Nazara Technologies Limited — Others, 16-08-2025: Shareholders meeting

Nazara Technologies seeks shareholder approval via postal ballot for several strategic initiatives. The company plans to increase authorized share capital to 80 Cr, from 50 Cr, facilitating future growth and a share split. Each Rs. 4 face value share will split into two Rs. 2 shares, aiming to boost liquidity and retail investor participation. Following the split, a 1:1 bonus share issue is proposed, rewarding shareholders. Mr. Rohit Sharma is proposed as an Executive Director with a 0.99 Cr annual salary and 0.21 Cr perquisites. Remuneration for Chairman & MD Mr. Vikash Mittersain (0.94 Cr salary, 0.65 Cr perquisites) and Joint MD & CEO Mr. Nitish Mittersain (3.37 Cr salary, 0.65 Cr perquisites) is also up for approval. The company cites improved consolidated profitability despite past standalone profit challenges.