Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half-Year ended September 30, 2026 (Q2 & H1 FY27)

Nature of Filing / Announcement: Regulatory Filing under SEBI LODR Regulations 30 & 33

Audit Opinion:

Limited Review Report - Clean opinion. No material misstatement noted. The review report for consolidated results includes a qualification regarding reliance on other auditors and management-certified financial information for certain subsidiaries and an associate.

Auditor’s Comment:

The consolidated review relies on the report of another auditor for one associate (Moong Labs Technologies Private Limited) and on management-certified unaudited financial information for 9 subsidiaries and 1 associate, which are not considered material to the Group.

Key Financial Highlights [Amounts in ₹ lakh]:

Consolidated Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹80,315
  • Total Income: ₹81,686
  • Net Profit: ₹3,536
  • EPS (Basic & Diluted): ₹0.95

Half-Year ended September 30, 2026:

  • Revenue from Operations: ₹123,192
  • Total Income: ₹125,441
  • Net Loss: ₹(4,711)
  • EPS (Basic & Diluted): ₹(1.16)

Comparative Performance (YoY for Q2):

  • Revenue from Operations increased significantly from ₹52,646 in Q2 FY26 to ₹80,315 in Q2 FY27.
  • Net Profit turned positive from a Net Loss of ₹(3,393) in Q2 FY26.

Consolidated Balance Sheet as at 30 September 2026:

  • Total Assets: ₹729,514
  • Cash and Cash Equivalents: ₹39,879
  • Total Equity: ₹390,563
  • Other Equity: ₹375,462
  • Total Debt (Borrowings): ₹8,647 (Non-current: ₹4,880; Current: ₹3,767)
  • Total Liabilities: ₹338,951

Standalone Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹1,873
  • Total Income: ₹3,883
  • Net Profit: ₹37
  • EPS (Basic & Diluted): ₹0.01

Half-Year ended September 30, 2026:

  • Revenue from Operations: ₹3,612
  • Total Income: ₹7,728
  • Net Loss: ₹(6,278)
  • EPS (Basic & Diluted): ₹(1.67)

Standalone Balance Sheet as at 30 September 2026:

  • Total Assets: ₹263,951
  • Cash and Cash Equivalents: ₹990
  • Total Equity: ₹257,769
  • Other Equity: ₹250,075
  • Investments: ₹169,147
  • Loans: ₹73,053

Segment-wise Performance:

Quarter ended September 30, 2026:

  • Gaming Segment Revenue: ₹65,638; Segment Result: ₹5,883
  • eSports Segment Revenue: ₹2,279; Segment Result: ₹(259)
  • Ad Tech Segment Revenue: ₹12,398; Segment Result: ₹(482)

Half-Year ended September 30, 2026:

  • Gaming Segment Revenue: ₹93,136; Segment Result: ₹6,659
  • eSports Segment Revenue: ₹5,058; Segment Result: ₹(305)
  • Ad Tech Segment Revenue: ₹25,006; Segment Result: ₹(661)

Corporate Actions:

  • Preferential Issue: The Board on October 12, 2026, approved the allotment of 2,38,81,711 equity shares (face value ₹2) at an issue price of ₹306 per share, raising approximately ₹73,078 lakhs.
  • Warrant Conversion: Allotment of 1,33,31,000 equity shares on July 30, 2026, and 9,00,000 equity shares on August 3, 2026, upon conversion of warrants at ₹260 per share.
  • Increase in Authorized Capital: The authorized share capital was increased from ₹8,000 lakhs to ₹9,000 lakhs on August 6, 2026.
  • Loan to Equity Conversion: Approved conversion of inter-corporate loans into equity of subsidiaries Smaaash Entertainment Private Limited (₹12,935 lakhs) and Nazara Technologies UK Limited (GBP 23 million, approx ₹29,109 lakhs).

Other Significant Information:

  • Acquisition: Nazara Technologies UK Limited acquired 100% of Bluetile Games S.L. and Bestplay Systems S.L. for USD 303 million (net) effective August 1, 2026. USD 85.65 million was paid upfront; the balance is payable in tranches by April 2027. This is accounted as a business combination; the accounting is provisional.
  • Investment in Subsidiary: Increased stake in Funky Monkeys Play Centers Private Limited from 60% to 68.10% through primary (₹800 lakhs) and secondary (₹185 lakhs) acquisitions.
  • Capital Infusion: Infused USD 33.85 million (approx ₹32,357 lakhs) as equity and USD 51.09 million (approx ₹48,858 lakhs) as a loan into Nazara Technologies UK Limited on August 3, 2026.
  • Exceptional Items: The consolidated results include an exceptional item of ₹(91,470) lakhs for FY26, relating to the impairment of investments in Halaplay and Moonshine due to the enactment of the Promotion and Regulation of Online Gaming Act, 2025.
  • Entities in Consolidation: The consolidated results include the Holding Company, 36 subsidiaries, 2 associates, and 42 step-down subsidiaries/associates as detailed in Annexure A.