Nazara Technologies EGM to appoint directors and re-designate chairman
Nazara Technologies Limited has announced an Extraordinary General Meeting (EGM) on August 10, 2026, to seek shareholder approval for appointing Mr. Mithun Padam Sacheti as a Non-Executive Director and Mr. Muraarie Rajan as an Independent Director for five years. The meeting will also vote on re-designating Mr. Vikash Mittersain as Founding Chairman and Non-Executive Director, effective June 1, 2026, with a specified remuneration package. Shareholders can participate via remote e-voting from August 5 to August 9, 2026, or during the meeting through video conferencing.
*this image is generated using AI for illustrative purposes only.
Nazara Technologies Limited has scheduled an Extraordinary General Meeting (EGM) for Monday, August 10, 2026, at 11:30 A.M. IST. The meeting will be conducted through Video Conferencing and Other Audio-Visual Means (VC/OAVM) to seek shareholder approval for the appointment of two directors and the re-designation of the current Chairman. The initiative is in compliance with the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.
Special Business Agenda
The EGM will transact three key items of special business. Shareholders will consider the appointment of Mr. Mithun Padam Sacheti (DIN: 01683592) as a Non-Executive Director, liable to retire by rotation. Additionally, the meeting will seek approval for the appointment of Mr. Muraarie Rajan (DIN: 02756837) as an Independent Director for a term of five years commencing from May 12, 2026, to May 11, 2031.
A special resolution will also be put to vote regarding the re-designation of Mr. Vikash Mittersain (DIN: 00156740) from Chairman & Managing Director to Founding Chairman in the category of Non-Executive Director. This re-designation is proposed for a term of five years from June 1, 2026, to May 31, 2031. The resolution also includes approval for his remuneration, comprising a fixed pay of INR 75,00,000 per annum and benefits not exceeding INR 10,00,000 per annum.
Meeting and Voting Details
The notice of the EGM has been sent electronically to members and is available on the company’s website at www.nazara.com . Members can participate and vote through remote e-voting or during the EGM via VC/OAVM. The remote e-voting period begins on August 5, 2026, at 09:00 A.M. IST and ends on August 9, 2026, at 05:00 P.M. IST. The voting rights are determined based on shareholding as on the cut-off date of August 3, 2026.
| Meeting Details | Information |
|---|---|
| Event | Extra-Ordinary General Meeting (EGM) |
| Date | Monday, August 10, 2026 |
| Time | 11:30 A.M. IST |
| Mode | Video Conferencing / Other Audio-Visual Means |
| Remote E-voting Start | August 5, 2026, 09:00 A.M. IST |
| Remote E-voting End | August 9, 2026, 05:00 P.M. IST |
| Cut-off Date | August 3, 2026 |
Historical Stock Returns for Nazara Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.45% | +1.12% | +1.42% | +6.44% | -9.91% | +34.29% |
How will Mr. Vikash Mittersain's transition to a non-executive role impact Nazara's strategic decision-making speed?
What specific expertise will Mr. Mithun Padam Sacheti bring to the board given his background in the jewelry sector?
Does the re-designation of the current MD signal a shift towards a more corporate governance-driven structure?
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