Nazara Technologies Limited has informed the Exchange regarding 'Announcement under Regulation 30 (LODR)-update on Scheme of Arrangement'.
NAZARA · price
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Nazara Technologies' board approved audited consolidated and standalone financial results for Q4 and FY ended March 31, 2025. Full-year revenue from operations grew strongly to Rs 1,623.91 crore (up from Rs 1,138.28 crore in FY24), but profit after tax fell to Rs 50.96 crore (from Rs 74.75 crore). The board approved a modification to the Scheme of Amalgamation of Paper Boat Apps (a wholly-owned subsidiary) into Nazara, changing the appointed date from October 1, 2024 to April 1, 2025, subject to NCLT approval. Secretarial Auditors (BNP & Associates, 5-year term) and Internal Auditors (MAKK & Co, FY26) were appointed. The board also approved in-principle unsecured loans of up to Rs 75 crore between wholly-owned subsidiaries. Auditors flagged GST show cause notices worth over Rs 1,187 crore across two subsidiaries (Openplay and Halaplay) and two associates (SBN and Baazi Networks), though no adjustments were made as management sees no liability.
Strong top-line growth driven by Gaming, eSports, and especially Ad Tech segments is a positive, but declining profitability and the massive GST show cause notices (Rs 1,187 crore across group entities) are key risks investors should monitor. The Paper Boat Apps amalgamation is a routine simplification within the wholly-owned subsidiary structure and unlikely to impact shareholders materially, though the deferred appointed date keeps the structure in transition.