Nazara Technologies EGM Approves ₹500 Crore Preferential Issue

Nazara Technologies Limited is convening an EGM on May 01, 2026 to seek shareholder approval for two special resolutions.
The first resolution seeks to increase the company's limit for loans, guarantees, and investments under Section 186 of the Companies Act, 2013 from ₹3,500 crore to ₹5,000 crore.
The second resolution seeks approval for a preferential issue of up to 1,92,31,000 warrants to raise ₹500 crore from five identified investors, including Riambel Capital and S Gupta Family Investments.
The warrants are convertible into equity shares at ₹260 each and the proceeds are intended for strategic acquisitions and general corporate purposes.