Nazara Technologies Limited has announced its Extra-Ordinary General Meeting (EGM) scheduled for Friday, May 1, 2026, to be conducted through video conferencing in compliance with regulatory requirements.

Meeting Details and Schedule

The EGM will be held on Friday, May 1, 2026 at 11:30 AM (IST) through Video Conferencing (VC) and Other Audio Visual Means (OAVM) without physical presence of members at a common venue. The company has completed dispatch of the EGM notice through electronic mode to all eligible shareholders whose email addresses are registered with the Company, Registrar and Share Transfer Agent, or their Depository Participants.

E-Voting Arrangements

In accordance with Section 108 of the Companies Act, 2013 and related regulations, the company is providing e-voting facility to members through the electronic voting system provided by Central Depository Services (India) Limited (CDSL). Members can cast their votes either through remote e-voting prior to the EGM or through e-voting during the EGM.

The remote e-voting period has been scheduled as follows:

Shareholder Information

The company has fixed Friday, April 24, 2026 as the cut-off date to determine eligibility of members for voting. Voting rights will be proportionate to shares held in the paid-up equity share capital as on the cut-off date. Members who have cast their vote through remote e-voting will not be allowed to change it subsequently.

The EGM notice is available on multiple platforms:

• Company website: www.nazara.com
• BSE Limited: www.bseindia.com
• National Stock Exchange of India Limited: www.nseindia.com
• CDSL: www.evotingindia.com

Regulatory Compliance

The announcement was made pursuant to Regulations 30 and 47 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. The newspaper advertisement was published in "Financial Express" (English) and "Loksatta" (Marathi) on April 9, 2026.

For e-voting related queries, shareholders can contact Mr. Rakesh Dalvi, Sr. Manager, CDSL at helpdesk.evoting@cdslindia.com or call the toll-free number 1800 21 09911. The company secretary and compliance officer Arun Bhandari can be reached for general queries regarding the EGM.

Nazara Technologies Limited has officially announced its Extra-Ordinary General Meeting (EGM) scheduled for May 1, 2026 at 11:30 AM IST through Video Conferencing/Other Audio Visual Means (VC/OAVM). The company has published mandatory newspaper advertisements and provided comprehensive participation guidelines for shareholders.

EGM Agenda and Key Proposals

The EGM will address two critical special business items requiring shareholder approval. The primary agenda includes approval for issuing up to 1,92,31,000 warrants convertible into equity shares at ₹260 per warrant, raising ₹500.01 crore through preferential allotment.

Warrant Issuance Details

The company proposes to issue warrants to five strategic investors, with each warrant convertible into one fully paid-up equity share within 18 months. The warrant holders will pay 25% of the issue price upfront and the remaining 75% upon conversion.

Fund Utilization and Investment Limits

The company plans to utilize at least 75% of the net proceeds for expansion and growth opportunities, including strategic acquisitions and investments. The remaining 25% will be allocated for general corporate purposes. Additionally, shareholders will vote on increasing the investment limits under Section 186 from ₹3,500 crore to ₹5,000 crore.

Regulatory Compliance and Participation

The EGM notice has been distributed electronically to all registered shareholders and published in Financial Express (English) and Loksatta (Marathi) newspapers on April 7, 2026. The company has appointed CARE Ratings Limited as the monitoring agency for fund utilization, given the issue size exceeds ₹100 crore.

Shareholding Impact

Post-conversion of all warrants, the promoter and promoter group shareholding will decrease from 35.46% to 34.69%, while public shareholding will increase from 64.54% to 65.31%. The relevant date for floor price determination is April 1, 2026, with the warrant price of ₹260 complying with SEBI ICDR Regulations.

Shareholders can participate through remote e-voting from April 27-30, 2026, or vote during the EGM. The cut-off date for voting eligibility is April 24, 2026.