Nazara Board Approves Financial Results, Acquisition Terms, and Investments

Nazara Technologies Limited's Board of Directors met on August 03, 2026, to approve the unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The board also granted in-principle approval for Nazara UK to proceed with the acquisition of Bluetile Games and Bestplay Systems on revised commercial terms, releasing Nazara Technologies from the original SPA. Further approvals included an investment of up to ₹9.9 Crores in Funky Monkeys Play Center Private Limited, a loan of up to ₹24 Crores to Smaaash Entertainment Private Limited, and the appointment of Mr. Con Anthony Conlon as an Additional Independent Director. Mr. Raymond Albaladejo Stauffer was appointed as the new CEO, effective September 01, 2026, with Mr. Nitish Mittersain stepping down from the CEO role while continuing as Managing Director.