Nazara Technologies Limited — Important, 18-02-2025: Updates

The Nomination, Remuneration and Compensation Committee of Nazara Technologies has approved the allotment of 61,948 equity shares under the Employee Stock Option Scheme (ESOP 2023). These shares were issued at an exercise price of ₹662 each, amounting to a total of ₹4.1 crore. Post-allotment, the paid-up equity share capital of the company will increase from ₹35.02 crore to ₹35.04 crore. The company has received in-principle approvals from the BSE and NSE for this issuance, with an application for listing and trading expected to follow. This move reflects the company’s commitment to incentivize and align employee interests with shareholder value, suggesting a positive outlook on employee engagement and potential growth.