Nazara Technologies Ltd

Nazara Technologies Limited announced the appointment of Mr. Arun Agrawal as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective October 16, 2026. This follows the resignation of Mr. Rakesh Shah from the same position, effective October 15, 2026. The Board of Directors also approved several other management changes, including the re-designation of Mr. Mithun Padam Sacheti to Executive Director, the noted resignation of Mr. Rohit Sharma as Whole-time Director, and the re-designation of Mr. Nitish Mittersain from Managing Director to Founder and Non-Executive Director. Additionally, the company approved the allotment of 2,38,81,711 equity shares at an issue price of ₹306 per share on a preferential basis.

Nazara Technologies Limited's Board of Directors approved the allotment of 2,38,81,711 equity shares at an issue price of ₹306 per share via a preferential private placement. The meeting also saw significant management changes, including the re-designation of Mr. Mithun Padam Sacheti to Executive Director, the resignation of Mr. Rohit Sharma as Whole-time Director (effective Jan 2027), and the re-designation of Mr. Nitish Mittersain from Managing Director to Founder and Non-Executive Director. Additionally, Mr. Rakesh Shah resigned as CFO, and Mr. Arun Agrawal was appointed as the new CFO.

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.

Nazara Technologies Limited announced significant management changes. Mr. Mithun Padam Sacheti has been re-designated from Non-Executive Director to Whole-time Director and Executive Director. Mr. Rohit Sharma resigned as Whole-time Director to pursue entrepreneurial ventures. Mr. Nitish Mittersain transitions from Managing Director to Founder and Non-Executive Director, providing strategic guidance. Mr. Rakesh Shah resigned as CFO, and Mr. Arun Agrawal has been appointed as the new CFO. Additionally, the company approved the allotment of 2,38,81,711 equity shares on a preferential basis at ₹306 per share, raising approximately ₹72.8 Crore.

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.

Nazara Technologies Limited's Board of Directors met on October 12, 2026, approving several key management changes. Mr. Mithun Padam Sacheti was re-designated from Non-Executive to Whole-time Director. Mr. Rohit Sharma resigned as Whole-time Director, effective January 11, 2027. Mr. Nitish Mittersain transitioned from Managing Director to Founder and Non-Executive Director. The Board 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. Additionally, the company approved the preferential allotment of 2,38,81,711 equity shares at ₹306 per share.

Nazara Technologies' UK subsidiary, Fusebox Games, announced the launch of "The Traitors: Interactive Game" on iOS and Android platforms on October 5, 2026. This choice-driven narrative experience is based on the globally popular "The Traitors" IP, inviting players to compete in a castle, forge alliances, and identify traitors among 22 other participants. Players can choose a defining trait, engage in missions to earn gold and immunity shields, and build trust or operate as a traitor. The game emphasizes strategic decision-making, alliance building, and tactical voting at the Round Table. Fusebox Games CEO Terry Lee highlighted the studio's expertise in adapting iconic entertainment IPs, while All3Media International, the licensor, expressed enthusiasm for fans worldwide to experience the game's unique blend of tension and deception.

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 October 01, 2026, until 48 hours after the declaration of the company's un-audited financial results for the quarter and half-year ending September 30, 2026. The specific date for the Board of Directors' meeting to approve these financial results will be communicated separately.

Nazara Technologies Limited has entered into a Loan Agreement with its wholly-owned subsidiary, Smaaash Entertainment Private Limited, to provide an unsecured loan of up to ₹28.00 Crores. The loan, to be disbursed in one or more tranches, is intended for Smaaash's general business purposes, including working capital, capital expenditure, and acquisition of capital assets. The agreement was executed on September 21, 2026. Nazara, as the lender, retains the discretion to convert all or part of the loan into equity shares of Smaaash. Although a related party transaction, it is exempt from certain Listing Regulations provisions as it's between a holding company and its wholly-owned subsidiary, and is conducted on an arm's length basis. The total outstanding loan from Nazara to Smaaash as of the disclosure date is ₹116.00 Crores.

Nazara Technologies Limited has confirmed the effective date for the appointment of Mr. Raymond Albaladejo Stauffer as the new Chief Executive Officer (CEO) and Key Managerial Personnel (KMP). The Board of Directors, through a resolution passed by circulation on September 16, 2026, has set this date as the official commencement of his tenure. This follows an earlier disclosure on August 3, 2026, regarding his initial appointment. Concurrently, Mr. Nitish Mittersain has stepped down from the CEO position, effective September 15, 2026, and will continue in his role as Managing Director and KMP. All other terms of Mr. Stauffer's appointment remain as previously disclosed.