Nazara Technologies Limited’s Board of Directors has approved a substantial preferential issue of up to 2,39,70,676 equity shares at an issue price of ₹306 per share, aggregating approximately ₹7,335 crore. The board also greenlit an increase in the company’s authorized share capital from ₹80 crore to ₹90 crore. These proposals are subject to shareholder approval and are set to be discussed at an Extraordinary General Meeting on August 30, 2026.
Nazara Technologies Board Approves Major Funding Round
The Board of Directors of Nazara Technologies Limited, in a meeting held on August 06, 2026, has considered and approved key proposals aimed at strengthening the company’s financial position and future growth prospects. These approvals include a significant fundraising initiative and an increase in the authorized share capital.
Preferential Issue of Equity Shares
The company plans to raise funds by issuing up to 2,39,70,676 fully paid-up equity shares. These shares will be offered for cash at an issue price of ₹306 per share, which includes a premium of ₹304 per share. The total funds expected from this preferential issue amount to approximately ₹7,33,50,26,856. The issuance will be conducted in accordance with Chapter V of the SEBI ICDR Regulations, the Companies Act, 2013, and other applicable laws. This move is subject to the approval of the company’s shareholders and any other necessary statutory and regulatory approvals.
Increase in Authorized Share Capital
In conjunction with the fundraising, the Board has also approved an increase in the company’s authorized share capital. The authorized share capital will be raised from ₹80,00,00,000/- to ₹90,00,00,000/-. This represents an increase of ₹10,00,00,000/-, by creating an additional 5,00,00,000 equity shares of ₹2/- each. Consequently, Clause V of the Memorandum of Association of the Company will be amended to reflect this change. This amendment is also subject to shareholder approval.
Shareholder Approval and EGM Announcement
To obtain the requisite shareholder approvals for the preferential issue and the amendment to the Memorandum of Association, Nazara Technologies Limited will convene an Extraordinary General Meeting (EGM). The EGM is scheduled to be held on Sunday, August 30, 2026, through video conferencing and other audio-visual means. Detailed information regarding the issuance of securities and the amendment to the Memorandum of Association are provided in Annexures A and B, respectively.
Key Investors and Shareholding Impact
The preferential issue is proposed to be made to a select group of investors, including Mr. Raymond Albaladejo Stauffer, Mr. Schutze Marc Sylvester, Mr. Maxime Loppin, Mr. Alexandre Paul Jean Noirot Cosson, Mr. Alexander Osou, and Mr. Hugo Rémy Gaston Blavin. Mr. Raymond Albaladejo Stauffer is slated to be appointed as Chief Executive Officer of the Company effective September 01, 2026, subject to regulatory approvals. Post-allotment details indicate that these investors will collectively hold approximately 5.87% of the company’s total equity shares.
Source: BSE
