Nazara Technologies held its 27th Annual General Meeting on September 25, 2026, adopting the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The meeting was conducted through Video Conferencing and Other Audio Visual Means in compliance with Ministry of Corporate Affairs and SEBI circulars. 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.

Key resolutions passed

Two ordinary resolutions were transacted through remote e-voting and e-voting 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. CS Sandhya Malhotra of M/s. Manish Ghia & Associates served as the Scrutinizer.

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. Voting results will be published on stock exchange and company websites within two working days.

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.