Nazara Technologies Limited has announced that its Board of Directors will convene on Monday, March 30, 2026. The primary agenda item is to evaluate and potentially approve a proposal for raising capital through the preferential issuance of equity shares or convertible instruments. This move requires shareholder approval and is subject to necessary regulatory clearances. Concurrently, the company has confirmed the closure of the insider trading window until 48 hours post-meeting announcement.
Intimation of Board Meeting for Capital Raise
Pursuant to regulatory requirements, Nazara Technologies Limited (the “Company”) formally informed the stock exchanges regarding a scheduled meeting of its Board of Directors on Monday, March 30, 2026. The key purpose of this convening is to address important financing matters for the organization.
Agenda: Preferential Fund Raising
The Board is set to consider and, if deemed appropriate, approve a proposal for raising funds. This capital infusion is planned to be executed through the preferential allotment of equity shares, convertible instruments, or other eligible securities to one or more specified persons. This action is contingent upon adherence to the Companies Act, 2013, and the Issue of Capital and Disclosure Requirements Regulations, 2018, along with obtaining requisite regulatory and shareholder approvals.
Additionally, the Board will approve the necessary ancillary actions, which include issuing the notice to shareholders required to secure their consent for the proposed fund-raising plan.
Trading Window Closure
In compliance with the Insider Trading Regulations, the Company has implemented a trading window closure. This restriction applies to Designated Persons, their immediate relatives, and connected persons dealing in the securities of Nazara Technologies. The window will remain shut until the expiry of 48 hours following the official announcement of the Board Meeting’s outcome.
This official notice is also being made available on the Company’s official website, www.nazara.com, for public record.
Source: BSE
