Nazara Technologies Limited informs the exchange regarding the Srutinizer's Report and Voting Results of Extra-Ordinary General Meeting held on May 01, 2026.
NAZARA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nazara Technologies held an EGM on May 1, 2026 via video conferencing, where two special resolutions were passed with overwhelming shareholder support. Resolution 1 sought approval to increase limits for providing loans, guarantees, or making investments under Section 186 of the Companies Act, 2013 — passed with 99.39% in favour (221.36 million votes for vs 1.35 million against) across all shareholder categories. Resolution 2 approved the issuance of warrants on a preferential basis — passed with 99.69% in favour (222.03 million votes for vs 0.69 million against). Total voter turnout was 60.12% of the company's 370.47 million outstanding shares, with no invalid votes recorded. Both resolutions met the required three-times majority threshold.
Both resolutions passed comfortably, indicating shareholder approval for expanded financial flexibility (Resolution 1) and a potential preferential share/warrant issuance (Resolution 2). The preferential warrant issuance could dilute existing shareholders and warrants may be issued to specific parties — investors should monitor for related party disclosures and pricing details in subsequent filings.