Further to its letter dated August 30, 2023 and in accordance with Regulation 30 and other applicable regulations of the SEBI Listing Regulations, Nazara Technologies has informed that the Board of Directors of the Company, at its meeting held today on Monday, September 04, 2023, considered and approved the following businesses: Issuance of upto 14,00,560 Equity shares of face value of Rs 4 each of the Company, for cash, at an issue price of Rs 714 per Equity Share aggregating to an amount of Rs 99,99,99,840 to Kamath Associates (Partnership firm represented by its partners Nikhil Kamath and Nithin Kamath) and NKSquared (Partnership firm represented by its partners Nikhil Kamath and Nithin Kamath) (Collectively known as ‘Investors’), not belonging to the promoter or promoter group of the Company, on a preferential basis (‘Preferential Issue’) in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (‘SEBI ICDR Regulations’), as amended, the Companies Act, 2013 and other applicable laws, each as amended. and this is subject to the approval of the shareholders of the Company and such regulatory/ statutory authorities as may be applicable. The details in this regards pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and SEBI Circular No. SEBI/HO/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure-A to this letter and Convening of 24th Annual General Meeting (AGM) of the shareholders of the Company on Friday, September 29, 2023 through Video-Conferencing or other audio-visual means, for seeking the approval of the shareholders pertaining to items specified in the AGM Notice including the proposed Preferential Issue. The notice of the said AGM shall be submitted to the Stock Exchanges in due course in compliance with the provisions of the Listing Regulations. The meeting of the Board of the Company commenced at 8.30 am. and concluded at 8:50 am.
The above information is a part of company’s filings submitted to BSE.
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