Nazara Technologies Limited has informed the Exchange regarding Resignation of Mr. Rajiv Agarwal as a Non- Executive Non-Independent Director of the company w.e.f. August 12, 2025.
NAZARA · price
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Nazara Technologies reported strong consolidated Q1 FY26 results with revenue from operations nearly doubling to Rs. 498.77 crore (vs Rs. 250.08 crore in Q1 FY25), driven by Gaming (Rs. 240.92 cr) and eSports (Rs. 154.14 cr), though eSports and Ad tech segments reported losses. Profit for the quarter stood at Rs. 36.42 crore with EPS of Rs. 1.69. The board approved a 1:2 stock split (face value Rs. 4 to Rs. 2) and a 1:1 bonus issue, along with an increase in authorised share capital from Rs. 50 cr to Rs. 80 cr, subject to shareholder approval via postal ballot. Mr. Rohit Sharma was appointed as Whole-time Director (Executive Director) for 5 years, while Mr. Rajiv Agarwal resigned as Non-Executive Non-Independent Director citing increased professional commitments. Separately, the auditor's review flagged large GST show cause notices totalling about Rs. 1,187 crore on certain subsidiaries and associates, which the company disputes and has not accounted for.
The near-doubling of quarterly revenue is a positive signal for growth, and the stock split plus bonus issue should improve affordability and liquidity for retail investors. However, shareholders should watch the massive Rs. 1,187 crore GST exposure on group entities, which remains a key overhang despite management's view that no liability is anticipated.