Nazara Technologies CEO Resigns; New CEO Appointed
Nazara Technologies Limited announced a significant management change with the resignation of Mr. Nitish Mittersain as Chief Executive Officer, effective September 01, 2026. Concurrently, Mr. Raymond Albaladejo Stauffer will assume the role of CEO from the same date. Mr. Mittersain will continue as Managing Director. The board also approved unaudited financial results for Q1 FY27, revised terms for the acquisition of Bluetile Games and Bestplay Systems, an investment of up to ₹9.9 Crores in Funky Monkeys Play Center, and a loan of up to ₹24 Crores to Smaaash Entertainment. Additionally, Mr. Con Anthony Conlon is proposed for appointment as an Independent Director.
Key Highlights
- CEO Nitish Mittersain resigns effective Sept 1, 2026; Raymond Stauffer to take over.
- Company approves Q1 FY27 unaudited financial results.
- Investment of up to ₹9.9 Cr in subsidiary Funky Monkeys approved.
- Loan of up to ₹24 Cr to subsidiary Smaaash Entertainment approved.
- Revised terms for Bluetile Games and Bestplay Systems acquisition approved.
Price Impact
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