Nazara Technologies Limited informs the Exchange regarding Change in Director(s) of the company.
NAZARA · price
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Nazara Technologies reported FY26 consolidated revenue of Rs 1,82,898 lakh with profit of Rs 8,194 lakh. The Board approved appointment of Mr. Mithun Padam Sacheti as Additional Non-Executive Director and Mr. Muraarie Rajan as Additional Independent Director for 5 years. Founder Mr. Vikash Mittersain is re-designated from Chairman & Managing Director to Founding Chairman (non-executive) from June 1, 2026, ceasing to be KMP. Mr. Nitish Mittersain elevated from Joint MD & CEO to Managing Director & CEO. The company recognized Rs 91,470 lakh impairment on investment in associate Moonshine Technologies due to the Online Gaming Act 2025. The proposed amalgamation of Paper Boat Apps Private Limited has been withdrawn. GST show cause notices totaling over Rs 1 trillion remain undisclosed in financial statements.
Leadership transition marks institutionalization of the gaming platform with the founder moving to a strategic role. The substantial impairment from regulatory changes and unresolved GST disputes pose financial risks. New board appointments and internal auditor change indicate governance evolution.