Date: July 7, 2026
Corporate Restructuring Update
Withdrawal of Amalgamation Scheme
- Nazara Technologies Limited has formally withdrawn the Scheme of Amalgamation of Paper Boat Apps Private Limited (wholly owned subsidiary) with the company
- The Board of Directors initially approved the withdrawal proposal on May 12, 2026
- Withdrawal reason: Changes in restructuring plans of the Company
NCLT Proceedings
- The Hon'ble National Company Law Tribunal, Mumbai Bench (Court II) allowed the withdrawal application
- Application number: Company Application/162/2026 in C.A.(CAA)/37(MB)2025
- Hearing date: June 18, 2026 (Hybrid hearing)
- NCLT Bench: Shri Sanjiv Dutt (Member Technical) and Shri Ashish Kalia (Member Judicial)
- Legal representation: Adv. Farhan Batatawala i/b Adv. Ahmed Chunawala & CO for petitioner
- Tribunal order: CA No. 162/2026 allowed and disposed of; CA 37/2025 dismissed as withdrawn
Regulatory Compliance
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Original scheme was under Sections 230-232 of Companies Act, 2013
- NCLT order was made available on tribunal website on July 7, 2026
Company Representation
- Signed by Arun Shiva Bhandari, Company Secretary and Compliance Officer
- Digital signature timestamp: July 7, 2026 at 21:19:21 +05:30