Nazara Technologies Limited has successfully secured shareholder approval for two important special resolutions during its Extraordinary General Meeting (EGM) held on Friday, May 1, 2026.

The company informed both BSE Limited and the National Stock Exchange of India (NSE) regarding the voting outcome through an official filing dated May 5, 2026.

The resolutions included:

• Approval to increase limits for providing loans, guarantees, securities, or investments under Section 186 of the Companies Act, 2013
• Approval for the issuance of warrants on a preferential basis

Both proposals received overwhelming support from shareholders through the electronic voting process.

EGM Conducted Through Video Conferencing

Nazara Technologies conducted the meeting through:

• Video Conferencing (VC)
• Other Audio Visual Means (OAVM)

This format was adopted in accordance with guidelines and circulars issued by:

• Ministry of Corporate Affairs (MCA)
• Securities and Exchange Board of India (SEBI)

The online meeting format has become common among listed companies, enabling shareholders across locations to participate conveniently.

Scrutinizer Appointed For Voting Process

The company appointed:

CS Sandhya R. Malhotra
Partner at M/s. Manish Ghia & Associates, Company Secretaries, Mumbai

She acted as the scrutinizer for overseeing:

• Remote e-voting
• E-voting conducted during the EGM

According to the scrutinizer’s consolidated report, all resolutions included in the EGM notice dated March 30, 2026 were passed with the required majority.

Shareholder Participation In EGM

The filing disclosed shareholder participation details.

Total Shareholders Eligible To Vote

As on the cut-off date of April 24, 2026, the total number of shareholders stood at:

100,677 shareholders

Attendance Through Video Conferencing

The meeting witnessed participation from:

No shareholders attended physically or through proxies because the EGM was conducted entirely through virtual mode.

Resolution 1 Approved By Shareholders

Increase In Investment And Loan Limits

The first special resolution sought shareholder approval for:

Increasing limits to provide loans, guarantees, securities, or investments under Section 186 of the Companies Act, 2013.

This provision allows companies to make investments or extend financial assistance beyond prescribed thresholds after obtaining shareholder approval.

Voting Outcome

The resolution received very strong support from shareholders.

Total Voting Summary

Percentage Analysis

• 99.3933% votes were in favour
• 0.6067% votes were against

The scrutinizer confirmed that votes in favour were more than three times the votes against, meaning the resolution was passed with the required majority.

Promoter Group Voting Pattern

The promoter and promoter group showed complete support for the proposal.

Key Figures

• Shares held: 131,356,800
• Votes polled: 125,367,276
• Votes in favour: 125,367,276
• Votes against: 0

This translated into:

• 100% support from promoter shareholders participating in the vote.

Institutional Investors Also Backed The Proposal

Public institutional shareholders also voted strongly in favour.

Institutional Voting Highlights

• Votes in favour: 48,676,849
• Votes against: 1,347,973

Support percentage stood at:

• 97.3054% in favour

This reflects broad institutional confidence in the company’s proposal.

Public Non-Institutional Investors Supportive

Retail and non-institutional investors also largely approved the resolution.

Voting Details

• Votes in favour: 47,320,754
• Votes against: 3,187

Approval percentage:

• 99.9933% in favour

The near-unanimous support indicates very strong confidence among public shareholders.

Resolution 2 Also Passed With Strong Majority

Preferential Issue Of Warrants Approved

The second special resolution related to:

Approval for issuance of warrants on a preferential basis.

A preferential issue allows companies to allot securities or warrants to selected investors under regulatory guidelines.

Such fund-raising methods are often used for:

• Expansion plans
• Strategic investments
• Growth initiatives
• Business strengthening

Voting Results For Resolution 2

The second resolution also received overwhelming support.

Overall Voting Numbers

Percentage Outcome

• 99.6903% votes in favour
• 0.3097% votes against

The scrutinizer stated that the resolution was duly passed with the required majority.

Promoter Group Fully Supported Warrants Proposal

The promoter and promoter group again voted entirely in favour.

