Independent Director Manan Shah resigned from the Board of faze three effective June 10, 2026, due to personal reasons. His departure results in the cessation of his membership across all key board committees, including the Audit Committee and the Stakeholders Relationship Committee, effective immediately. The company confirmed that Shah provided no other material reason for his resignation beyond personal commitments in his resignation letter dated June 10, 2026.

Committee Cessation Details

Following his resignation, Mr. Manan Shah (DIN: 07589737) is no longer associated with the following committees of Faze Three Limited:

• Audit Committee
• Nomination & Remuneration Committee
• Stakeholders Relationship Committee
• Corporate Social Responsibility Committee

The disclosure was submitted to the stock exchanges in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), 2015. The company has confirmed that the resignation letter is enclosed with the regulatory filing.

Director Profile and Confirmation

Mr. Manan Shah confirmed that there are no other material reasons for his resignation other than those stated in his letter. He does not hold directorships in any other listed entities. The company has requested the exchanges to take the resignation on record and acknowledged the need to notify the Registrar of Companies and other regulatory bodies.

Faze Three has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a consolidated net profit of INR 33.6 crore for the fiscal year, while revenue from operations increased by 33% year-on-year to INR 933 crore. On a quarterly basis, Q4 net profit rose to INR 19.6 crore compared to INR 17.4 crore in the same period last year, while Q4 revenue grew to INR 280.4 crore from INR 218.2 crore. The company published these results in an advertisement in Mint on May 25, 2026, in compliance with Regulation 30 of the SEBI Listing Regulations.

Financial Performance

The consolidated financial results for the year ended March 31, 2026, show a total income of INR 932.8 crore. The company's profit before tax for the year was INR 42.1 crore, with a basic earnings per share (EPS) of INR 13.8. The following table summarises the key annual financial metrics:

Q4 Consolidated Performance

The quarterly consolidated results reflect a strong year-on-year improvement across key metrics. Consolidated Q4 net profit increased to INR 19.6 crore from INR 17.4 crore in the corresponding period of the previous year. Revenue for the quarter grew to INR 280.4 crore compared to INR 218.2 crore year-on-year. EBITDA for the quarter rose to INR 37.16 crore from INR 32.23 crore, with the EBITDA margin rebounding to 13.25% from 9.15% in the preceding quarter. The table below captures the Q4 consolidated highlights:

Operational Highlights

The company's total expenses for the consolidated financial year amounted to INR 890.7 crore. The Board approved the financial results, which include the performance of subsidiaries such as Faze Three US LLC and Mats & More Private Limited. The company reported that Q4 FY26 achieved the highest-ever quarterly revenue and EBITDA figures. Management attributed the margin recovery in Q4 to operating leverage at higher revenue levels, unwinding of tariff impacts, and improving trade deal sentiment.

Outlook

The company expects high volume growth momentum to continue in FY27 and FY28 alongside inflation-related pricing growth. Management noted that the major capex cycle is expected to conclude in FY27, which would free up 40-50% of cash flow from operations for alternative uses such as debt reduction or shareholder returns. The company has applied for the PLI scheme for MMF, with approval expected in Q1 or Q2 of FY27.