Interim report
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October 26, 2026 To, Listing Compliance Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001. Scrip Code: 543280 Listing Compliance Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1. G Block, Bandra -Kurla Complex, Bandra (East), Mumbai- 400051. Scrip Symbol: NAZARA Dear Sir/Madam, Subject: Outcome of Board Meeting Reference - Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”) Pursuant to Regulation 30 and 33 of the Listing Regulations, we wish to inform you that the Board of Directors of Nazara Technologies Limited (“the Company”) at its meeting held today i.e. October 26, 2026, has, inter alia, considered and approved the following: 1. The Unaudited Consolidated and Standalone Financial Results of th e Company for the quarter and half-year ended September 30, 2026 (“Financial Results”) along with the Limited Review Reports issued thereon by the Statutory Auditors of the Company. A copy of the Financial Results and Limited Review Reports thereon is enclosed herewith as “Annexure–A”. 2. The revised Policy for ‘Determination of Materiality of Events and Information’ of the Company, in compliance with the applicable provisions of the Listing Regulations. The revised policy shall be made available on the Company's website and can be accessed at https://investors.nazara.com/corporate-governance. Further, pursuant to Regulation 30(5) of the SEBI Listing Regulations, the Board has approved the updated list of Key Managerial Personnel (“KMPs”) authorised to determine the materiality of events or information and to make requisite disclosures to the stock exchanges on behalf of the Company, with effect from October 26, 2026. The contact details of these KMPs authorised under Regulation 30 (5) of the Listing Regulations are given in “Annexure B”. The meeting of the Board of Directors commenced at 04:50 p.m. and concluded at 06:18 p.m. This is for your information and records. Yours faithfully, For Nazara Technologies Limited Arun Bhandari Company Secretary and Compliance Officer Encl. As above ,... N"azara Nazara Technologies Limited CIN: L72900MH1999PLC122970 0 11th Floor, Avighna House, Dr. A.B. Road, Worli, Mumbai - 400018. ~ 91-22-40330800 I 22810303 / 22813030 • info@nazara.com e, www.nazara.com
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MSKC & Associates LLP Chartered Accountants 602, Floor 6, Raheja Titanium Western Express Highway, Geetanjali Railway Colony Ram Nagar, Goregaon (E) Mumbai 400063, INDIA Independent Auditor 's Review Report on unaudited consolidated financial results of Nazara Technologies Limited for the quarter and year to date pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015, as amended To the Board of Directors of Nazara Technologies Limited 1. We have reviewed the accompanying Statement of consolidated unaudited financia l results of Nazara Technologies Limited (hereinafter referred to as 'the Holding Company') its subsidiaries, (the Holding Company and its subsidiaries together referred to as the 'Group' ) and its share of the net (loss) after tax and total comprehensive loss of its associates for the quarter ended 30 September 2026 and the year to -date results for the period from 1 April 2026 to 30 September 2026 ('the Statement' ) attached herewith , being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligat ions and Disclosure Requirements) Regulations, 2015, as amended (' the Regulations'). 2. This Statement, which is the responsibility of the Holding Company's Management and has been approved by the Holding Company's Board of Directors, has been prepared in accordance wit h the recognition and measurement principles laid down in Indian Accounting Standard 34 'Inte rim Financial Reporting' prescribed under Section 133 of the Companies Act, 2013 ('the Act' ) read with relevant rules issued thereunder (' Ind AS 34') and other recognised accounting principles generally accepted in India and is in compliance with the Regulati ons. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity ' issued by the Institute of Chartered Accountants of India. A review of inter im financial information consists of making inquiries, primarily of persons responsible for fina ncial and accounting matters , and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditi ng specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all signif icant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. r,,..,..;,. .., ___ __, ,-..££: __ _ ,. ,... ,h ,-1 _ Annexure A
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MSKC 8: Associates LLP Chartered Accountants We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33 (8) of the Regulations, to the extent applicable . 4. This Statement includes the results of the Holding Company, its subsidiaries and associates as per the details mentioned in Annexure A to this report . 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of the other auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We did not review the interim financial informatio n of 1 associate included in the Statement , in respect of which the Group's share of net loss after tax of Rs. Nil and Rs. 5,648 lakhs and total comprehensive loss of Rs. Nil and Rs. 5,669 lakhs, for quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026, respectively , as considered in the Statement (Refer note 9 to the unaudited consolidated financial results). The interim financial info rmation of the said associate has been reviewed by other auditor whose reports have been furnished to us by the Management and our conclusion on the Statement , in so far as it relates to the amounts and disclosures inclu ded in respect of this associate, is based solely on the report of the other auditor and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of the above matter with respect to our reliance on t he work done by and report of the other auditor . 7. The Statement includes the interim financial information of 9 subsidiaries which have not been reviewed by their auditors , whose interim financial information reflects total assets of Rs. 45,650 lakhs as at 30 September 2026 and total revenues of Rs. 824 lakhs and Rs. 2,315 lakhs, total net (loss) / profit after tax and total comprehensive (loss) / income of Rs. (48) lakhs and Rs. 340 lakhs, for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026, respectively , and net) of Rs. 901 lakhs for the period from 1 April 2026 to 30 September 2026, as considered in ~~~ he Statement also includes the Group's share of net profit/ (loss) after tax and total Registered Office: 10th Floor. Level 13th . Module 4. 71/77 nlvmni~ f\lh<>rcn,or<> Al,.n.-loor o~,,l '"·'·' ·----·---· r •• ,.~ •• rL -
