Nazara Technologies Limited — Others, 17-12-2024: Change in Director(s)

Nazara Technologies Limited has announced a board meeting today, where it approved key appointments and strategic actions. Mr. Arun Gupta has been appointed as an Additional Non-Executive Independent Director for five years, pending shareholder approval, while Mr. Arun Bhandari takes over as Company Secretary and Compliance Officer. The board also approved an amendment to a share purchase agreement for acquiring 47.02% of Moonshine Technology, totaling ₹820.12 crores, and extended the purchase timeline to December 31, 2024. This move, alongside the acquisition strategy, may enhance company governance and open up growth opportunities, positively influencing investor sentiment.