CFO and Whole-time Director resign at Nazara; new CFO appointed

Cfo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

NAZARA · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.0%Reaction day

₹400.35

prior close

₹400.50

announcement price

After-mkt

timing

Nifty Microcap 250market+0.7%+0.3% vs market

Entertainment peers, median of 54sector · industry level-0.2%+1.2% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 1.2 pts more than its Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.3

10m

+1.4

15m

+1.4

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0+0.7+0.3-0.2+1.2

Next day

+1.2-1.0+2.1-1.1+2.3

+4.7-0.3+4.9-0.2+4.9

+0.8-1.9+2.7-0.5+1.3

-0.4-4.5+4.1-2.3+2.0

-3.0-5.5+2.5-3.1+0.2

+0.5-7.3+7.8-4.9+5.5

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Entertainment peers, median of 54Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Nazara Technologies announced two resignations on October 12, 2026. Whole-time Director Rohit Sharma stepped down to pursue entrepreneurial opportunities, effective January 11, 2027, after a 3-month notice period. CFO Rakesh Shah resigned effective October 15, 2026, to take a career opportunity outside the company. The board appointed Arun Agarwal, a Chartered Accountant with over 20 years of experience at Mastek, Ness Digital Engineering, GE and Wipro, as the new CFO from October 16, 2026.

Likely market impact

Succession looks orderly with an experienced CFO replacement. Director exit is gradual via 3-month notice. Worth watching for any stock reaction.