Nazara Technologies has announced its FY26 audited financial results, revealing a consolidated revenue of ₹1,82,898 lakh. Alongside its financial performance, the company announced major leadership transitions, including the appointment of new directors and a re-designation for long-time leader Vikash Mittersain to Founding Chairman. Additionally, the company confirmed plans to withdraw its amalgamation scheme for Paper Boat Apps to align with updated restructuring objectives.
Financial Performance Overview
For the financial year ended March 31, 2026, Nazara Technologies reported consolidated annual revenue of ₹1,82,898 lakh. The consolidated profit for the year from continuing operations stood at ₹6,702 lakh. The gaming segment remained a primary revenue driver, contributing ₹1,07,224 lakh to the annual turnover, followed by the ad-tech segment at ₹45,448 lakh and eSports at ₹30,736 lakh.
Strategic Leadership Transitions
The company announced significant changes to its board and senior management team effective from June 01, 2026. Mr. Vikash Mittersain will transition from his role as Chairman & Managing Director to become Founding Chairman, moving into a non-executive, non-independent capacity. Consequently, Mr. Nitish Mittersain will assume the title of Managing Director and Chief Executive Officer.
To further strengthen its governance and strategic oversight, the company has appointed Mr. Mithun Padam Sacheti as a Non-Executive Non-Independent Director and Mr. Muraarie Rajan as an Independent Director for a five-year term, both effective May 12, 2026.
Operational Updates
Nazara Technologies has decided to withdraw the previously filed Scheme of Amalgamation for its wholly-owned subsidiary, Paper Boat Apps Private Limited. This move is part of an updated internal restructuring plan to optimize business operations. The board will re-evaluate its consolidation strategy in due course. Furthermore, the company has appointed M/s. MAKK & CO. as its Internal Auditors for the 2026-27 financial year.
Focus on Impairment and Liabilities
The company noted an impairment loss of ₹91,470 lakh on an investment in an associate company, driven by the enactment of new online gaming regulations. Additionally, the company is managing ongoing tax-related uncertainties involving show-cause notices received by several subsidiaries, emphasizing that its board remains confident in its legal position and maintains that no present or future liability is anticipated.
Source: BSE
