Nazara Technologies reported that both ordinary resolutions proposed at its 27th Annual General Meeting were passed with requisite majority. The meeting was held on September 25, 2026, via Video Conferencing and Other Audio Visual Means.

The Consolidated Scrutinizer’s Report confirmed the results for the adoption of financial statements and the re-appointment of a director. The report was submitted by CS Sandhya Malhotra of M/s. Manish Ghia & Associates on September 29, 2026.

Voting results summary

The following table details the voting outcomes for the two ordinary resolutions transacted during the meeting:

Procedural details

The Company Secretary, Arun Bhandari, informed members that Central Depository Services (India) Limited provided the e-voting facility. Remote voting opened on September 22, 2026, and closed on September 24, 2026. The cut-off date for determining shareholders entitled to vote was September 18, 2026.

Founding Chairman Vikash Mittersain chaired the session, while Managing Director Nitish Mittersain conducted the proceedings. The meeting commenced at 11:30 am and concluded at 11:58 am IST. No registered shareholders joined the virtual meeting to ask questions or express views. The Board’s Report and Audit Reports were taken as read, with no qualifications noted in the Audit Report.

Shareholder participation

A total of 96,019 shareholders were recorded as on the cut-off date. During the virtual meeting, 9 promoter group members and 51 public shareholders attended through Video Conferencing. No shareholders attended in person or through proxy.

Voting results have been hosted on the company website www.nazara.com and published on stock exchange websites within two working days of the conclusion of the AGM.

Nazara Technologies entered into a loan agreement with its wholly owned subsidiary, Smaaash Entertainment Private Limited, on September 21, 2026. The deal allows the parent company to extend an unsecured loan of up to ₹28.00 crore in one or more tranches.

The funds are designated for Smaaash’s general business purposes, including working capital requirements, capital expenditure, and the acquisition of capital assets. The transaction complies with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Loan Structure and Terms

The agreement grants Nazara the discretion to convert all or part of the loan into equity shares of the borrower, subject to receiving requisite approvals. This conversion right is exercisable via written notice to Smaaash.

As a transaction between a holding company and its wholly owned subsidiary, the deal is exempt from standard related party transaction provisions under the Listing Regulations. The company confirmed the transaction was executed at arm’s length.

Existing Exposure

The disclosure highlights the cumulative nature of the financial relationship between the two entities. As of the date of disclosure, the total amount of loans outstanding from Nazara to Smaaash stood at ₹116.00 crore.

This new facility adds to the existing balance, reflecting continued internal capital allocation towards the gaming subsidiary’s operational and growth needs. No other security or collateral has been provided for these exposures.