Nazara Technologies Limited — Important, 12-03-2025: Updates

Openplay Technologies, a subsidiary of Nazara Technologies, has entered into a loan agreement with Moonshine Technology, an associate of the company, for a total amount not exceeding ₹20 Crore. This loan is intended for various business purposes, including working capital needs and expansion plans. The loan will be disbursed in one or more tranches and is classified as unsecured. It's also worth noting that the agreement includes a provision allowing the lender to convert the outstanding loan amount into Compulsorily Convertible Preference Shares (CCPS) of Moonshine in case of default. This development indicates a strategic move to support growth initiatives within their operations. Investors should closely watch this relationship as it could influence Nazara's financial stability and growth trajectory.