Nazara Technologies , a leading gaming and sports media platform, has announced significant corporate actions and management changes that could reshape its capital structure and leadership team.

Share Capital Increase and Stock Split

The company's Board of Directors has recommended increasing the authorized share capital from Rs. 50.00 crores to Rs. 80.00 crores. Additionally, Nazara proposes to split its existing equity shares, with each share of Rs. 4.00 face value to be divided into two shares of Rs. 2.00 face value.

Bonus Share Issue

In a move that could benefit existing shareholders, Nazara plans to issue bonus shares in a 1:1 ratio. This means shareholders will receive one new equity share for every share they currently hold, effectively doubling their shareholding without additional cost.

Key Management Appointments and Remuneration

The Board has proposed several significant changes to its leadership team:

1. Appointment of Rohit Sharma: Mr. Sharma, former founder and CEO of POKKT Mobile Ads, is set to join Nazara as a Whole-time Director, designated as Executive Director, for a five-year term. His proposed annual remuneration is Rs. 99.00 lakhs.

2. Remuneration Approval for Existing Directors:

   • Vikash Mittersain (Chairman & Managing Director): Annual remuneration of Rs. 94.00 lakhs
   • Nitish Mittersain (Joint Managing Director & CEO): Annual remuneration of Rs. 3.37 crores

These remuneration packages are proposed for their remaining tenure from January 2026 to January 2028.

Shareholder Approval Process

Nazara Technologies will seek shareholder approval for these proposals through a postal ballot. The e-voting period is scheduled from August 17 to September 15, 2025, with August 8, 2025, set as the cut-off date for voting eligibility.

Financial Context

While Nazara has shown strong consolidated performance, with revenue from operations at Rs. 16,239.00 million, the company faces challenges on a standalone basis. The management cites regulatory developments and competition in the telco subscription business as factors affecting standalone profitability.

Nazara's strategic investments in group companies have created significant value, but these are yet to be fully reflected in the company's profits. The management is focusing on long-term business models and emerging opportunities in the gaming sector to improve overall business growth and profitability.

As Nazara Technologies navigates these changes, investors and industry observers will be watching closely to see how these moves impact the company's market position and financial performance in the dynamic gaming and sports media landscape.

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.