Nazara Technologies Limited — Board Meeting, 16-07-2025: Outcome of Board Meeting

Nazara Technologies' board has approved a strategic move regarding its subsidiary, Nodwin Gaming. Nodwin plans to raise new capital, and Nazara will not participate, leading to its stake falling below 50%. Nazara will also waive some controlling rights to give Nodwin more operational and financial flexibility for aggressive growth. Nodwin will become an associate company, though Nazara will remain its largest shareholder. This 'de-subsidiarisation' requires shareholder approval at an Extraordinary General Meeting on August 13, 2025.