Nazara Technologies Ltd

Nazara Technologies Limited has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will remain shut from July 01, 2026, until 48 hours after the declaration of the company's un-audited financial results for the quarter ending June 30, 2026. The specific date for the board meeting to approve these results and the subsequent opening of the trading window will be communicated later.

Nazara Technologies Limited has announced an extension for the infusion of funds into its wholly-owned subsidiary, Nazara Technologies UK Limited. The company previously disclosed plans to invest up to USD 100.3 million, comprising USD 40.1 million via equity subscription and USD 60.2 million as a loan. The deadline for this infusion has now been pushed to August 14, 2026. This update pertains to a prior disclosure made on March 18, 2026, and is subject to applicable laws.

Nazara Technologies Limited has approved the allotment of 1,82,31,000 warrants on a preferential basis via private placement. Each warrant is convertible into one equity share and was issued at a price of ₹260 per warrant, including a premium of ₹258. The total subscription amount received for these warrants is ₹1,18,50,15,000. Plutus Investments and Holding Private Limited will be classified as part of the Promoter Group post-allotment. Warrant holders can exercise their conversion rights within 18 months.

Nazara Technologies Ltd's wholly-owned subsidiary, Nazara Technologies FZ LLC, has executed a Convertible Promissory Note with nCore Games, Inc., investing USD 500,000 (approximately ₹4.76 Crores) in one or more tranches. This investment aims to strengthen Nazara's India-centric gaming and esports IP portfolio, particularly through the FAU-G franchise. The investment is subject to customary terms and conditions and required approvals. nCore Games, incorporated in 2018, focuses on mobile game development and publishing, with its flagship game FAU-G: Domination launched in early FY26, generating USD 0.06 Million in revenue for the fiscal year.

Nazara Technologies Limited has completed the acquisition of 1,278 Pre Series C Compulsorily Convertible Preference Shares (CCPS) of Rusk Media Private Limited. The shares were allotted to Nazara against a subscription amount of ₹14,98,99,176/-. This latest acquisition represents 1.36% of Rusk Media's share capital on a fully diluted basis. Following this transaction, Nazara's total shareholding in Rusk Media has increased to 7.62% on a fully diluted basis. This update follows a previous disclosure made on March 30, 2026.

Axana Estates LLP and Persons Acting in Concert (PACs) have increased their shareholding in Nazara Technologies Limited. Before the acquisition, their combined holding was 27.15% (10,05,82,616 shares). Axana Estates LLP acquired 1,47,70,680 shares, representing 3.99% of the total share capital. Following the acquisition, the combined holding of Axana Estates LLP and PACs stands at 31.14% (11,53,53,296 shares). The acquisition was made through open market purchases.

Mitter Infotech LLP, a promoter of Nazara Technologies, has sold 1,92,46,268 shares, representing 5.195% of the total share capital, through open market transactions. This sale reduces Mitter Infotech LLP's holding to 0.897%. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Nazara Technologies Ltd's board approved the audited financial results for the year ended March 31, 2026. They appointed Mr. Mithun Padam Sacheti as a Non-Executive Non-Independent Director and Mr. Muraarie Rajan as an Independent Director. Mr. Vikash Mittersain was re-designated as ‘Founding Chairman’. The company also appointed M/s. MAKK & CO. as Internal Auditors and withdrew the Scheme of Amalgamation of Paper Boat Apps Private Limited.

Nazara Technologies Ltd's Monitoring Agency Report for the quarter ended March 31, 2026, indicates no deviation from the objects of the preferential issue. ICRA Limited, the monitoring agency, confirmed that the utilization of the ₹495.00 crore proceeds from the issuance of 50,00,000 equity shares is in line with the stated objectives. The report, prepared as per SEBI regulations, does not comment on the quality, appropriateness, or reasonableness of the company's spending.

Nazara Technologies Ltd has appointed M/s. MAKK & CO., Chartered Accountants, as the Internal Auditors of the Company for the Financial Year 2026-27. This decision was made during a Board of Directors meeting held on May 12, 2026, where the audited financial results for the quarter and financial year ended March 31, 2026, were also approved. Other key decisions included the appointment and re-designation of directors and the withdrawal of a scheme of amalgamation.