Voting Breakdown

• Votes in favour: 125,367,276
• Votes against: 0

This represented:

• 100% approval among promoter participants.

Institutional Shareholders Showed Strong Support

Institutional investors largely approved the preferential warrant issue.

Institutional Voting Data

• Votes in favour: 49,335,491
• Votes against: 689,331

Approval rate:

• 98.6220%

This indicates confidence among institutional investors regarding the company’s future plans.

Public Investors Almost Unanimous

Public non-institutional investors showed nearly unanimous support.

Figures

• Votes in favour: 47,323,507
• Votes against: 434

Approval percentage:

• 99.9991%

Such high approval reflects strong positive sentiment among retail shareholders.

No Invalid Votes Recorded

The scrutinizer’s report clarified that:

There were no invalid votes for either resolution.

This indicates a smooth and compliant electronic voting process.

Importance Of Section 186 Approval

The approval under Section 186 of the Companies Act, 2013 is significant because it increases the company’s flexibility regarding:

• Investments
• Loans
• Guarantees
• Securities

Companies often seek such approvals to support:

• Expansion activities
• Acquisitions
• Strategic investments
• Group company funding
• Financial planning

For a growth-oriented company like Nazara Technologies, such approvals can play an important role in long-term business strategy.

Why Preferential Warrants Matter

The approval for preferential issuance of warrants is another important corporate development.

What Are Warrants?

Warrants provide investors with the right to purchase shares at a predetermined price within a specified period.

Companies issue warrants to:

• Raise capital
• Bring strategic investors
• Strengthen finances
• Support future projects

Preferential issues are generally targeted toward select investors instead of the broader public market.

Possible Impact On Nazara Technologies

While the filing does not mention the specific utilisation plans, such fund-raising approvals often help companies in areas like:

• Gaming expansion
• Technology investments
• International growth
• Acquisitions
• Platform development

Nazara Technologies operates in India’s rapidly growing gaming and digital entertainment sector, where capital availability is important for scaling operations.

About Nazara Technologies

Nazara Technologies Limited is one of India’s leading gaming and sports media companies.

The company has presence across segments such as:

• Mobile gaming
• Esports
• Interactive gaming
• Sports content
• Gamified learning

Nazara has built a diversified digital gaming ecosystem and continues to expand its footprint in India and international markets.

The company is listed on:

• BSE under Scrip Code: 543280
• NSE under Symbol: NAZARA

Strong Voting Reflects Investor Confidence

The voting percentages in both resolutions highlight significant shareholder confidence in the company’s management and strategic direction.

Key Observations

• Both resolutions crossed 99% approval
• Promoter support remained unanimous
• Institutional investors strongly backed proposals
• Retail shareholders voted overwhelmingly in favour

Such voting trends are generally viewed positively in the market because they indicate shareholder trust in management decisions.

Growing Importance Of Digital Gaming Sector

Nazara operates in one of India’s fastest-growing industries.

The Indian gaming and digital entertainment market has witnessed rapid expansion due to:

• Rising smartphone penetration
• Affordable internet access
• Growth in esports
• Increasing digital consumption
• Younger user demographics

Companies in this sector continue to explore growth opportunities through investments, acquisitions, and strategic partnerships.

Approvals like these may provide Nazara with additional financial and strategic flexibility in the future.

Corporate Governance And Regulatory Compliance

The filing also demonstrates compliance with:

• SEBI Listing Regulations
• Shareholder disclosure norms
• E-voting requirements
• Corporate governance standards

Transparent disclosure of voting results helps ensure accountability and informed participation among shareholders.

The company also confirmed that the scrutinizer’s report and consolidated voting results are available on its official website.

Market Participants May Watch Future Developments

Following these approvals, investors may now closely track:

• Details regarding the warrant issuance
• Potential investors participating in the preferential issue
• Future investment announcements
• Expansion strategies
• Acquisition opportunities

Such developments could influence investor sentiment and future business direction.

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