Nazara Technologies Board Approves Q3FY26 Results and Strategic Investment Plans
Nazara Technologies announced Board approval of Q3FY26 unaudited financial results for quarter ended December 31, 2025, alongside in-principle approval for strategic investments including INR 15 Crores in Rusk Media Private Limited and USD 500,000 in nCore Games Inc through subsidiary Nazara FZ LLC.
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Nazara Technologies Limited announced the outcome of its Board of Directors meeting held on February 03, 2026, where key financial results and strategic investment decisions were approved under Regulation 30 and 33 of SEBI Listing Regulations.
Board Meeting Outcomes
The Board meeting, which commenced at 3:35 p.m. and concluded at 4:05 p.m., addressed several critical business matters for the gaming and sports media company.
| Decision Item | Details |
|---|---|
| Financial Results | Q3FY26 unaudited consolidated and standalone results approved |
| RMPL Investment | In-principle approval for INR 15 Crores primary fund infusion |
| nCore Investment | USD 500,000 investment via Convertible Promissory Note |
| Meeting Duration | 30 minutes (3:35 p.m. to 4:05 p.m.) |
Financial Results Approval
The Board considered and approved the unaudited financial results (both consolidated and standalone) for the quarter and nine months ended December 31, 2025. The statutory auditors have issued Limited Review Reports on these financial results, ensuring compliance with regulatory requirements.
Strategic Investment Initiatives
Two significant investment proposals received in-principle board approval, subject to statutory compliance and necessary approvals.
Rusk Media Investment
The Board approved primary fund infusion not exceeding INR 15 Crores into Rusk Media Private Limited through subscription to Pre Series C Compulsorily Convertible Preference Shares. This investment aligns with the company's strategic expansion plans in the media sector.
nCore Games Investment
Nazara Technologies FZ LLC, the company's wholly-owned subsidiary, received approval for a proposed USD 500,000 investment in nCore Games, Inc., a Delaware corporation. The investment will be structured as a Convertible Promissory Note, providing strategic entry into the US gaming market.
Regulatory Compliance
The company confirmed that detailed information regarding the strategic investments will be provided to stock exchanges upon execution of definitive agreements, as required under SEBI regulations. All approved investments remain subject to compliance with applicable laws and receipt of necessary regulatory approvals.
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