Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 and 33 of SEBI LODR
Audit Opinion:
Limited Review Report - No qualifications or modifications noted. Statutory auditors MS KC & Associates LLP issued clean limited review reports on both consolidated and standalone financial results.
Key Financial Highlights [₹ lakhs]:
Consolidated Results:
Revenue from Operations: ₹42,877 lakhs (compared to ₹51,752 lakhs in Q1 FY26 - YoY decrease)
Total Income: ₹43,755 lakhs
Net Profit: ₹(8,247) lakhs loss (compared to ₹5,570 lakhs profit in Q1 FY26)
EPS: ₹(2.16) basic and diluted (compared to ₹1.27 in Q1 FY26)
Other Equity: Not specified for current quarter
Cash and Cash Equivalents: Not specified
Debt: Not specified
Standalone Results:
Revenue from Operations: ₹1,739 lakhs (compared to ₹2,032 lakhs in Q1 FY26 - YoY decrease)
Total Income: ₹3,845 lakhs
Net Profit: ₹(6,315) lakhs loss (compared to ₹2,761 lakhs profit in Q1 FY26)
EPS: ₹(1.70) basic and diluted (compared to ₹0.78 in Q1 FY26)
Other Equity: Not specified for current quarter
Cash and Cash Equivalents: Not specified
Debt: Not specified
Segment-wise Performance [₹ lakhs]:
The company operates in three segments: Gaming, eSports, and Ad tech
Segment Revenue:
- Gaming: ₹776 lakhs profit
- eSports: ₹(46) lakhs loss
- Ad tech: ₹(179) lakhs loss
Total Segment Results: ₹551 lakhs profit
Unallocated expense: ₹(3,198) lakhs
Other income: ₹865 lakhs
Share of net loss of associates: ₹(6,241) lakhs
Segment Assets:
- Gaming: ₹131,874 lakhs
- eSports: ₹133,105 lakhs
- Ad tech: ₹45,938 lakhs
Total segment assets: ₹310,917 lakhs
Corporate Actions:
Dividend: Not declared
Share split/buyback: Not specified
Capital raising: The company completed allotment of 9,00,000 equity shares to Founders Collective Fund upon conversion of warrants at ₹260 per warrant (including premium of ₹258), increasing paid-up capital from ₹76,75,92,048 to ₹76,93,92,048 divided into 38,46,96,024 equity shares of ₹2 each
Other Significant Information:
Acquisitions and Investments:
1. Bluetile Games and Bestplay Systems Acquisition: Board granted in-principle approval for Nazara UK to acquire 100% of both companies on revised terms:
- Bluetile: Fixed cash consideration of USD 222.64 million (₹2,137 crores)
- Bestplay: Fixed cash consideration of USD 80.38 million (₹772 crores)
- No earn-out component (previously estimated USD 98.2 million earn-out)
- No stock consideration, releasing Nazara Technologies from SPA obligations
- Closing targeted within 60 days
2. Funky Monkeys Investment: Approval to invest up to ₹9.9 crores in subsidiary Funky Monkeys Play Centers through:
- Primary subscription: ₹8 crores for 1,87,586 fresh equity shares
- Secondary acquisition: ₹1.9 crores for 75,972 shares from founder Binita Putcha
- Post-investment holding expected to increase to 68.1%
- Funky Monkeys operates 21 indoor play centers across India with FY26 turnover of ₹22.57 crores
3. Smaaash Loan: Approval of unsecured loan up to ₹24 crores to wholly-owned subsidiary Smaaash Entertainment
4. nCore Games Investment: Nazara FZ LLC executed convertible promissory note for USD 500,000 (₹476 lakhs) investment in nCore Games, Inc.
5. Rusk Media Investment: Allotment of 1,278 Pre Series C CCPS in Rusk Media for ₹1,500 lakhs, increasing holding to 7.62% on fully diluted basis
Management Changes:
1. CEO Transition: Mr. Nitish Mittersain resigned as CEO effective September 1, 2026, but continues as Managing Director. Mr. Raymond Albaladejo Stauffer appointed as new CEO effective September 1, 2026, subject to regulatory approvals.
2. Board Appointments: Mr. Con Anthony Conlon appointed as Additional Independent Director for 5-year term commencing August 3, 2026, subject to shareholder approval.
3. Director Resignation: Mr. Arun Vijaykumar Gupta resigned as Independent Director effective August 4, 2026, due to increased professional commitments.
Exceptional Items:
The company recognized impairment losses of ₹914.7 crores (₹91,470 lakhs in FY26 and further ₹2,181 lakhs in Q1 FY27) on investments in Moonshine Technologies and Halaplay Technologies due to the Promotion and Regulation of Online Gaming Act, 2025, which prohibited online money games effective October 1, 2025.