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MSKC & Associates LLP Chartered Accountants comprehensive income / loss of Rs. Nil and Rs. Nil for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026, respectively , as considered in the Statement , in respect of 1 associate, based on their interim financial informati on which have not been reviewed by their auditors are not subject to review. This interim financial information has been furnished to us by the Management and our conclusion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on such management prepared unaudited interim financial infor mation. According to the info rmation and explanations given to us by the Management, this interim fina ncial information is not material to the Group. Our conclusion is not modified in respect of the above matter with respect to our reliance on the financial result certified by the management. For MS K C & Associates LLP Chartered Accountants ICAI Firm Registration Number: 001595S/ S000168 ~ Ojas D. Joshi Partner Membership No.: 109752 UDIN: 2G10975£.RPBGrKH50G;1 Place: Mumbai Date: 26 October 2026 Registered Office: 10th Floor. Level 13th . Moc111IP 4 71 /77 ()l\lmni• <\lnorcnoro • 1~~ ...... 0---' ·-·'-' ··----- --· r •• ,_ J_ r•
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MSKC & Associates LLP Chartered Accountants Annexure A Sr. Name of the Entit y Relationship with Holding Company No. 1 Nazara Technologies Limited Holding Company 2 Absolute Sports Private Limited Wholly Owned Subsidiary 3 Pro Football Network Inc Step-down Subsidiary 4 SportsKeeda Inc Step-down Subsidiary 5 Paperboat Apps Private Limited Wholly Owned Subsidiary 6 Kiddopia USA Inc. Step-down Subsidiary 7 Funky Monkeys Play Centers Private Limited Subsidiary 8 Smaaash Entertainment Private Limited Wholly Owned Subsidiary (w.e.f . 6 June 2025) 9 Nazara Pte Ltd Wholly Owned Subsidiary 10 Nazara Technologies (Mauritius) Step-down Subsidiary 11 Nazara Technologies FZ LLC Wholly Owned Subsidiary 12 Wildworks Holdco Inc Step-down Subsidiary 13 Wildworks Inc Step-down Subsidiary 14 Nazara Technologies UK Limited Wholly Owned Subsidiary 15 Fusebox Games Limited Step-down Subsidiary 16 Curve Digital Entertainment Ltd Step-down subsidiary (w.e.f . 1 April 2025) 17 Kuj u Limited (UK) Step-down subsidiary (w.e. f. 1 April 2025) 18 Iron Oak Games Inc (Canada) Step-down subsidiary (w.e.f. 1 April 2025) 19 Fiddlestick Games Limited (UK) Step-down subsidiary (w.e. f. 1 April 2025) 20 Curve Games Development One Limited (UK) Step-down subsidiary (w.e. f. 1 April 2025) 21 Curve Digital Publishing Limited (UK) Step-down subsidiary (w.e. f. 1 April 2025) 22 Runner Duck Games Limited (UK) Step-down subsidiary (w.e. f. 1 April 2025) 23 Headstrong Games Ltd Step-down subsidiary (w.e.f. 1 April 2025) 24 Attack Games Limited Step-down subsidiary (w.e.f. 1 April 2025) 25 Catalis Group Limited Step-down subsidiary (w.e.f. 1 April 2025) 26 Kuj u Games Development One Limited Step-down subsidiary (w.e.f. 1 April 2025) 27 Curve Games Limited Step-down subsidiary (w.e.f. 1 April 2025) 28 Nazara US Inc. Wholly Owned Subsidiary 29 Nextwave Multimedia Private Limited Subsidiary 30 Halaplay Technologies Private Limited Subsidiary 31 Moong labs Technologies Private Limited Associate 32 Datawrkz Business Solutions Private Limited Subsidiary 33 Datawrkz UK Ltd Step-down Subsidiary 34 Datawrkz Operations UK Ltd Step-down Subsidiary 35 Space & Time Group Limited Step-down subsidiary 36 Space & Time Holding Limited Step-down subsidiary ... p Space and Time Media Limited Step-down subsidiary - f;; oCll\ 1'~~ ~ , <~ , { j ~ ~ ~ ,> . ~~ ~.ri.,.4" - ,.. ,,.,,, ... Registered Office: 10th Floor, Level 13th , Module 4. 21 /22. Olvmoia C:vhPrsn;,rp 6l ,rnri 11r lln~ri Ar,ob;u,mm,~~"· r. .. ,_ ..... ,. ... ____ , '"""''
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MSKC & Associates LLP Chartered Accountants Sr. Name of the Entit y No. Relationship with Holdi ng Company 38 Mediawrkz Inc Step-down Subsidiary 39 Mediawrkz Pte Ltd Step-down Subsidiary 40 EG Media Limited Associate of Step-down subsidiary 41 Nodwin Gaming Private Limited Subsidiary (upto 13 August 2025) and Associate (w.e.f. 14 AUQUSt 2025) 42 Comic Con India Private Limited Step-down Subsidiary (upto 13 August 2025) and Subsidiary of Associate lw.e.f. 14 AuQust 2025) 43 Rusk Distribut ion Private Limited Step-down Subsidiary (upto 13 August 2025) and Subsidiary of Associate lw.e.f. 14 August 2025) 44 Superhero Brands Private Limited Step-down Subsidiary (upto 13 August 2025) and Subsidiary of Associate lw.e.f. 14 Au2ust 2025) Step-down Subsidiary (w.e.f. 13 December 2024 45 Trinit y Gaming India Private Limited and upto 13 August 2025) and Subsidiary of Associate (w.e.f. 14 AuQust 2025) 46 Unpause Entertainment Private Limited Step-down Subsidiary (upto 13 August 2025) and Subsidiary of Associate (w.e.f. 14 August 2025) 47 Nodwin Gaming International Limited Step-down Subsidiary (upto 13 August 2025) and Subsidiary of Associate lw.e.f. 14 Au2ust 2025) Associate of Subsidiary (upto 13 August 2025) 48 Brandscale Innovations Private Limited and Associate of Associate (w.e.f. 14 August 2025) 49 Nodwin Gaming International Pte Ltd Step-down Subsidiary (upto 13 August 2025) and Subsidiarv of Associate lw.e.f. 14 Au2ust 2025) 50 Nodwin Gaming USA Inc. Step-down Subsidiary (upto 13 August 2025) and Subsidiarv of Associate (w.e.f. 14 Au11ust 2025) 51 Star Ladder Limited Step-down Subsidiary (upto 13 August 2025) and Subsidiary of Associate (w.e.f . 14 Au'1ust 2025\ 52 Nodwin Gaming MENA FZ-LLC (formerly Step-down Subsidiary (upto 13 August 2025) and known as Publishme Global FZ LLC) Subsidiary of Associate (w.e.f. 14 August 2025) 53 Arrakis Tanitim Organizasyon Pazarlama SAN. Step-down Subsidiary (upto 13 August 2025) and TIC. Ltd. A.S. (Arrakis) Subsidiary of Associate (w.e.f. 14 August 2025) 54 Branded Pte Limited Step-down Subsidiary (upto 13 August 2025) and Subsidiary of Associate (w.e.f. 14 August 20251 55 Freaks4U Gaming GmbH Step-down Subsidiary (upto 13 August 2025) and Subsidiarv of Associate lw.e. f. 14 Au11ust 2025) 56 Freaks 4U Brands GmbH & Co KG (Germany) Step-down Subsidiary (upto 13 August 2025) and Subsidiary of Associate (w.e. f. 14 Au11ust 2025) 57 Freaks 4U Gaming (Asia) Ltd (Taiwan) Step-down Subsidiary (upto 13 August 2025) and Subsidiary of Associate {w.e.f. 14 Au~ust 2025) 58 Freaks 4U Gaming d.o.o. Nis (Serbia) Step-down Subsidiary (upto 13 August 2025) and Subsidiary of Associate (w.e.f. 14 August 2025)
