Nazara Technologies Limited has announced a revision to the schedule of its Extra-Ordinary General Meeting (EGM), informing both BSE and NSE about the change in date through a regulatory filing on April 1, 2026.

Meeting Rescheduled

The company has rescheduled its EGM from the originally planned date of Thursday, April 30, 2026, to Friday, May 1, 2026. This update was communicated to the stock exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background and Context

The EGM is being convened following the Board of Directors' meeting held on March 30, 2026, where the preferential issue was approved. The company referenced this prior disclosure in its latest communication to the exchanges, confirming that the date change is the only modification to the previously announced meeting details.

Regulatory Compliance

The notification was filed with both major Indian stock exchanges where Nazara Technologies shares are listed. The company emphasized that all other details disclosed in the original outcome of the March 30, 2026 Board meeting remain unchanged, with only the EGM date being revised.

Company Secretary and Compliance Officer Arun Bhandari signed the disclosure document, ensuring proper regulatory compliance with the updated meeting schedule. The company has requested both exchanges to take the revised date on record for their official documentation.

Nazara Technologies Limited has announced a strategic investment of ₹14,98,99,176 in Rusk Media Private Limited through a Share Subscription Agreement signed on March 30, 2026. This investment marks a significant step in Nazara's expansion into content creation for the gaming and esports ecosystem, targeting Gen-Z and Millennial audiences.

Investment Structure and Terms

The investment involves subscription to 1,278 Pre Series C Compulsorily Convertible Preference Shares of face value ₹10 each in Rusk Media. This acquisition represents 1.36% of Rusk Media's share capital on a fully diluted basis, bringing Nazara's total holding to 7.62% post-completion of the transaction.

Strategic Partnership Objectives

The collaboration aims to leverage Rusk Media's expertise in creating content for Gen-Z and Millennials to develop a scripted reality esports and gaming universe. Through this partnership, Rusk will create entertainment-driven content specifically designed for gaming fans in India and globally. Nazara and its subsidiaries will secure exclusive monetization rights on the intellectual property created, including the ability to monetize characters and creators through mobile games.

About Rusk Media Private Limited

Rusk Media Private Limited, incorporated on February 13, 2019, operates in the Media & Entertainment sector. The company has demonstrated consistent growth over the past three years, with its registered office located in Mumbai.

The company's turnover has shown impressive growth, increasing from ₹39,49,00,000 in FY 2022-23 to ₹81,38,83,000 in FY 2024-25, representing more than double growth over the three-year period.

Regulatory Compliance and Approvals

The transaction does not fall within the purview of related party transactions, and Nazara's promoter, promoter group, or group companies have no interest in Rusk Media. No governmental or regulatory approvals are required for this acquisition, streamlining the completion process. The investment aligns with Nazara's strategic focus on expanding its gaming and entertainment portfolio while maintaining compliance with all applicable laws and regulations.