Nazara Technologies increased its stake in subsidiary Funky Monkeys Play Centre Private Limited to 64.00% following a ₹8 crore investment. The company acquired an additional 4.00% equity interest through the allotment of 1,87,586 shares.

The share allotment was confirmed via a letter dated August 21, 2026. This development follows an earlier disclosure on August 3, 2026, regarding the planned primary subscription. Each of the allotted equity shares carries a face value of ₹10.

Transaction Details

The acquisition was executed through a primary subscription route. Key parameters of the deal are outlined below:

Regulatory Compliance

Nazara Technologies filed the disclosure under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to both the BSE Limited and the National Stock Exchange of India Limited on August 21, 2026.

Shareholders of Nazara Technologies Limited approved three key governance resolutions at its Extraordinary General Meeting (EGM) held on August 10, 2026. The meeting, conducted via Video Conferencing and Other Audio Visual Means, resulted in the appointment of two new directors and the formal re-designation of the company’s Founding Chairman. These moves solidify the Board’s composition ahead of upcoming strategic initiatives.

The voting process was scrutinized by CS Sandhya R. Malhotra of Manish Ghia & Associates, who confirmed that all resolutions were passed with the requisite majority under Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI Listing Regulations. The remote e-voting period ran from August 5 to August 9, 2026, with a cut-off date for shareholding on August 3, 2026. A total of 98,356 shareholders were eligible to vote, with participation recorded from both promoter and public categories.

Resolution Outcomes

The first resolution, an ordinary resolution, appointed Mr. Mithun Padam Sacheti (DIN: 01683592) as a Non-Executive Director liable to retire by rotation. This resolution received overwhelming support, with 99.89% of valid votes cast in favor. The promoter group voted unanimously in support, while public institutional investors showed 99.48% approval.

The second resolution, a special resolution, appointed Mr. Muraarie Rajan (DIN: 02756837) as an Independent Director. This proposal saw near-unanimous backing, with 99.998% of votes cast in favor. Only 2,895 votes were cast against the resolution, primarily from public non-institutional investors. The promoter group and public institutions voted entirely in favor.

The third special resolution addressed the re-designation of Mr. Vikash Mittersain (DIN: 00156740) as Founding Chairman in the category of Non-Executive Director, along with the approval of his remuneration. This resolution passed with 99.56% of votes in favor. While promoter support was unanimous, public institutional investors showed slightly higher dissent compared to other resolutions, with 2.12% voting against. Public non-institutional investors remained largely supportive with 99.99% approval.

What the Numbers Show

The voting patterns reveal strong alignment between the promoter group and independent directors on governance matters. The promoter group, holding 126,881,212 shares, voted in favor of all three resolutions without any dissent. The primary source of opposition came from public institutional investors regarding Mr. Mittersain’s re-designation, suggesting a nuanced view on executive compensation or role clarity among larger non-promoter stakeholders. However, the overwhelming majority support across all categories indicates broad shareholder confidence in the Board’s proposed structural changes.