Nazara Technologies Limited has announced several key decisions following its board meeting held on 12 May 2026. The company approved its audited financial results for the quarter and financial year ending 31 March 2026. The results, presented in both consolidated and standalone formats, were accompanied by an unmodified opinion from the Joint Managing Director & Chief Executive Officer, ensuring transparency and accuracy.
In a significant move, Nazara Technologies has appointed Mr. Mithun Padam Sacheti as an Additional Director in the category of Non-Executive Non-Independent Director. His appointment is subject to the approval of the company’s members and is effective from 12 May 2026. Mr. Sacheti is expected to contribute to the company’s strategic direction and governance.
Additionally, Mr. Muraarie Rajan has been appointed as an Additional Director in the category of Independent Director for a term of five years, commencing from the same date. His appointment also awaits the members’ approval. These appointments are based on the recommendations of the Nomination, Remuneration and Compensation Committee.
The board also approved the re-designation of Mr. Vikash Mittersain from Chairman & Managing Director to ‘Founding Chairman’ as a Non-Executive Non-Independent Director, effective 1 June 2026. This change reflects the company’s evolution as a global gaming platform and ensures continued founder stewardship.
Furthermore, Mr. Nitish Mittersain will take on the role of Managing Director and Chief Executive Officer from 1 June 2026, following the re-designation of Mr. Vikash Mittersain.
The company has appointed M/s. MAKK & CO., Chartered Accountants, as its Internal Auditors for the financial year 2026-27.
In a strategic restructuring decision, Nazara Technologies has withdrawn the Scheme of Amalgamation of its wholly-owned subsidiary, Paper Boat Apps Private Limited, with the company. This decision follows a change in the company’s restructuring plans, and an application for withdrawal will be filed with the National Company Law Tribunal, Mumbai Bench.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).