Nazara Tech: Director & CFO Changes; ₹72.8 Cr Preferential Issue

Nazara Technologies Limited announced significant management changes. Mr. Mithun Padam Sacheti has been re-designated from Non-Executive Director to Whole-time Director and Executive Director. Mr. Rohit Sharma resigned as Whole-time Director to pursue entrepreneurial ventures. Mr. Nitish Mittersain transitions from Managing Director to Founder and Non-Executive Director, providing strategic guidance. Mr. Rakesh Shah resigned as CFO, and Mr. Arun Agrawal has been appointed as the new CFO. Additionally, the company approved the allotment of 2,38,81,711 equity shares on a preferential basis at ₹306 per share, raising approximately ₹72.8 Crore.