Nazara Technologies Limited informs the Exchange regarding the Outcome of Board Meeting held on May 12, 2026.
NAZARA · price
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Nazara Technologies Limited reported audited consolidated revenue of Rs 182,898 lakhs for FY26 (up from Rs 162,391 lakhs in FY25), with profit after tax of Rs 8,194 lakhs (down from Rs 8,718 lakhs). The company recorded an exceptional impairment loss of Rs 91,470 lakhs on its investment in associate Moonshine Technologies due to the enactment of the Online Gaming Act, 2025, which prohibited online money games. The auditor issued an unmodified opinion. Key leadership changes include re-designation of founder Vikash Mittersain as 'Founding Chairman' (non-executive) from June 01, 2026, with Nitish Mittersain elevated to MD & CEO. The company also withdrew the amalgamation scheme of its wholly-owned subsidiary Paper Boat Apps. GST show cause notices totaling over Rs 1 trillion have been received by various subsidiaries, though no provisions have been made.
The large impairment charge due to regulatory changes in the gaming sector has compressed profitability and raised going concern considerations, though the company maintains strong cash reserves and received clean audit opinion. Leadership transition and GST litigation remain key watch items for investors.