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
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Nazara Technologies Limited held an Extraordinary General Meeting on May 01, 2026 via video conferencing. Two special resolutions were passed with overwhelming shareholder approval. Resolution 1 approved an increase in limits for providing loans, guarantees, securities, or investments under Section 186 of the Companies Act, 2013, with 99.39% votes in favor (221.36 million votes). Resolution 2 approved the issuance of Warrants on Preferential Basis, with 99.69% votes in favor (222.03 million votes). Both resolutions required three times more votes in favor than against, which was achieved. No invalid votes were recorded. Total voter turnout was 60.12% of outstanding shares.
The passing of both resolutions gives the company flexibility for future investments and enables preferential warrant issuance, which could potentially dilute equity or be used for strategic funding. Strong institutional support (over 97% in favor from public institutions) signals confidence in management's plans.