Nazara Technologies Limited has informed the Exchange regarding Change in Director(s) of the company.
NAZARA · price
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Nazara Technologies reported FY26 consolidated revenue of Rs. 182,898 lakhs (up 12.6% from Rs. 162,391 lakhs in FY25) and profit of Rs. 8,194 lakhs. The Board approved appointment of Mr. Mithun Padam Sacheti as Additional Non-Executive Director and Mr. Muraarie Rajan as Additional Independent Director for 5 years. Founder Mr. Vikash Mittersain is re-designated from Chairman & Managing Director to 'Founding Chairman' (Non-Executive) effective June 1, 2026, ceasing to be KMP. Mr. Nitish Mittersain's title changes to Managing Director & CEO. The company recorded a Rs. 91,470 lakh impairment on its Moonshine Technologies associate due to the Online Gaming Act 2025. The proposed amalgamation of Paper Boat Apps subsidiary was withdrawn.
The founder transition to non-executive role marks a significant governance shift as the company institutionalizes, while strong revenue growth and the gaming regulation impact remain key watch points for investors.