Nazara Technologies Limited has scheduled a board meeting for March 30, 2026, to consider a fund raising proposal involving equity shares, convertible instruments, or other eligible securities on a preferential basis. The proposal requires compliance with Companies Act, 2013 and SEBI regulations, along with regulatory approvals and shareholder consent. The company has closed its trading window for designated persons until 48 hours after the board meeting outcome announcement.

Nazara Technologies Board Meeting Scheduled for March 30, 2026 to Consider Fund Raising Proposal

Nazara technologies has informed stock exchanges about an upcoming board meeting scheduled for March 30, 2026, to consider a significant fund raising proposal. The gaming and sports media company communicated this development to both BSE Limited and National Stock Exchange of India Limited on March 24, 2026.

Board Meeting Agenda

The primary focus of the board meeting will be to evaluate and approve a comprehensive fund raising strategy. The proposal encompasses multiple financing options designed to strengthen the company's capital structure.

Meeting Details: Information Date: March 30, 2026 Purpose: Fund raising proposal consideration Regulatory Framework: Companies Act, 2013 and SEBI regulations Approval Required: Board and shareholder consent

Fund Raising Structure

The board will deliberate on raising funds through various financial instruments on a preferential basis. The proposal includes multiple securities options to provide flexibility in the capital raising process.

The fund raising mechanism will involve:

Issuance of equity shares to selected investors

Convertible instruments offering future equity participation

Other eligible securities as permitted under regulations

Preferential allotment to one or more identified persons

Regulatory Compliance Framework

The fund raising proposal must adhere to comprehensive regulatory requirements before implementation. The company has outlined strict compliance protocols to ensure all statutory obligations are met.

Regulatory Aspect: Requirement Primary Legislation: Companies Act, 2013 with rules SEBI Regulations: Issue of Capital and Disclosure Requirements Regulations, 2018 Approvals Needed: Regulatory and statutory clearances Shareholder Consent: Required for final implementation

Trading Window Restrictions

In compliance with insider trading regulations, Nazara Technologies has implemented trading restrictions for designated persons. The trading window closure ensures adherence to fair disclosure practices and prevents potential insider trading violations.

The restrictions apply to designated persons, their immediate relatives, and connected persons. The trading window will remain closed until 48 hours after the board meeting outcome announcement, as mandated by SEBI's Prohibition of Insider Trading Regulations, 2015.

Next Steps and Shareholder Approval

Following the board meeting, the company will need to secure shareholder approval for the fund raising proposal. The board will also approve ancillary actions, including the preparation of notices to shareholders seeking their consent for the proposed capital raising initiative.

Nazara Technologies Limited has released a comprehensive investor presentation detailing its strategic acquisition of two Spanish gaming companies and scheduled an investor/analyst meeting to discuss the USD 100.30 million transaction, marking a significant expansion in AI-driven casual gaming.

Investor Meeting and Conference Call Details

The company has scheduled a virtual investor/analyst meeting for March 19, 2026, at 12:00 PM IST to provide updates on the acquisition of Bluetile Games S.L. and BestPlay Systems S.L. The conference call, organized by ICICI Securities, will feature key representatives including CEO Nitish Mittersain, Head of Corporate Development Anupriya Sinha Das, and Bluetile CEO and Founder Raymond Stauffer.

Meeting Details: Information Date: March 19, 2026 Time: 12:00 PM IST Mode: Virtual Conference Call Topic: Acquisition Update Organizer: ICICI Securities

Regulatory Filing and Board Approvals

The company filed an investor presentation with stock exchanges on March 18, 2026, pursuant to Regulation 30 of SEBI Listing Regulations. The Board of Directors granted in-principle approval for Nazara Technologies UK Limited, a wholly-owned subsidiary, to acquire controlling stakes in both Spanish gaming companies.

Parameter: Bluetile Games BestPlay Systems Stake Acquisition: 50.00% controlling stake 50.00% controlling stake Consideration: USD 88.40 million USD 11.90 million Total Transaction Value: USD 100.30 million

Integrated Gaming Platform Strategy

The investor presentation reveals Nazara's strategy to create an integrated content and distribution platform at scale. Bluetile operates a diversified portfolio of casual, social mobile games across puzzles, sorting and tile-based formats, including titles such as Yatzy, Domino Legends, Mahjong Voyage, and Spade Stars. BestPlay functions as a rewarded engagement platform that drives user acquisition, retention and cross-promotion across mobile games.

Platform Metrics: Bluetile BestPlay Active Games: 17 live games Proprietary rewards network Downloads: 375 million total downloads 1.20 million monthly installs Monthly Active Users: 22.00 million 2.20 million Monthly Installs: 9.00 million Cross-promotion engine

AI-Native Development and Financial Performance

The presentation highlights Bluetile's AI-embedded development approach across the full technology stack, with 90-95% of data architecture and 80% of backend code being AI-developed. The platform demonstrated proven velocity by shipping 5 games in 6 months, validating a reusable AI-powered game template targeting 50% faster development.

Financial Performance: CY23 CY24 CY25 Combined Revenue: USD 50.10 million USD 82.10 million USD 153.60 million CY25 EBITDA: USD 27.70 million

The acquisition employs a performance-linked structure with USD 59.70 million payable at first close and remaining USD 40.60 million within 6 months. Performance-linked earn-outs estimated at USD 98.20 million are contingent on achieving agreed revenue and EBITDA targets for CY2027-2029, payable annually from 2028 to 2030.

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