Monitoring Agency Report for the quarter ended June 30, 2025.
NAZARA · price
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Awaiting price reaction for this filing.
Nazara Technologies has submitted the Monitoring Agency (MA) report prepared by ICRA Limited for Q1 FY2026, covering utilization of proceeds from three preferential issues totaling roughly Rs. 1,860 crore. Issue 1 (71.42 lakh shares at Rs. 714 each) of Rs. 509.99 crore: Rs. 502.20 crore revised cost, Rs. 477.20 crore utilized, Rs. 17.29 crore parked in mutual funds pending deployment. Issue 2 (89.60 lakh shares at Rs. 954.27 each) of Rs. 855.00 crore: proceeds revised to Rs. 849.54 crore after Rs. 45 crore undersubscription and Rs. 5.46 crore issue expenses, fully deployed across inorganic growth and general corporate purposes. Issue 3 (50 lakh shares at Rs. 990 each) of Rs. 495.00 crore: first MA report, full amount remains unutilized (targeted within 36 months). The MA confirmed no deviation from stated objects of the issue for any tranche.
Routine SEBI compliance filing with no negative findings; the MA confirmed proceeds are being used as disclosed. Investors get visibility on deployment of funds raised earlier, including acquisitions and pending growth investments. No material impact on stock price expected from this disclosure.