Nazara Technologies Limited has announced an extension in the acquisition timeline for Series A Compulsorily Convertible Preference Shares of Rusk Media Private Limited. The gaming and sports media company informed stock exchanges on January 14, 2026, about the revised timeline under regulatory compliance requirements.

Acquisition Details

The transaction involves acquiring Series A CCPS from Nodwin Gaming Private Limited, an associate company of Nazara Technologies. The key parameters of the acquisition are structured as follows:

Timeline Extension

The company disclosed that the acquisition timeline has been extended to February 10, 2026, as per the terms of the Share Purchase Agreement. This represents an extension from the original timeline established in the SPA executed on November 12, 2025, along with its amendments.

The extension was communicated to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the Securities and Exchange Board of India Listing Regulations. The disclosure follows the company's previous communication dated November 12, 2025, regarding the initial acquisition announcement.

Regulatory Compliance

Nazara Technologies has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of the Listing Regulations. The company's communication to stock exchanges was signed by Arun Bhandari, Company Secretary and Compliance Officer, ensuring proper regulatory adherence.

The acquisition forms part of Nazara Technologies' strategic expansion in the gaming and media sector through its associate company Nodwin Gaming. The transaction will provide Nazara with a minority stake in Rusk Media Private Limited, contributing to its portfolio of gaming and entertainment investments.

Nazara Technologies Limited has strengthened its control over subsidiary Next Wave Multimedia Private Limited by acquiring additional equity shares worth ₹2.50 crores. The transaction, completed on December 30, 2025, represents a strategic move to consolidate the company's ownership in its subsidiary operations.

Acquisition Details

The gaming and sports media company acquired 1,396 equity shares of Next Wave Multimedia at ₹100 per share, representing a 4.19% stake in the subsidiary. The total consideration paid for this acquisition amounted to ₹2,50,02,985.

Ownership Structure Enhancement

Following this acquisition, Nazara Technologies' equity holding in Next Wave Multimedia has increased significantly. The company's ownership stake has risen from 83.25% to 87.44%, further consolidating its control over the subsidiary's operations and strategic direction.

Transaction Framework

The acquisition was executed pursuant to the Share Purchase Agreement dated May 24, 2024, including its addendum. The sellers in this transaction were the founding shareholders of Next Wave Multimedia, comprising:

• Mr. P.R Rajendran
• Ms. R Kalpana
• Ms. P.R Jayashree

These founding shareholders collectively sold their stake to Nazara Technologies as part of the structured acquisition process outlined in the original agreement.

Regulatory Compliance

Nazara Technologies disclosed this acquisition to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI Listing Regulations. The company had previously made a disclosure on November 13, 2025, regarding developments related to this subsidiary acquisition process. This transparency ensures shareholders and market participants remain informed about significant corporate developments that may impact the company's business operations and financial performance.