Nazara Technologies Limited informs the Exchange regarding appointment of Internal Auditors of the company for FY 2026-27.
NAZARA · price
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Nazara Technologies held its Board meeting on May 12, 2026, approving audited financial results for FY26 (revenue Rs 1,82,898 lakh, profit Rs 8,194 lakh) and several governance changes. Key leadership transition: Mr. Vikash Mittersain is re-designated from Chairman & MD to Founding Chairman (Non-Executive) from June 1, 2026, with son Mr. Nitish Mittersain becoming MD & CEO. Two new directors are being added. The company appointed M/s MAKK & CO. as Internal Auditors for FY 2026-27. The company recorded a significant impairment of Rs 91,470 lakh on its investment in Moonshine Technologies (associate) due to the Online Gaming Act, 2025. The Scheme of Amalgamation of Paper Boat Apps Private Limited has been withdrawn. GST show cause notices totaling Rs 9,06,652 lakh remain pending for an associate company.
The leadership transition from founder Vikash Mittersain to his son Nitish represents a generational change. The massive impairment from the gaming regulation impact and pending GST liabilities are key concerns, though the appointment of new internal auditors signals strengthened financial oversight for FY27.