Nazara Technologies , a prominent player in the gaming and sports media sector, has unveiled significant corporate actions aimed at enhancing shareholder value and improving stock liquidity. The company has set key dates for its upcoming 1:1 bonus issue and 1:2 stock split, marking a notable development for investors.

Key Dates and Details

• Last Date for Eligibility: September 25, 2023
• Ex-Bonus and Ex-Split Date: September 26, 2023
• Record Date: September 26, 2023

Stock Split Details

Nazara Technologies will execute a stock split, reducing the face value of its shares from Rs 4.00 to Rs 2.00. This action will effectively double the number of shares held by investors, potentially improving the stock's liquidity and making it more affordable for a broader range of investors.

Bonus Issue

In addition to the stock split, the company has announced a bonus issue of 1:1. This means eligible shareholders will receive one bonus share for every share held as of the record date, September 26, 2023.

Impact on Shareholders

For investors, these corporate actions translate to a significant increase in their shareholding. For example:

• An investor holding 10 shares before the corporate actions will end up with 40 shares after completion:
  • 20 shares from the 1:2 stock split
  • 20 additional shares from the 1:1 bonus issue

It's important to note that while the number of shares will increase, the overall investment value will remain the same immediately after these actions, with the share price adjusting proportionately.

Historical Context

This marks a series of shareholder-friendly moves by Nazara Technologies:

• It is the company's second bonus issue since June 24, 2022
• This is the first stock split in the company's history

These actions demonstrate Nazara's commitment to enhancing shareholder value and potentially broadening its investor base.

Conclusion

Investors interested in participating in these corporate actions should ensure they hold Nazara Technologies shares by September 25, 2023. The ex-bonus and ex-split date of September 26, 2023, marks the point at which shares will begin trading to reflect these changes. As always, investors are advised to consider their individual financial situations and consult with financial advisors before making investment decisions.

Nazara Technologies Limited , a leading gaming and sports media company, has received shareholder approval for significant corporate actions that are set to enhance the stock's liquidity and reward existing shareholders.

Stock Split and Bonus Share Issuance

In a postal ballot concluded on September 15, 2025, Nazara Technologies' shareholders overwhelmingly approved a stock split and bonus share issuance. The key details of these corporate actions are as follows:

1. Stock Split (Sub-division): Each existing equity share with a face value of Rs. 4.00 will be split into two equity shares with a face value of Rs. 2.00 each.

2. Bonus Share Issuance: The company will issue bonus shares in a 1:1 ratio, meaning shareholders will receive one new equity share with a face value of Rs. 2.00 for every one existing equity share held after the stock split.

Important Dates

• Record Date: September 26, 2025

  • This date will determine the eligibility of shareholders for both the stock split and bonus share issuance.

• Bonus Share Allotment: September 29, 2025

  • The new bonus shares will be allotted to eligible shareholders on this date.

Shareholder Approval Details

The postal ballot results revealed strong support for these corporate actions:

Additional Corporate Actions

Shareholders also approved several other resolutions, including:

1. Increase in the company's authorized share capital.
2. Appointment of Mr. Rohit Sharma as a Director and Whole-time Director for a term of 5 years.
3. Approval of remuneration for Mr. Vikash Mittersain (Chairman & Managing Director) and Mr. Nitish Mittersain (Joint Managing Director & CEO) for their remaining terms.

Conclusion

These corporate actions reflect Nazara Technologies' commitment to enhancing shareholder value and improving stock market participation. Investors should note the upcoming record date of September 26, 2025, to ensure their eligibility for the stock split and bonus shares.