Nazara Technologies Limited informs the Exchange regarding Outcome of Board Meeting held on August 25, 2025.
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Nazara Technologies' board, at its meeting on August 25, 2025, approved an unsecured loan of GBP 1,259,520 (approximately INR 15 Crores) to its wholly-owned UK subsidiary, Nazara Technologies UK Limited. This loan is part of the further consideration payable under the August 2024 definitive agreement for acquiring Fusebox Games Ltd (a step-down subsidiary). The board also gave in-principle approval for additional inter-se unsecured loans of up to INR 100 Crores among wholly-owned subsidiaries, and another INR 100 Crores unsecured loan to Nazara UK, both over and above amounts approved at the May 20 and May 26, 2025 board meetings. The total outstanding loan to Nazara UK currently stands at GBP 11,187,061. Additionally, the 26th Annual General Meeting has been scheduled for September 29, 2025, to be held via video conferencing.
The incremental lending to its UK subsidiary signals continued capital infusion toward the Fusebox Games acquisition and broader subsidiary funding needs, which could pressure the parent's cash position but is not expected to materially affect shareholders in the short term. The AGM notice is a routine compliance matter.