Nazara Technologies Limited informs the Exchange regarding Notice of Postal Ballot
NAZARA · price
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Nazara Technologies has sent out a Postal Ballot notice to shareholders seeking approval via remote e-voting (August 17 to September 15, 2025) on seven key items. The first three are corporate actions: (1) increasing authorised share capital from Rs. 50 crore to Rs. 80 crore, (2) sub-dividing each equity share of face value Rs. 4 into 2 equity shares of Rs. 2, and (3) issuing bonus shares in a 1:1 ratio (one Rs. 2 share for every one held). Together, the split and bonus would quadruple the number of shares held by existing investors. The remaining items cover the appointment of Mr. Rohit Sharma (DIN: 01738942) as Director and Whole-time Director (Executive Director) for 5 years at a salary of Rs. 99 lakh per annum, plus approval of remuneration for Chairman & MD Vikash Mittersain (Rs. 94 lakh per annum) and Joint MD & CEO Nitish Mittersain (Rs. 3.37 crore per annum) for their remaining tenure from January 17, 2026 to January 16, 2028. E-voting is being conducted by CDSL, with the cut-off date set as August 8, 2025.
The combined stock split and 1:1 bonus issue is likely to improve share liquidity and affordability, often drawing positive retail interest, though it does not change the underlying value of holdings. The new executive director appointment and renewed remuneration terms for the Mittersain brothers lock in leadership continuity through 2028, which is a stability signal for shareholders.