Nazara Technologies Limited (NAZARA) — Announcement | 3 August 2026(2 announcements)

Nazara Technologies announced on August 3, 2026, the approval of unaudited Q1 FY2026 financial results, revised acquisition terms for Bluetile and Bestplay, investment in Funky Monkeys, leadership changes including Nitish Mittersain stepping down as CEO but remaining Managing Director, and appointment of Raymond Albaladejo Stauffer as new CEO effective September 1, 2026. The filing also disclosed regulatory impacts on gaming revenue and director resignations.

Nazara Technologies announced on August 3, 2026, that its board approved unaudited Q1 FY2026 results, revised acquisitions of Bluetile and Bestplay with fixed cash consideration, increased stake in FunkyMonkeys to 68.1% via INR 9.9 crores investment, granted a INR 24 crores loan to Smaaash, appointed Con Anthony Conlon as Independent Director and Raymond Albaladejo Stauffer as CEO effective September 1, 2026, while Nitish Mittersain resigned as CEO but remains Managing Director, and Arun Gupta resigned as Independent Director. The filing also disclosed auditor Ojas D. Joshi’s review of Q1 results and unaudited financials showing Gaming revenue of ₹27,498 lakh, eSports ₹2,779 lakh, Ad Tech ₹12,608 lakh, total income ₹42,877 lakh, and net loss of ₹2,175 lakh.