Nazara Technologies has released its Monitoring Agency report for the quarter ending March 31, 2026. The report confirms that the utilization of funds raised through the preferential issue of 50,00,000 equity shares is fully in line with the company’s stated objects. With total gross proceeds of INR 495 crore, the company maintains a clear financial trajectory, reporting no deviations in the deployment of capital for its expansion, growth, and general corporate purposes.
Financial Oversight and Compliance
The latest monitoring report, prepared by ICRA Limited for the quarter ending March 31, 2026, validates that Nazara Technologies has adhered to the planned utilization of proceeds from its preferential share issuance. The company successfully raised INR 495 crore at a price of INR 990 per share. The monitoring agency has reported no deviations from the objectives outlined in the original offer document.
Breakdown of Fund Utilization
The funds were primarily allocated toward two major heads. The Expansion and Growth category, which holds an original allocation of INR 371.25 crore, saw an utilization of INR 64.58 crore as of the end of the quarter. Additionally, General Corporate Purposes and associated preferential issue expenses were allocated INR 123.75 crore, with INR 0.38 crore utilized to date, primarily covering issue-related costs.
Investment of Unutilized Funds
As of March 31, 2026, the remaining unutilized proceeds amount to INR 430.04 crore. To ensure optimal liquidity and yield, the company has deployed these funds into a diversified portfolio, including mutual funds and a fixed deposit with IndusInd Bank. This conservative investment strategy has generated earnings of INR 16.52 crore, with the total market value of the investment corpus standing at INR 446.56 crore at the close of the quarter.
Project Implementation Status
All projects related to the issuance proceeds are currently progressing on schedule. The timeline for the implementation of the objects is set at 36 months from the date of receipt of funds, and the company remains on track to meet these milestones without any reported delays or change in the intended course of action.
Source: BSE
