Nazara Technologies: CFO Resigns, Board Approves Director Changes

Nazara Technologies Limited announced significant management changes following a Board of Directors meeting on October 12, 2026. Mr. Rakesh Shah resigned as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective October 15, 2026, to pursue external opportunities. Mr. Arun Agrawal has been appointed as the new CFO and KMP from October 16, 2026. The Board also approved the re-designation of Mr. Mithun Padam Sacheti from Non-Executive Director to Whole-time Director and Key Managerial Personnel, and Mr. Nitish Mittersain from Managing Director to Founder and Non-Executive Director, both subject to shareholder approval. Additionally, the company approved the allotment of 2,38,81,711 equity shares on a preferential basis at an issue price of ₹306 per share.