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MSKC & Associates LLP Chartered Accountants Sr. Name of the Entity Relationship with Holding Company No. 59 Freaks 4U Gaming LLC (USA) Step-down Subsidiary (upt o 13 August 2025) and Subsidiary of Associate (w.e.f. 14 August 2025) Step-down Subsidiary (upto 13 August 2025) 60 lnzzide eSports GmbH (Germany ) and Subsidiary of Associate (w. e .f. 14 August 2025) Step-down Subsidiary (upto 13 August 2025) 61 Spree Connection (UG) (Germany) and Subsidiary of Associate (w.e. f. 14 August 2025) Step-down Subsidiary (upto 13 August 2025) 62 Freaks 4U Gaming SAS (France) and Subsidiary of Associate (w.e .f. 14August 2025) Associate of Step-down Subsidiary (upto 13 63 Factor C August 2025) and Associate of Associate (w.e.f. 14 August 2025) Step-down Subsidiary (w.e.f. 1 July 2025 and 64 AFK Gaming Private Limited upto 13 August 2025) and Subsidiary of Associate (w.e.f. 14 August 2025) 65 Moonshine Technology Private Limited Associate 66 Openplay Technologies Private Limited Subsidiary (upto 6 May 2025) and Subsidiary of Associate (w.e.f. 7 May 2025) 67 Baazi Networks Private Limited Subsidiary of associate 68 Ross Technologies Private Limited Subsidiary of associate 69 Baazi Games Private Limited Subsidiary of associate 70 Baazi Gaming Network Private Limited Subsidiary of associate 71 SBN Gaming Network Private Limited Step-down Subsidiary of associate 72 Graasp Online Games Private Limited Associate of associate 73 Baazi Sports Foundation Step-down Subsidiary of associate 74 Myraid Holdings (Partnership Firm) Associate of associate 75 BeeGee Media Private Limited Step-down Subsidiary of associat e 76 Get Zapped Technologies Ltd (UK) Subsidiary of associate 77 Zap Tap Media Limited (UK) Step-down Subsidiary of associate 78 Get Zapped Technologies LLC (UAE) Subsidiary of associate 79 Bluetile Games, S.L. Step-down subsidiary (w.e. f 1 August 2026) 80 Bluetile Games, S. R. L. Step-down subsidiary (w.e. f 1 August 2026) 81 Bestplay System s, S.R.L. Step-down subsidiary (w.e. f 1 August 2026) 82 Best play Systems, S. L. Step-down subsidiary (w.e . f 1 August 2026) 83 Gameway Group Inc Step-down subsidiary (w.e.f 1 August 2026) '
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Nazara Technologies Limited CIN ; L72900MH1999PLC122970 Registered office : 11th Floor , Avighna House , Dr. A. B. Road , Worli , Mumbai, Maharashtra 400018 Websit e: www.nazara.com ; Email : lnfo@nazara.c om; Tel.; +91-22-40330800 / 22810303 / 22813030 CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER 2026 /All amounts in t lakh, except share and per share data, unless otherwise stated) Assets Non-current assets Property, plant and equipment Right-of-use assets Goodwill Other intangible assets Capital work-in-progress Intangible assets under development Investment accounted using the equity me thod Financial assets Investments Loans Other financial assets Deferred tax assets (net) Other non-current assets Income tax assets (net) Total non-current assets Current assets Inventories Financial assets Investments Trade receiv ables Cash and cash equivalents Other bank balances Loans Other financial assets Other current assets Total current assets Assets held for sale Total assets Equity and liabilities Equ ity Equity Share capital Other equity Equit y attributable to equity holder of the compan y Non-controlling interest Total equity Liabilities Non-current liabilities Financial liabilities Borrowings Lease liabilities Other financial liabilities Provisions Deferred tax liabilities (net) Total non-current liabilities Current liabiliti es Financial liabilities Borrowings Trade payables due to (a) total outstanding dues of micro enterprises and small enterprises; and (b) total outstanding dues of creditors other than micro enterprises and small enterprises Lease liabilities Other financial liabilities Other current liabilities Provisions Current taxes liabilities (net) Total current liabilities Liabilities associated with assets held for sale Total liabilities Total equity and liabilities As at 30 September 2026 (Unaudited ) 5,493 12,108 312,055 104,210 4 5 6,080 119,979 31,075 13 2,324 3,529 320 2,447 599 678 285 8,280 51,158 39,879 3,077 43 1 .426 25,688 129 836 729 514 7,694 375.462 383,156 7,407 390 563 4,880 10,224 2,116 1,073 12,865 31 158 3,767 50 51,298 3,104 231,259 17,365 481 469 307 793 338 951 As at 31 March 2026 (Audited ) 5,302 9,139 79.466 49,232 115 4,125 130,688 27,761 15 966 2,876 1 3,593 313 279 343 47,921 37,622 17,464 8,048 36 956 11 .449 123 839 437,118 7.410 339,939 347,349 7,821 355170 4,877 7,062 813 8,654 21 406 6,274 333 37,304 3,280 4,838 7,821 442 250 60 542 81 948
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Naz.ara Technolog ies Limit ed CIN: L72900MH1999PLC122970 Registered office: 11th f loor, Avighna House, Or. A. 8, Road , Worli , Mumbai, Maharashtra 400018 Website : www.nazara .com; Email: info@nazara, comj Tel.: +91-22-40330800 I 22810303 I 22813030 STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTH ENDED 30 SEPTEMBER 2026 (Amounts in l lakh. except share and per share data, unless otherwise stated) Quarte r ended Particu lars 30 September 30 June 2026 30 September 2026 (Unaudited ) 2025 (Unaudited ) (Unaudited ) INCOME Revenue from opera11ons Other income Total income (I) II EXPENSES Ill Purchase of s1ock 1n trade Change in 1nventonos of stock 1n trode Cost or Raw Matenal Consumed Content, even! and web server Advertising and business promotion Commission Employee benefit expenses Finance costs Depreciation and amortisation Impairment expenses Other expenses Total upenses (11) Profit before share of loss of associa tes, joint venture , exceptional Item and tax (I -11) IV Exceptional item (Refer No1e 9) V VI Profit before share or loss gr associates joint venture and tax (Ill + IV) Share of net (klss) of assoc1a1es and joint venture accounted for using !he equity method VII Profit I (loss) before tax (V+VI) VIII Tax expen se Current tax Taxes for ear11er penod Deferred tax (credit) Tota l tax expenses I {credit) (Vlll) IX Profit / (loss) for the period I year from continulnq operations (VII-VIII) X Discontinued operations (Loss) I profit from d1scon110ued operallOns Tex eitpense of d1scontmued operations Profit / (loss) for the period I year from discontinued operations (X) XI Profit I (IOSS) for the period , year flX+X) XII Other comprehensi ve income / (loss) (a) Items !hat will not be reclassified to profit and loss (net of laxes) (b) Item thal will be reclassified to profit and Ion (net of taxes) (c) Exchange differences upon translation of foreign operations (net of taxes) Other comprehensive inco me f (Ion} (XII) XIII Total comprehensive incom e/ (loss} for the period / year fXl+XII} XIV Net profi t I (loss) before exceptiona l Item attributab le to: • Equity shareholders of the Company - Non•controll1ng interest XV Net profit I (loss) after excep tional item attr ibutable to : - Equity shareholders of lhe Company - Non-controlling m1eres1 XVI Total com prehensive Income I I (loss) attributable to: • Equity shareholders of the Company - Non-controlling m1crost XVII Net profit I (loss) from discontinued operations attribut able to: - Equity shareholders of the Company - Non-conlrolling interest XVIII Paid-up equ;ty share capital (face value of f 2 each) XIX Other equity (rev•luation reserve : f Nil) 80,315 42,877 1 371 878 81,686 43,755 323 426 49 9 6,675 6,331 41,707 15,271 5,014 4,281 8,521 8,027 380 356 7,356 4,77 1 668 2,181 6069 3884 76,762 45,537 4,924 (1,782) 4 924 11 7821 (2,346) (6,241) 21578 !8.023) (206) 495 29 44 (781) (315) !958) 224 3 536 (8,247) 3 536 (8,247} 10 (20) 12 112 355 123 347 3,659 17,900} 3,628 (7,992) (92) (255) 3,628 (7,992) (92) (255) 3,567 (7,555) 92 (345 ) 7,694 7,410 XX Restated earnings per share for cont inuing operations before exept ional item (face value f 2 each) (not annua lised) (Refer Note 10) w~~~" Q~ ~~ (b) Diluted (•n ! ) 0.95 (2 16) XXI Restated earnings per share f or cont inuing opera tions after exc•ptional rtem (face value f 2 each) (not annualised) (Refer Note 10) w~~~" Q~ ~~ (b) Diluted (•n ! ) 0.95 (2.16) XXII Restated earnings per share for discontinued operations (face value f 2 each) (not annualised ) (Refer Note 10) (a) BaslC (in ! ) (b) Diluted (•n ! ) See accompanying notes to the consolidated financial results 52,646 1,0 446 163,092 1,137 (300) 124 16,046 11,644 5,088 7,791 677 6,082 220 4 916 53,425 109,667 (91,470) 18 197 (22,366) (4:171t 505 (51) (1,232) (778) (3,393) (3,393) 20 3 2,915 2,938 14551 66,535 (458) (2,935) (456) (786) 331 7,410 24.42 24.42 (0.84) (0.84) (0.01) (0.01) Half year ended Year ended 30 September 30 September 31 March 2026 2026 202$ (Un•udited ) (Audit ed} (Unaud ited) 123,192 2,249 125,441 749 58 13,006 56,978 9,295 16,548 736 12,127 2,849 9,953 122,299 3,142 3,142 (8,587) (51445) 289 73 (1,096) (734) (4,711) (4 711) (10) 13 467 470 (4,2 41) (4,364) (347) (4,364) (347) (3,988) (253) 7,694 (1.16) (1.16) (1.16) (1.16) 102,523 118 156 220,679 2,291 (373) 124 28,383 24,119 9,066 17,225 1,192 12 , 53◄ 220 10,744 105,525 115,154 (91,470) 23 684 (24,793) (1109) 1,560 226 (3,164) 11,358) 249 1,492 1,492 1.741 17 10 5,813 5,840 7,581 93,881 (2,162) 2,411 (2,162) 8,471 (890) 1,493 (1) 7,◄ 10 25 93 25,93 0 67 0 67 0.41 182,898 124 358 307,256 3,157 (373) 42,961 46,121 16,◄ 17 31 ,447 2,249 23,056 580 17 687 183,302 123,954 (91,579) 32,375 (27,848) 41527 3,556 (472) (5,259) (2,175) 6,702 1,492 1,492 81194 1 (4) 8,716 8,713 16,907 99,671 (1,390) 8,092 (1,390) 16,828 79 1,493 (1) 7, ◄ 1 0 339,939 27.21 27.21 2.21 2.21 0.41
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Nazara Technologies Limited CIN : L72900MH1999PLC122970 Registered office : 11th Floor , Avighna House, Dr. A. B. Road, Worli, Mumbai , Maharashtra 400018 Website : www.nazara .comj Email : info@nazara .com; Tel. : +91.22--40330800 I 22810303 I 22813030 STATEMENT OF UNAUDITED CONSOLIDATED SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER AND SIX MONTH ENDED 30 SEPTEMBER 2026 (Amounts in '( lakh, except share and per share data, unless otherwise stated/ Quarte r ended Half year ended Ve ar ended Particulars 30 Septembe r 30 June 2026 30 Septembe r 30 September 30 September 31 March 2026 2026 (Unaudited) 2025 2026 2025 (Audited ) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Segment Revenue (a) Gaming 65,638 27,498 29,588 93,136 53,680 107,224 (b) eSpor1s 2.279 2,779 8,734 5,058 24,148 30,736 (c) Ad tech 12,398 12,608 14,379 25,006 24,985 45,448 Inter segment revenue (0) (8) (55) (8) (290) (510) Revenue from oeeratlons (ll 80,315 42,877 52,646 123,192 102,523 182,898 II Segment Results (a) Gaming 5,883 776 1,623 6,659 3,433 8,022 (b) eSpor1s (259) (46) (761) (305) (3,196) (2,464) (c) Ad tech (482) (179) (98) (661) (665) (362) Segment Results (Ill 5,142 551 764 51693 {428) 5,196 Unallocated expense (1,566) (3,198) (92,998) (4,764) (94,014) (96,456) Other income 1,348 865 110,431 2,213 118,126 123,635 Share of net (loss) of associates and joint venture accounted (2,346) (6,241 ) (22,368) (8,587) (24,793) (27,848) for using the equity method Ill Profit before tax 2,578 (8,023} (4,171} (5,445} (1,109} 4,527 IV Segment Assets (a) Gaming 456,681 131,874 120,500 456,681 120,500 130,225 (b) eSpor1s 129,760 133,105 135,447 129,760 135,447 134,149 (c) Ad tech 46,253 45,938 45,801 46,253 45,801 50,846 Tota l segment assets 632,69 4 310,917 301,748 632,694 301,748 315,220 Unallocated assets 96,820 126,839 124,217 96,820 124,217 121,898 Tota l assets 729 514 437 756 425 965 729 514 425 965 437 118 V Segment Liabilities (a) Gaming 76,430 35,529 32,249 76,430 32,249 31,670 (b) eSports 1,725 1,566 2,010 1,725 2,010 1,742 (c) Ad tech 29,509 28,960 28,305 29,509 28,305 35,515 Total segment liabilities 107,664 66,055 62,564 107,664 62,564 68,927 Unallocated liabilities 231,287 12,447 16,198 231,287 16,198 13,021 Total liabilities 338 951 78 502 78 762 338 951 78 762 81 948 VI Capital employed (a) Gaming 380,251 96,345 88,251 380,251 88,251 98,555 (b) eSports 128,035 131,539 133,437 128,035 133,437 132,407 (c) Ad tech 16,744 16,978 17,496 16,744 17,496 15,331 (d) Unallocated (134,467) 114,392 108,019 (134,467) 108,019 108,876 Caeital emelo~ed 390,563 359,25 4 347,203 390,563 347,203 355,170
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.. Nazara Technologies Limited CIN : L729D0MH1999PLC122970 Registe red office : 11th Floor, Avlghna House, Or. A. B. Road , Worll 1 Mumba i, Maharashtra 400 018 Websi te: www.nazara.com ; Email : lnfo@nazara.co m; Tel.: +91-22-40330800 / 22810303 / 22813030 CONSO LIDATED CASH FLOW STATEMENT FOR THE SIX MONTH PERIOD ENDED 30 SEPTEMBER 2026 (All amounts in t lakh, except share and per share data, unless othelWise stated) Cash flow from opera ting activities Profit/ (loss) before lax from conlinuing operations Profit/ (loss) before tax from discontinued operations Adjustments for: Interest expense Depreciation and amortisation Interest income Gain on sale of current investments (net} Employee stock option expense Fair value gain on financial instruments carried at fair value through profit or loss (net) Fair value (Gain) / loss on Investment at fair value through profit or loss Profit on sale of property and equipment (net) (#) Bad debts (#} Allowance for doubtful debts Unrealised loss I (gain} on exchange fluctuation (net) Share