Nazara Technologies Limited has received bonus equity shares from its wholly owned subsidiary Paper Boat Apps Private Limited, as disclosed in a regulatory filing on March 25, 2026. The allotment represents a significant corporate action within the company's subsidiary structure.

Bonus Share Allotment Details

The bonus share allotment involved substantial numbers and specific terms that strengthen Nazara's position in its subsidiary:

The 93:1 ratio means that for every 1 existing equity share held by Nazara in Paper Boat Apps, the subsidiary issued 93 new fully paid-up bonus equity shares. This represents one of the higher bonus ratios typically seen in corporate actions.

Ownership Structure Maintained

Despite the substantial increase in the number of shares, Nazara Technologies continues to maintain complete control over Paper Boat Apps Private Limited. The company's ownership percentage remains unchanged at 100% of the subsidiary's share capital. This structure ensures that all strategic and operational decisions of Paper Boat Apps remain under Nazara's direct control.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Arun Bhandari signed the regulatory filing, ensuring proper compliance with stock exchange requirements for both BSE Limited and National Stock Exchange of India Limited.

Corporate Structure Impact

The bonus share allotment reflects the internal restructuring within Nazara's subsidiary framework. Paper Boat Apps Private Limited, being a wholly owned subsidiary, conducted this bonus issue to reorganize its share capital structure. The action increases the total number of shares outstanding while maintaining the same proportional ownership for Nazara Technologies.

This corporate action demonstrates the ongoing organizational activities within Nazara's subsidiary network, with Paper Boat Apps continuing to operate as a fully controlled entity under the parent company's strategic direction.

Nazara Technologies Limited has released a comprehensive investor presentation detailing its strategic acquisition of two Spanish gaming companies and scheduled an investor/analyst meeting to discuss the USD 100.30 million transaction, marking a significant expansion in AI-driven casual gaming.

Investor Meeting and Conference Call Details

The company has scheduled a virtual investor/analyst meeting for March 19, 2026, at 12:00 PM IST to provide updates on the acquisition of Bluetile Games S.L. and BestPlay Systems S.L. The conference call, organized by ICICI Securities, will feature key representatives including CEO Nitish Mittersain, Head of Corporate Development Anupriya Sinha Das, and Bluetile CEO and Founder Raymond Stauffer.

Regulatory Filing and Board Approvals

The company filed an investor presentation with stock exchanges on March 18, 2026, pursuant to Regulation 30 of SEBI Listing Regulations. The Board of Directors granted in-principle approval for Nazara Technologies UK Limited, a wholly-owned subsidiary, to acquire controlling stakes in both Spanish gaming companies.

Integrated Gaming Platform Strategy

The investor presentation reveals Nazara's strategy to create an integrated content and distribution platform at scale. Bluetile operates a diversified portfolio of casual, social mobile games across puzzles, sorting and tile-based formats, including titles such as Yatzy, Domino Legends, Mahjong Voyage, and Spade Stars. BestPlay functions as a rewarded engagement platform that drives user acquisition, retention and cross-promotion across mobile games.

AI-Native Development and Financial Performance

The presentation highlights Bluetile's AI-embedded development approach across the full technology stack, with 90-95% of data architecture and 80% of backend code being AI-developed. The platform demonstrated proven velocity by shipping 5 games in 6 months, validating a reusable AI-powered game template targeting 50% faster development.

The acquisition employs a performance-linked structure with USD 59.70 million payable at first close and remaining USD 40.60 million within 6 months. Performance-linked earn-outs estimated at USD 98.20 million are contingent on achieving agreed revenue and EBITDA targets for CY2027-2029, payable annually from 2028 to 2030.