Nazara Technologies EGM Voting Results: Both Resolutions Pass with Requisite Majority
Nazara Technologies disclosed EGM voting results for the meeting held on May 01, 2026, where both special resolutions—approving increased limits for loans, guarantees, and investments under Section 186 of the Companies Act, 2013, and issuance of warrants on a preferential basis—were passed with requisite majority. Resolution No. 1 received 221364879 votes in favour (99.39%) against 1351160 votes against (0.61%), while Resolution No. 2 received 222026274 votes in favour (99.69%) against 689765 votes against (0.31%), out of a total of 222716039 valid votes polled across 370465024 shares.
*this image is generated using AI for illustrative purposes only.
Nazara Technologies Limited disclosed the voting results of its Extraordinary General Meeting (EGM) held on Friday, May 01, 2026, through Video Conferencing (VC) / Other Audio Visual Means (OAVM), in compliance with the Ministry of Corporate Affairs (MCA) circulars and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting was chaired by Mr. Vikash Mittersain, Chairman & Managing Director, and commenced at 11:30 a.m. IST, concluding at 12:05 p.m. IST. The company had appointed CS Sandhya R. Malhotra, Partner of M/s. Manish Ghia & Associates, Company Secretaries, Mumbai, as the Scrutinizer to oversee the e-voting process. As per the Consolidated Scrutinizer's Report, both resolutions contained in the EGM Notice dated March 30, 2026 were duly passed by members with the requisite majority.
EGM Resolutions
The EGM transacted two items of special business through remote e-voting and e-voting during the meeting:
| Sr. No. | Resolution | Type |
|---|---|---|
| 1. | Approval for increase in limits to provide Loan, Guarantee or Security or to make Investment under Section 186 of the Companies Act, 2013 | Special Resolution |
| 2. | Approval for issuance of Warrants on Preferential Basis | Special Resolution |
The remote e-voting period commenced on Monday, April 27, 2026 at 9:00 a.m. IST and ended on Thursday, April 30, 2026 at 5:00 p.m. IST. The cut-off date for voting eligibility was Friday, April 24, 2026, on which the total number of shareholders stood at 100,677. The e-voting platform was facilitated by Central Depository Services (India) Limited (CDSL).
Voting Results — Resolution No. 1
Special Resolution: Approval for increase in limits to provide Loan, Guarantee or Security or to make Investment under Section 186 of the Companies Act, 2013.
The following table presents the category-wise voting breakdown for Resolution No. 1:
| Category | Votes Polled | % Polled on Outstanding Shares | Votes in Favour | Votes Against | % in Favour | % Against |
|---|---|---|---|---|---|---|
| Promoter & Promoter Group | 125367276 | 95.44 | 125367276 | 0 | 100.00 | 0.00 |
| Public Institutions | 50024822 | 85.65 | 48676849 | 1347973 | 97.31 | 2.69 |
| Public Non Institutions | 47323941 | 26.19 | 47320754 | 3187 | 99.99 | 0.01 |
| Total | 222716039 | 60.12 | 221364879 | 1351160 | 99.39 | 0.61 |
Total shares held across all categories: 370465024. There were no invalid votes. The resolution was passed with requisite majority, with votes in favour exceeding three times the votes cast against.
Voting Results — Resolution No. 2
Special Resolution: To approve the issuance of Warrants on Preferential Basis.
The following table presents the category-wise voting breakdown for Resolution No. 2:
| Category | Votes Polled | % Polled on Outstanding Shares | Votes in Favour | Votes Against | % in Favour | % Against |
|---|---|---|---|---|---|---|
| Promoter & Promoter Group | 125367276 | 95.44 | 125367276 | 0 | 100.00 | 0.00 |
| Public Institutions | 50024822 | 85.65 | 49335491 | 689331 | 98.62 | 1.38 |
| Public Non Institutions | 47323941 | 26.19 | 47323507 | 434 | 100.00 | 0.00 |
| Total | 222716039 | 60.12 | 222026274 | 689765 | 99.69 | 0.31 |
Total shares held across all categories: 370465024. There were no invalid votes. This resolution was also passed with requisite majority, with votes in favour exceeding three times the votes cast against.
Meeting Attendance and Compliance
The EGM was attended through video conferencing by 9 shareholders from the Promoter & Promoter Group and 34 Public Shareholders. The Consolidated Scrutinizer's Report was signed by CS Sandhya R. Malhotra (M. No. FCS 6715, C.P. No. 9928) on May 04, 2026, and countersigned by Mr. Vikash Mittersain, Chairman & Managing Director, on May 05, 2026. The voting results and Scrutinizer's Report have been submitted to BSE Limited and National Stock Exchange of India Limited, and are also hosted on the company's website at www.nazara.com . The intimation was signed by Arun Bhandari, Company Secretary and Compliance Officer, on May 05, 2026.
Historical Stock Returns for Nazara Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.38% | -3.23% | +6.88% | +11.87% | -10.76% | +40.90% |
How will Nazara Technologies deploy the capital raised through the preferential warrant issuance, and which gaming or media segments are likely to be prioritized for investment or acquisition?
What is the conversion price and timeline for the approved warrants, and how might the resulting dilution impact minority shareholders' returns over the next 12-18 months?
Given the increased limits under Section 186 for loans, guarantees, and investments, which subsidiaries or portfolio companies is Nazara likely to extend financial support to, and what are the associated risk implications?
19
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
