Nazara Technologies: Monitoring Agency Report Confirms No Deviation in Fund Utilization

Nazara Technologies Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, issued by ICRA Limited. The report, prepared in accordance with SEBI regulations, confirms that the utilization of proceeds from the preferential issue of equity shares is in line with the stated objects of the issue. No deviation was observed. The preferential issue involved 50,00,000 equity shares at INR 990 each, raising gross proceeds of INR 495.00 Crore. Issue-related expenses incurred up to Q1FY27 were INR 0.38 Crore. ICRA Limited acted as the appointed Monitoring Agency for this preferential issue.