of loss of associates and joint venture accounted for using the equity method Impairment of investments , financials assets and intangible assets and exceptional item Provision for gratuity and compensated leaves (Gain)/ loss on deconsolidation of subsidiary Gain on sale of held for sale subsidiary Gam on lease modification Income from investment Changes in w orking capit al: (Decrease) in trade payables and other liabilities (Decrease) In provisions (Increase) in inventories Decrease in trade receivables and other assets Decrease in Joans and advances Decrease in net assets held for sale Cas h generated from operations Direct taxes paid Net cash generated from operating activities II Cash flow from Investing activities Purchase of property, plant and equipment including intangible under development Proceeds from sale of property , plant and equipment (#) Acquisition of shares in subsidiary Acquist1on of subsIdIaries, net of cash Purchase of additional stake in associates Purchase of non-current investments Purchase of curren1 investments Proceeds from redemption / maturity of current investment s Investment in bank deposits Redemp tion/maturity of bank deposit Movement in restricted cash and bank balances Interest received on investments Interest received on fixed deposits Net cash used in Investing activities Ill Cash flow from financing activities Proceed from issue of equity share capital Share issue expenses Cash payment on cancenauon of ESOP Issue of share by subsidiary to non-controlling interest Repayment of borrowings (net) Payment of interest on borrowings Payment of finance lease liabilities Payment of interest on finance lease liabilities Net cash generated I (use d in) from financing activities Net increase/ (decrease) in cash and cash equivalents Decrease in cash on account of deconsolidation of subsidiary Effects of exchange rate changes of cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of period Cash and cash equivalents as per above comprises of the following : Cash In hand Balances with bank 30 Septembe r 2026 30 September 2025 (Unaudited) (Una udited ) (5,445) (1,109) 1,492 736 1,192 12,127 12,534 (211) (532) (1,375) (390) 275 47 (93) (582) (404) (6,371) 0 (9) 4 0 41 1 332 372 (79) 8,587 24,793 2,849 91,690 498 128 (109,846) (1,512) (9) 115 (130) (39) 18,192 11,854 (19,677) (13,731) (192) (36) 58 (358) 6,940 6,711 (315) 1,679 51 5,006 6,170 (750) (2,335) 4,256 3,835 (7,666) (5,513) 18 9 (186) (51,369) (19,500) (45) (2,592) (1,494) (19,028) (105,488) 60,151 74,031 (1,588) (5,219) 5,351 14,805 130 39 (16) 613 (16,795) (47,762) 39,601 49,500 (53) (80) 1,075 (2,505) (12,685) (577) (1,331) (1,261) (607) (615) 35,105 35,357 22,566 (8,570) (5,344) (150) (911) 17,463 29,885 39,879 15,060 97 45 39,582 12,823 200 2,192 39 879 15 060
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• Note to the Consolida ted Financial Resul ts: The Sta1ement/results of Nazara Technologies L1m1ted (the "Company" or "Holding Company'') and its subs1d1anes (referred to as ,he Group") together with associates, have been prepared ,n accordance with the recognition and measurement principles of applicable Indian Account,ng Standards (' Ind AS') not,f,ed under the Companies (Indian Accoun11ng Standards) Rules. 2015 (as amended). as prescribed under section 133 of the Companies Act 2013 and In terms of Regulahon 33 of the SEBI (Listing Obligat,ons and Disclosure Requirements) 2015. as amended 2 The above results were reviewed and approved by the audit Committee and by !he Board of Directors at their respective meetings held on 26 October 2026 3 The Board of Directors of the Holding Company by way of resolution passed through circulation on 30 July 2026, has approved the allotment of 1,33,31,000 Equity Shares of face value of f2 el>Ch, ale pnce of ,260 (1nclud1ng e premium of ,258), fully paid up, upon conversion of 1,33,31,000 Warrants Further On 3 August, 2026, the Board of Directors of tho Holding Company has approved the allotment of 9,00,000 fully paid-up Equity Shares of face value of ,2 each, at a price of ,260 (1nclud1ng a premium of f258) , pursuant to the conversion of 9,00,000 Warrants 4 During the quarter ended 30 September 2026, Nazara Technologies UK L,m,ted, a wholly owned subs1d1ary of the Company, acquired 100•,4 of the equity shore cap,tel of Bluetile Games S L and Bestplay Systems S L with effect from 1 August 2026, for an aggregate cash consideration of USO 303 million (net of worl11ng capital, debt and cash like adjustments) Out of total cons,derat,ons, USO 85 65 m1ll1on was paid on 4 August 2026 end the balance ,s payable ,n three tranches on or before April 2027 The acqu1sIlton has been accounted for as a business combInat1on under Ind AS 103 - Business Combinations. The accounting for the business comb1nat1ons, including the determInatIon of the fair values of the 1dent1fiable assets acquired and liabilities assumed, Is provIs1onal and Is sub,ect to f1nahsahon The Company will complete the exercise wIthIn the measurement period and any adJUslments will be recognised retrospectively as required by Ind AS 103 The consolidated results for the current periods include the results of the acqu1rees from 1 August 2026 and are therefore not comparable with the comparative penods 5 The Board of Directors of the Holding Company, at its meeting hold on 6 August 2026, approved the increase ,n the authorised share capital of the Holding Company from te.ooo lekhs to t9,000 lakhs and the consequent amendment to Clause Vof the Memorandum of Associatoon of the Company 6 Tho Board of Directors of the Holding Company, at ,ts meeting held on 12 October 2026, approved the allotment of 2,38,81,711 fully pa,d-up Equity Shares of face value of f2 each at an issue price of t306 per Equity Share (1nclud1ng a premium of ,304 per Equity Share) ('Issue Price'), on a preferential basis by way of private placement 7 During the quarter, the group has recognized impairment loss of ,668 lakhs on 1ntang1ble assets belonging to one of its subs1d1ary based on internal assessmen1 8 During the previous year, Halaplay Technologies Private Limited (Halaplay), a subsId1ary of the Company, received a show cause notice from the Directorate General of GST Intelligence for f27 ,421 lakhs under Section 74 of the CGST Act, 2017, read with the applicable SGST and IGST Acts Tho notice relates to a 'business undertaking - Rea l Money Gaming Fantasy Spans' demerged to Openplay Technologies Private L1mIted under the scheme approved by the Hon'ble Na11onaI Company Law Tribunal, Kolkala Bench, on 22 August 2023, with an appointed date of 1 October 2022 Under the sa,d scheme, all related