Nazara Technologies: Management Reshuffle and CFO Resignation

Nazara Technologies Limited announced significant management changes following a Board meeting on October 12, 2026. Mr. Rohit Sharma resigned as Whole-time Director, effective January 11, 2027, to pursue entrepreneurial ventures. Mr. Mithun Padam Sacheti was re-designated from Non-Executive Director to Whole-time Director and Executive Director. Additionally, Mr. Nitish Mittersain transitioned from Managing Director to Founder and Non-Executive Director. The company also accepted the resignation of CFO Mr. Rakesh Shah, effective October 15, 2026, and appointed Mr. Arun Agrawal as the new CFO from October 16, 2026. The Board also approved a preferential issue of 2,38,81,711 equity shares at ₹306 per share.