Nazara Technologies Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
NAZARA · price
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Awaiting price reaction for this filing.
Nazara Technologies' board approved Q1 FY26 (quarter ended June 30, 2025) unaudited consolidated results showing revenue nearly doubling to Rs. 49,877 lakhs from Rs. 25,008 lakhs in Q1 FY25, with profit rising to Rs. 3,062 lakhs from Rs. 2,362 lakhs. The board also approved a sub-division of equity shares from face value Rs. 4 to Rs. 2 (1:2 split) and a 1:1 bonus issue, both subject to shareholder approval via postal ballot. Additionally, authorised share capital will be raised from Rs. 50 crores to Rs. 80 crores, requiring an amendment to the Memorandum of Association. 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. The company also noted significant GST show cause notices aggregating over Rs. 11.87 lakh crore (note: appears as Rs. 11,59,678 lakhs in document) on certain subsidiaries, with management stating no liability is anticipated.
The strong revenue growth and improved profitability are positive for shareholders, while the stock split and 1:1 bonus issue should enhance liquidity and make shares more affordable for retail investors. The GST notices on subsidiaries are a material risk overhang, though management believes no liability will arise. Net effect is broadly positive for retail investors, with attention warranted on the GST matter outcome.