assets. hab1ht1es and obhgat1oos irrespective of whether the same arose before appointed date or not, were transferred to Openplay and the same would continue to be enforced by or against them J:our subs1d1aries of Moonshine Technology Private Limned (AssOC1ate Company of the Group) - Openplay Technologies Private L1m1ted (from 7 May 2025) , SBN Gam,ng Network Private LIm1ted (SBN), Baaz, Networks Private L,m,ted (BNPL) and Baz, Games Private L,m,ted (BGPL) (collectively, "Associate Components') received show cause notices from the Directorate General of GST Intelligence aggregating ,1 ,036,906 lakhs under Section 74 of the CGST Act, 2017, read with the applicable SGST and IGST Acts SBN, BGPL and BNPL challenged the notices before the Hon'ble Supreme Court of India and obtained a stay. The Supreme Court have o,dered to upheld the GST hab1hty, however referred to 1dent1fy service value based on Rule 31B of GST SBN, BGPL and BNPL have received the revised order from GST assessing authorities on 14 October 2026 amoun11ng to f58.714 lakhs and further the group ,s expecting the s1m1lar order In case of Openplay As per the order. the interest 1s lev,able from 1 October 2023 on the demand raised The Associate Components are seeking the legal advice on the said order Under the apphcable laws, the habIhty for the above GST demands rests with the respective companies The Group has fully impaired ,ts investment ,n Halaplay Technologies Private Limited and Moonshine Technology Private L,m led, accordingly, based on the current legal assessment & applicable laws and in the absence of any further guarantees or funding commuments or other obhgatoons, no additional financial impact on the Group is expected in relation to these matters 9 During the previous year ended March 2026, with the enactment of Promotion and Regulat,on of Online Gaming Act. 2025 ("the Gaming Act") on 21 August 2025 and subsequent prohibition on offering of onhne money games, the Company has provided for ns Investments ,n Halaplay Technologies Private L,m ted (a Subs1d1ary Company) and Moonshine Technology Private L1m1ted (an Associate) amounting to Rs 91,470 lakhs and the same Is disclosed as an Exceptional Item In the unaudited consolidated financial results Further, Note No-8 explains the ,udgement of Hon'ble Supreme Court on matters related to levy of GST on Real Money Gaming in another OrlijoIng case In consIderatIon of 1h15. the Group has reassessed the recoverable amount ,n accordance with Ind AS 28 read with Ind AS 36 and the balance investment ,n the said associate amounting to f 2 ,181 lakhs are further provided by the Group dunng tho quarter ended 30 June 2026 Accordingly, the Group does not have any further exposure with respect to these entities which were in Real Money Gaming Business Further the Group has stopped recognIsIng its share in the profiVloss from its investment in Moonshine Technology Private L1m1ted) Furtner tho Other income for the previous year ended March 2026, includes f 109,846 lakhs as fair value ga,n on account of desubs1d1ansation of ,ts erstwhile subs1d1ary Nodwtn Gam,ng Private L1m1ted 1 O The earning per share In respect of !he prev,ous penods has been restated considering the sub division or shares, allotment of bonus shares and adjustment In respect or outstanding stock options. in line with requirements of Ind AS 33 'Earning per share' 11 The above results are available on the Company's webs,te www nazara com and also on the website of BSE (www bseind,a com) and NSE (www nse1nd1a com). where the shares of the Company are listed Place: Mumbai Dato: 26 October 2026
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MSKC & Associates LLP Chartered Accountants 602, Floor 6, Raheja Ti tanium Western Express Highway, Geetanjali Railway Colony Ram Nagar, Goregaon (E) Mumbai 400063, INDIA Independent Auditor's Review Report on Standalone unaud ited financial results of Nazara Technol ogies Limited for the quarte r and year to date pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , as amended. To The Board of Directors of Nazara Technologies Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results of Nazara Technologies Limited (hereinafter referred to as ' the Company') for the quarter ended 30 September 2026 and the year to-date results for the period from 1 April 2026 to 30 September 2026 ('the Statement' ) attached herewith , being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulat ions') . 2. This Statement, which is the responsibility of the Company's Management and has been approved by the Company's Board of Directo rs, has been prepared in accordance with the recognition and measurement principle s laid down in Indian Accountin g Standard 34 'Interim Financial Reporting' , prescribed under Section 133 of the Companies Act, 2013 (' the Act' ) read with relevant rules issued thereunder (' Ind AS 34' ) and other recognised accounting principles generally accepted in India and is in compliance with the Regulation s. Our responsibility is to express a conclusion on the Statement based on our review . 3. We conducted our review of t he Statement in accordance with the Standard on Review Engagements (SRE) 2410, " Review of Interi m Financial Information Performed by the Independent Auditor of the Entity " issued by the Institute of Chartered Accountant s of India. A review of interim financial information consists of making inquiries , primarily of persons responsible for financial and accounting matt ers, and applyin g analytical and other review procedures. A review is substantia lly less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtai n assurance that we would become aware of all signifi cant matters that might be identified in an audit. Accordingly , we do not express an audit opinion . n --: _ ... ___ ., f"'\ J:.S:; ___ "'" th ,.., ___ 1 -··- · ... ~ th ,._ .... ,,, _ A "l ◄ l "l"'l r'II , , __ ; ... r .. 1-.. .... ,,.~ ... --... Al--. ... ...1,, ... n ........... lt .-, ,1 ... : ., ...................... - ...... r .. ~ ... ,-1 • • r i... ............... : t:.. f"\l"V"l'J,
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MSKC & Associates LLP Chartered Accountants 4 . Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any materia l misstatement. For MS KC & Associates LLP Chartered Accountants ICAI Firm Registration Number: 001595S/5000168 Ojas D. Joshi Partner Membership No.: 109752 UDIN: 2G10.9752.SCXMDM41'5 Place: Mumbai Date: 26 October 2026
