Nazara Technologies Limited

Nazara Technologies Limited held an Extraordinary General Meeting on Sunday, August 30, 2026, via video conference and other audio visual means, where shareholders approved an increase in the company's authorized share capital and the issuance of equity shares on a preferential basis. The meeting also appointed Mr. Con Anthony Conlon as an independent director, and the results of the e-voting will be available on the websites of the BSE Limited, National Stock Exchange of India Limited, Nazara Technologies Limited, and Central Depository Services (India) Limited within two working days.

Shareholders overwhelmingly approved the appointment of Mr. Muraarie Rajan as an independent director and the re-designation of Mr. Vikash Mittersain as founding chairman at an Extraordinary General Meeting held recently. Resolution 1, concerning Mr. Rajan’s appointment, secured 99.9982% of the votes in favor, with 161,018,784 votes supporting the motion out of a total 161,021,679 polled. Similarly, the resolution regarding Mr. Mittersain’s re-designation received 99.5618% support, with 160,316,103 votes in favor. The scrutinizer confirmed the validity of the votes, noting that e-voting accounted for the vast majority of participation and that no votes were deemed invalid.

Nazara Technologies Limited convened an Extraordinary General Meeting on Monday, August 10, 2026, via video conference and other audio-visual means, where shareholders approved the appointment of Mr. Mithun Padam Sacheti as a Non-Executive Director, Mr. Muraarie Rajan as an Independent Director, and the re-designation of Mr. Vikash Mittersain as Founding Chairman, along with approval of his remuneration. The company engaged Central Depository Services (India) Limited (CDSL) for remote e-voting, which commenced on Wednesday, August 5, 2026, and ended on Sunday, August 9, 2026, with e-voting also available during the meeting, and CS Sandhya Malhotra of M/s. Manish Ghia & Associates was appointed as the scrutinizer. The results of the e-voting and consolidated scrutinizer’s report will be available on the websites of the BSE Limited, National Stock Exchange of India Limited, Nazara Technologies Limited, and CDSL within two working days.

Nazara Technologies Limited appointed Mr. Con Anthony Conlon, an Irish national, as an Additional Independent Director on August 3, 2026, for a five-year term concluding August 2, 2031, with shareholder approval required at the next Annual General Meeting to confirm his position. Conlon, age 55, possesses extensive experience as an entrepreneur and technology leader, including founding Merit Data & Technology and serving as a board member of Articheck Ltd. and Socialvoice.ai. He holds a Director Identification Number of 03200461 and his remuneration will consist of sitting fees and expense reimbursement. The appointment followed a recommendation from the Nomination and Remuneration Committee, which sought a director with technology expertise, and was based on a formal shareholder proposal.

NTL has yet to utilize Rs 118.50 crore raised through a private placement of warrants, according to a recent monitoring agency report. The original warrant issue size was reduced from Rs 500.01 crore to Rs 474.01 crore, impacting the allocation for General Corporate Purposes. The unutilized funds are currently invested in Kotak Liquid Fund (Rs 58.50 crore), ICICI Prudential Liquid Fund (Rs 60.00 crore), and a Standard Chartered Bank monitoring account. The company anticipates receiving an additional Rs 355.51 crore within 18 months, which is crucial for planned expansion and growth initiatives. The monitoring agency noted the lack of fund deployment and highlighted the reliance on future funding, alongside potential conflicts of interest, while providing limited assurance on the report's findings.

Nazara Technologies Limited announced that its board approved a preferential allotment of up to 2,39,70,676 equity shares at Rs 306 per share, totaling Rs 7,33,50,26,856, to six investors including Mr. Raymond Albaladejo Stauffer, who has been appointed as Chief Executive Officer effective September 1, 2026, subject to shareholder approval. The company also plans to increase its authorized share capital from Rs 80,00,00,000 to Rs 90,00,00,000 and will convene an Extraordinary General Meeting on August 30, 2026, to seek shareholder approval for these matters.

Nazara Technologies Limited announced that its board approved a preferential allotment of up to 2,39,70,676 equity shares at Rs 306 per share, totaling Rs 7,33,50,26,856, to a group of investors including Mr. Raymond Albaladejo Stauffer, who has been appointed as Chief Executive Officer effective September 1, 2026, subject to shareholder approval. The company also plans to increase its authorized share capital from Rs 80,00,00,000 to Rs 90,00,00,000 and will convene an Extraordinary General Meeting on August 30, 2026, to seek shareholder approval for these actions.

Nazara Technologies Limited announced a preferential issue of equity shares aggregating to approximately Rs 733.5 crore, with founders and senior leadership of Bluetile Games and BestPlay Systems subscribing entirely to the offering at Rs 306 per share. Raymond Albaladejo Stauffer, who will assume the role of Chief Executive Officer of Nazara Technologies on September 1, 2026, subject to regulatory approvals, will invest Rs 583.48 crore, making him a significant individual shareholder, while the proceeds will strengthen Nazara’s balance sheet and support strategic acquisitions and growth across its gaming portfolio.

Nazara Technologies Ltd gained for a fifth straight session today. The stock is quoting at Rs 351, up 0.43% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.34% on the day, quoting at 24531.85. The Sensex is at 78431.14, up 0%. Nazara Technologies Ltd has risen around 17.53% in last one month. Meanwhile, Nifty Media index of which Nazara Technologies Ltd is a constituent, has risen around 6.28% in last one month and is currently quoting at 1600.5, down 0.53% on the day. The volume in the stock stood at 18.12 lakh shares today, compared to the daily average of 32.52 lakh shares in last one month.The PE of the stock is 0 based on TTM earnings ending June 26.

Nazara Technologies Limited will seek shareholder approval to raise funds through the issuance of equity shares or convertible instruments on a preferential basis, according to a regulatory filing on August 3, 2026. The company’s board of directors will meet on August 6, 2026, to consider the proposal, which is in accordance with the Companies Act, 2013 and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. Trading window for designated persons will remain closed until 48 hours after the announcement of the board meeting outcome.