Nazara Subsidiary Loans ₹7.5 Cr to another Subsidiary

Nazara Technologies Limited announced that its wholly-owned subsidiary, Paper Boat Apps Private Limited, has entered into a loan agreement with Kiddopia Inc., another wholly-owned subsidiary of Paper Boat. The agreement, executed on August 13, 2026, allows for an unsecured loan of up to ₹7.50 Crores (approximately USD 8,00,000) for business and general corporate purposes. The loan is extended to Kiddopia Inc. by Paper Boat Apps Private Limited. This transaction falls under related party transactions but is exempted under Regulation 23(5)(c) of the Listing Regulations as it is between two wholly-owned subsidiaries. The transaction is confirmed to be at an arm's length basis.