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Nazara Techno logies Lim ited CIN : L72900MH1999PLC122970 Registered office: 11th Floor, Avlghna Hou se, Dr. A. B. Road , Worll , Mumbai , Maharashtra 400018 Website: www.nazara.com; Email : lnfo@nazara.com ; Tel.: +91-22-40330800 / 22810303 / 22813030 UNAUDITED STANDALONE BALANCE SHEET AS AT 30 SEPTEMBER 2026 (Amounts in i /akh, except share and per share data, unless otherwise stated) ASSETS Non-current assets Property, plant and equipment Right-of-use assets Other Intangible assets Intangible assets under development Financial assets i) Investments ii) Loans iii) Other financial assets Deferred tax assets (net) Total non-current assets Current assets Financial assets i) Investments ii) Trade receivables iii) Cash and cash equivalents Iv) Bank Balances other than cash and cash equivalents v) Loans vi) Other financial assets Other current assets Total cu rrent assets Total assets EQUITY AND LIABILITIES EQUITY Equity share capital Other equity Total equity LIABILITIES Non-cu rrent llabll ltics Financial liabilities Lease liabilities Provisions Tota l non-current liabilities Current liabiliti es Financial l1ab1lities i) Lease liabilities ii) Trade payables Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of creditors other than micro enterprises and small enterprises iii) Other financial liabilities Other current liabilities Provisions Current tax liabilities (net) Total current liabilities Total liabilities Total equity and liabilities As at 30 September 2026 (Unaudited} 919 2.300 5,231 162,593 12,213 1,571 1,594 186 421 6,554 1,714 990 62.840 3,128 2,304 77 530 263,951 7,694 250,075 257 769 2,088 512 2 600 681 11 2,246 206 134 76 226 3 582 6182 263,951 As at 31 March 2026 (Audited) 954 2,688 5,833 134,038 11 ,615 1,015 1.480 157 623 45,978 1,981 2.412 4,719 13,549 2,210 1,571 72,420 230,043 7.410 216.791 224 201 2,479 254 2,733 662 233 1,729 300 123 42 20 3 109 5 842 230,043
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Nazara Technologies Limited CIN : L72900MH1999PLC122970 Registered offi ce: 11th Floor, Avlghna House, Dr. A. B. Road, Worll, Mumba i, Maharashtra 400018 We bsite: www.naza ra.com ; Email : lnfo@ nazara .com j Tel .: +91-22-40 330800 / 228 10303 / 2281 3030 STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTH ENDED 30 SEPTEMBER 2026 (Amounts ,n t lakh, excee_l share and@.' share data, unless otherwise stated/ Quarter ended H alf ~ear ended Year ended 30 September 30 June 30 September 30 September 30 September 31 March 2026 2026 2025 2026 2025 2026 (Unaudited ) (Unaudited) (Unaud ited) (Unaudited ) (Unaudited ) (Audited) INCOME Revenue from operations 1,873 1,739 1,602 3,612 3,634 7,384 Other income 2 010 2 106 1 598 4 116 4 218 10 841 Total income (ll 3,883 3,845 3,400 7,728 8,052 18,225 EXPENSES Content and server cost expenses 169 176 117 345 220 602 Adver11sing expenses 736 565 573 1,301 1,252 2,762 Platform fees & comm1ssk>n expenses 215 237 267 452 554 1,075 Employee benefrts expense 1,123 937 613 2,060 1,073 2,634 Finance costs 70 48 66 116 162 363 Depreciation and amor11sat1on 540 543 572 1,083 1,123 2,132 Impairment losses 6,961 1,267 6,961 1,267 1,267 Other exl!:§:nses 926 529 915 1,455 1,508 2,712 Total exeenses (Ill 3,779 9,996 4,410 13,775 7,179 13,587 Ill Profit / (loss) befor e exceetional items and tax (I-Ill 104 (6,151) (1,0101 (6,047! 873 4,658 IV Exceptional ,terns (Reier note 10) (96,243) (96,243) (98,979) V Profit/ (loss) before tax (lll+IV) 104 (6,151} (97,253) (6,047) (95,370) (94,321) VI Tax expense Current tax 349 230 349 383 325 Taxes for ear11er years 3 Deferred tax (credit)/ exeense (282) 164 !788} {118) {1,819} {1,152} Total tax (cred it)/ exeense {VI) 67 164 {558} 231 (1,436} (824) VII Profit / jlossj for the eerlo d / ~ear {V-VI) 37 (6,315j 198,895} (6,278) (93,934} (93,497) VIII Other comprehen sive Income / (loss ) Item that will not be reclassified to the statement of profit and loss (net of tax) 11 4 11 4 1 llem that will be recla~sifi~ to th!;! ~!atement of erofit and loss {net of tax} 1 1z 3 13 1Q (41 Other comerehensive income / lloss} for the eeriod / ~ear, net of tax {VIII! 12 12 7 24 14 (3) IX Total comereh enslve Income / (loss) for the eeriod / ~ear (Vll+VIII) 49 (6,303) (96,688) (6,254} (93,920) (93,500) X Paid-up equity share capital (fac e value f 2 each) 7,694 7,410 7,410 7,694 7,410 7,410 XI Other equity (revaluati on reserve : NII) 216,791 XII Restated earnings per equity share before exceptional Items (lace value off 2 per share each) (not annualised) (Reier note 11) Basic 0.01 (1.70) (0.14) (1.67) 0.64 1 50 Diluted 0.01 (1.70) (0.14) (1.67) 0.64 1 50 XIII Restated earnings per equity share after exceptional items (lace value off 2 per share each) (not annualised) (Reier note 11) Basic 0.01 (1.70) (26.72) (1.67) (2594 ) (25.52) Diluted 0.01 (1.70) (26.72) (1.67) (25.94) (25.52) See accompanying notes to the standalone financial results
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Nazara Technologies Limited CIN : L72900MH1999PLC122970 Registered office : 11th Floor , Avighna House, Dr. A. 8. Road, Worli, Mumba i, Maharashtra 400018 Website : www.nazara .com ; Email : info@nazara .com; Tel.: +91-22-40330800 / 22810303 / 22813030 UNAUDITED STATEMENT OF STANDALONE CASHFLOWS FOR THE SIX MONTHS ENDED ON 30 SEPTEMBER 2026 (Amounts in f lakh. except share and per share data, unless otherwise stated) Cash flows from operating activities Profit/ (loss) before tax Adjustments for non cash and non opera ting items : Fair value gain on financial instruments at fair value through profit and loss Fair value gain on non-current investments Net gain on sale of current investmenls Interest income Gain on sale of Subsidiary Impairment losses Exceptional item Depreciation and amortisation expenses Employee share-based compensation expense Unw1nd1ng of interest on security deposits Unrealised foreign exchange (ga,n) net Loss on lease mod1ficat1on Finance costs Gain on sale of fixed assets Operating (loss) before working capital changes Working capital adjustm ents: Increase in trade payables Increase in provIsIons lncrease/(Decrease) in other liabilities (Decrease) in other financial liabilities Decrease/(lncrease) in trade receivables (Increase) in loans and advances Decrease/(lncrease) in other financial assets (Increase) in other assets Cash generat ed (used in) operation s Income taxes paid Net cash flow s (used in) operating activiti es (A) Cash flow from investing activiti es Purchase of property and equipment, including intangible assets Acquisition of shares in subs,diary/assoc,ates Purchase of non-current investments Proceeds from sale of property, plant and equipment Purchase of current investments Proceeds from sale of current investments Interest received on bank deposits, income tax refund, bonds and loans given