF LATE FILING        | OMB APPROVAL |
| OMB Number:                     |                                    |              |
| Expires:                        |                                    |              |
| Estimated average burden        |                                    |              |
| hours per response ....……..2.50 |                                    |              |
| SEC FILE NUMBER                 |                                    |              |
| CUSIP NUMBER                    |                                    |              |
| G989A6102                       |                                    |              |

(Check one):☐ Form 10-K☒ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 10-D ☐ Form N-CEN ☐ Form N-CSR

For Period Ended: _________March 31, 2025______________

☐Transition Report on Form 10-K

☐Transition Report on Form 20-F

☐Transition Report on Form 11-K

☐Transition Report on Form 10-Q

For the Transition Period Ended: _______________________

| Read Instruction (on back page) Before Preparing Form. Please Print or Type.                                        
 Nothing in this Form shall be construed to imply that the Commission has verified any information contained herein. |

If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:

PART I — REGISTRANT INFORMATION

TOP FINANCIAL GROUP LIMITED

Full Name of Registrant

N.A.

Former Name if Applicable

101 Cecil Street

#13-05 Tong Eng Building

Singapore 069533

Address of Principal Executive Office (Street and Number)

Singapore

City, State and Zip Code

PART II — RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort
or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

|   | -a | The                                                                                                                                   
 reason described in reasonable detail in Part III of this Form could not be eliminated without unreasonable effort or expense;        |
| ☒ | -b | The                                                                                                                                   
 subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion 
 thereof, will be filed on or