Nazara Technologies Limited has informed the Exchange regarding Appointment of Mr Rohit Sharma as an Additional Director and Whole-time Director (Key Managerial Personnel) of the Company designated as Executive Director of the company w.e.f. August 13, 2025.
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Nazara Technologies' board approved Q1 FY26 results with consolidated revenue nearly doubling year-on-year to Rs. 498.77 crore (from Rs. 250.08 crore), though consolidated profit for the period fell to Rs. 14.92 crore from Rs. 23.62 crore. The board also approved a stock split (1 equity share of Rs. 4 into 2 shares of Rs. 2) together with a 1:1 bonus issue, subject to shareholder approval via postal ballot, with completion targeted by October 10, 2025, to improve liquidity and retail participation. Mr. Rohit Sharma was appointed as Executive Director and Key Managerial Personnel for 5 years starting August 13, 2025, while Mr. Rajiv Agarwal resigned as a Non-Executive Non-Independent Director citing increased professional commitments. The filing re-flagged a massive GST show cause notice exposure on subsidiaries totaling about Rs. 11,871 crore in gross demand (currently stayed by the Supreme Court and Calcutta High Court) and also noted recent acquisitions including Curve Digital Entertainment (GBP 21.7 million) and AFK Gaming.
The stock split and 1:1 bonus issue (effective by October 2025) will lower per-share price and boost retail accessibility, though they do not change underlying value. The strong revenue growth was offset by weaker YoY profits, and the Rs. 11,871 crore GST show cause notice overhang (stayed in court) remains the biggest risk for shareholders to monitor.