NAZARABSENazara Technologies LtdLowNeutral
Announced Fri, 1 May · 18:13 IST

Nazara Technologies Limited informs the Exchange regarding Proceedings of Extra Ordinary General Meeting held on May 01, 2026

Board & Shareholder Meetings View source PDF

NAZARA · price

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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹263.55
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₹265.90
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AI summary

Nazara Technologies held an Extra-Ordinary General Meeting on May 1, 2026, conducted via video conferencing. The meeting lasted 35 minutes and was chaired by Vikash Mittersain. Two special resolutions were voted on: (1) approval to increase limits for providing loans, guarantees, or making investments under Section 186 of the Companies Act, and (2) approval for issuance of Warrants on Preferential Basis. Remote e-voting ran from April 27-30, 2026, with e-voting available during the meeting. CS Sandhya Malhotra from M/s. Manish Ghia & Associates was appointed as scrutinizer. Voting results will be published within 2 working days on BSE, NSE, CDSL, and the company website.

Likely market impact

The warrant issuance on preferential basis may lead to dilution of existing shareholding. The expanded investment limits give the company more flexibility for future corporate actions. Shareholders should monitor the voting results to understand which resolutions passed.