Nazara Technologies Limited, a leading gaming and sports media company, has announced two significant corporate developments that are set to reshape its business structure and investments.

Datawrkz Acquisition Finalized

Nazara Technologies has completed its acquisition of a 55% stake in Datawrkz Business Solutions Private Limited. The company made the final payment under the Investment Agreement dated January 18, 2022, solidifying its position in the ad-tech sector. This strategic move is expected to enhance Nazara's capabilities in digital advertising and data analytics.

Nodwin Gaming De-Subsidiarisation

In a separate development, Nazara has amended its investment agreement with Nodwin Gaming Private Limited, resulting in Nodwin's de-subsidiarisation. The amendment saw Nazara relinquishing several key rights, including:

1. The right to appoint a majority of directors on Nodwin's board
2. The right to mutually appoint and terminate Nodwin's Chief Financial Officer
3. The right to approve annual operating plans

Despite this change, Nazara remains the largest shareholder in Nodwin, holding 46.87% of its paid-up equity share capital. However, Nodwin will now be reclassified as an associate rather than a subsidiary of Nazara Technologies.

Shareholder Approval and Future Implications

The de-subsidiarisation of Nodwin Gaming was approved by Nazara's members at an Extra-ordinary General Meeting. This strategic move allows Nodwin more operational autonomy while maintaining Nazara's significant stake in the company.

Nazara Technologies retains pre-emptive rights to subscribe to new offers on a pro-rata basis with other existing shareholders of Nodwin Gaming, ensuring it can maintain its proportional ownership in future funding rounds.

These corporate actions reflect Nazara's evolving strategy in the gaming and digital media landscape, balancing direct control with strategic investments. The completion of the Datawrkz acquisition strengthens Nazara's ad-tech capabilities, while the de-subsidiarisation of Nodwin Gaming may allow for more flexible growth strategies in the esports sector.

Investors and industry observers will be keen to see how these changes impact Nazara's financial performance and market position in the coming quarters.

Nazara Technologies , a leading gaming and sports media company, has announced several significant corporate actions and leadership changes following a crucial board meeting.

Approved Corporate Actions

The board has approved the following measures, subject to shareholder approval via postal ballot:

1. Increasing the authorized share capital from Rs. 50.00 crores to Rs. 80.00 crores
2. A 2:1 stock split, reducing the face value of shares from Rs. 4.00 to Rs. 2.00
3. Issuance of bonus shares in the ratio of 1:1

These actions are aimed at enhancing liquidity and encouraging retail investor participation.

Financial Performance

The company reported its latest quarterly results:

• Revenue: Rs. 49,877.00 lakhs
• Consolidated profit: Rs. 407.00 lakhs

Leadership Changes

1. Mr. Rohit Sharma has been appointed as Executive Director for a five-year term starting August 13, 2025.
2. Mr. Rajiv Agarwal has resigned from his position as Non-Executive Non-Independent Director due to professional commitments.

Impact on Share Structure

If approved by shareholders, these corporate actions will significantly impact Nazara Technologies' share structure:

• The stock split will make shares more accessible to a broader range of investors by reducing the price per share while maintaining the company's market capitalization.
• This will be the company's second bonus issue, following a 1:1 bonus in 2022.
• The combination of the stock split and bonus issue could potentially quadruple the number of outstanding shares.

Recent Stock Performance

Nazara Technologies' stock has shown strong performance recently:

Outlook

These corporate actions and leadership changes demonstrate Nazara Technologies' commitment to creating shareholder value and adapting to market dynamics. The gaming and sports media sector continues to be an area of interest for investors, and these moves may further solidify Nazara's position in the market.

Investors should note that the implementation of these measures is subject to shareholder approval. As always, it is advisable to conduct thorough research and consider personal financial goals before making investment decisions based on corporate actions or stock performance.