to subsidiary Investment ,n fixed deposits Proceeds from maturity of bank deposits Loan given to subs1d1aries Repayment of Loan by subsidiaries Net cash flow s (used in) investing activities (B) Cash flows from finan cing activiti es Proceeds from issue of eQu1ty shares (including premium) Share issue expenses Repayment of principal portion of lease liabilities Repayment of interest portion of lease habIllt1es Net cash flows from finan cing activities (C) Net increase / (decrease) in cash and cash equivalents (A)+(B)+(C) Effect of exchange rate changes of cash and cash equivalents Cash and cash equivalents at the beginning of the year Balances with bank at the beginning of the year Cash and cash equivalents at the end of the period Cash and cash equ ivalents as above comprises of the following Cash In hand Balances with bank Deposit with original maturity of less than 3 months Total cash and cash equivalents (refer note 9) 30 September 2026 30 September 2025 (Unaudited) (Unaud ited) (6,047) (95,370) (38) (558) (260) (11) (1,346) (233) (1,860) (1,222) (685) 6,961 97,510 1,083 1,123 275 29 (11) (15) (434) (1,340) 115 118 182 9 (1,559) (484) 294 865 307 10 10 (254) (93) (1,268) 267 (333) (4) (11) 141 (264) (732) (1,035) (1 ,369) (2,774) (141) (181) (1,510) (2,955) (104) (8) (34,842) {1,000) (413) (474) 9 (18,728) (104,888) 59,512 65,012 293 576 (4,500) 4,719 4,559 (55,470) (12,631) 6,012 6,676 (39,021) (46,669) 39,601 49,500 (53) (60) (304) (266) (137) (182) 39,107 48,972 (1,424) (652) 2 10 1 4 2,411 2,885 990 2,247 7 4 983 293 1,950 990 2,247
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Notes to the Standalone finan cial results: The statemenVresults of Nazara Technologies Limited ( "the Company" ) have been prepared In accordance with the recognition and measurement principles or applicable Indian Accounting Standards ("Ind AS") notified under the Companies (Indian Accountong Standards) Rules, 2015 (as amended), as prescribed under Section 133 of the Companies Act 2013 and ,n terms Of Regulation 33 or the SEBI (Listing Obligatoons and Disclosure Requirements) 2015, as amended. 2 The above results were reviewed and approved by the Audit CommIttee and by the Board of Directors at their respective meetings held on 26 October 2026 3 Segment information in accordance with 'Ind AS 108 Operating Segments' has been given in the consolidated financial results. 4 The Board of Directors of the Company by way of resoiulion passed through circulalton on 30 July 2026, has approved the allotment of 1,33,31,000 Equity Shares of face value of f2 each. at a price of '260 (1ncludIng a premium of {258), fully paid up, upon conversion of 1,33,31,000 Warrants. Further. On 3 August, 2026, the Board of Directors of the Company has approved the allotment of 9,00,000 fully paid-up Equ,ty Shares of face value of f2 each, at a price of {260 (including a premium of i258). pursuant to the conversion of 9.00.000 Warrants. 5 On 03 August 2026, the Company has infused USO 33 85 million (equivalent to approx f32.357 lakhs) into Nazara Technologies UK Limited, a wholly owned subsidiary of the Company, towards subscnptton to its equity shares. and USO 51.09 million (equivalent to approx f48,858 lakhs) as Loan 6 The Board of Dtrectors of the Company, at ,ts meetong held on 6 August 2026, approved the increase In the authonsed share capital of the Company from tS,000 lakhs to t9,000 lakhs and the consequent amendment to Clause V of the Memorandum of Association of the Company . 7 On 21 August 2026, the Company subscribed 1,B7.5B6 equity shares of face value t 10/- each In Funky Monkeys Play Centre Private Llmijed ("Funky Monkeys"). a subsidiary of the Company against a pnmary subscnption amount of f800 lakhs paid by the Company. Further. on 3 September 2026, the Company acquired 75,972 equity shares of face value ,101- each in Funky Monkeys through a secondary acquIsI11on from Ms. B1nita Putcha, one of the founders of Funky Monkeys, for an aggregate consideration of t185 lakhs Consequent to the aforesaid acqu,sIt10ns. the Company's shareholding ,n Funky Monkeys Increased from 60.00% to 68 10% of its equity share capital. 8 The Board of Directors of the Company, at its meeting held on 12 October 2026. approved the allotment of 2,38,B1 ,711 fully paid-up Equity Shares of face value of ,2 each at an ,ssue pnce of ,306 per Equity Share (including a premium of f304 per Equity Share) ("Issue Price"), on a preferential basis by way of private placement. 9 The Board of Dtrectors of the Company, at its meeting held on 12 October 2026. approved the conversion of the outstanding inter-corporate loan, aggregating up to , 12,935 lakhs. including accrued Intorest. into equity share capital of Smaaash Entertainment Private Limited, a wholly-owned subs1d1ary of the Company The Board also approved the conversion of the outstanding loan, aggregating up to GBP 23 mIliIon (equivalent to approx '29. 109 iakhs). Into equity share capital of Nazara Technologies UK Limited. a wholly-owned subs,diary of the Company 10 During the previous year ended March 2026, with the enactment of Promotion and Regulation of Online Gaming Act, 2025 ("the Gaming Act") on 21 August 2025 and subsequent proh1bit1on on offenng or onhne money games, the Company has provided for its Investments In Halaplay Technologies Private L1m1ted (a Subsidiary Company) and Moonshine Technology Private Limited (an Associate) amounting to ,96,243 lakhs and the same is disclosed as an Excepllonal Items 11 The earning per share in respect of the previous periods has been restated considering the sub division of shares, allotment of bonus shares and ad)Ustment In respect of outstanding stock options. In hne with requirements of Ind AS 33 'Earning per share' 12 The above results are available on the Company's website www.nazara com and also on the website of BSE (www.bseindia com) and NSE (www.nseindia.com). where the shares of the Company are listed. Place: Mumbai Date: 26 October 2026
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Annexure B Sr. No. Name of the KMP Designation Contact Details 1. Mr. Mithun Padam Sacheti Executive Director Nazara Technologies Limited 11th Floor, Avighna House, Dr. A. B. Road, Worli, Mumbai – 400018 Tel.: +91-22-40330800 investors@nazara.com 2. Mr. Raymond Albaladejo Stauffer Chief Executive Officer 3. Mr. Arun Agarwal Chief Financial Officer 4. Mr. Arun Bhandari Company Secretary and Compliance Officer ,... N"azara Nazara Technologies Limited CIN: L72900MH1999PLC122970 0 11th Floor, Avighna House, Dr. A.B. Road, Worli, Mumbai - 400018. ~ 91-22-40330800 I 22810303 / 22813030 • info@nazara.com e, www.nazara.com