Nazara Technologies Limited — Important, 13-03-2025: Updates

The acquisition timeline for AFK Gaming Private Limited by Nodwin Gaming Private Limited, a material subsidiary of Nazara Technologies, has been extended to April 27, 2025. Nodwin is set to acquire 92.30% of AFK's equity share capital for INR 7.58 Crores under the Share Purchase Agreement dated December 18, 2024. This extension could impact Nodwin’s operational integration plans with AFK, allowing more time for strategic alignment and transition. Investors should monitor this development closely as it may lead to enhanced growth opportunities within the gaming sector for Nazara and its subsidiaries.