Nazara Technologies Limited informs the exchange regarding Financial Results (Consolidated and Standalone) for the quarter ended June 30, 2026
RESULTS
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 03 Aug 2026, 10:05 PM IST · BSE ID: b5b32eb7-fcb8-4827-8294-0c1cab8efb1d
View Original BSE Filing (PDF)
💡
In Simple Terms
Nazara Technologies' board approved quarterly financial results, planned new investments, changed CEO, and issued shares.
🤖 AI Summary
- Board approved Unaudited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026.
- Company to invest up to INR 9.9 Crores in Funky Monkeys Play Center, increasing shareholding to approximately 68.1%.
- Nazara UK received in-principle approval for revised acquisition terms of Bluetile Games and Bestplay Systems.
- Mr. Raymond Albaladejo Stauffer appointed CEO, effective September 01, 2026; Mr. Nitish Mittersain continues as Managing Director.
- Allotment of 9,00,000 equity shares to Founders Collective Fund upon warrant conversion, increasing share capital.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Investment in Funky Monkeys
INR 9.9 Crores
Increased shareholding in Funky Monkeys
approximately 68.1%
Unsecured loan to Smaaash Entertainment
INR 24 Crores
Equity shares allotted upon warrant conversion
9,00,000
New paid-up equity share capital
INR 76,93,92,048/-
Group's share of net loss after tax (1 associate)
Rs. (5,658) lakhs
Total revenue (10 subsidiaries not reviewed by auditors)
Rs. 3,475 lakhs
🏢 How This Affects the Company
The appointment of a new CEO, Mr. Raymond Albaladejo Stauffer, indicates a strategic leadership transition focused on future growth phases, with Mr. Nitish Mittersain concentrating on long-term strategy as Managing Director.
The investment of up to INR 9.9 Crores in Funky Monkeys and an unsecured loan of up to INR 24 Crores to Smaaash Entertainment will impact the company's cash outflows and subsidiary financial structures. The revised acquisition terms for Bluetile and Bestplay, excluding stock consideration, alter the financial structure of that transaction.
The leadership change with a new CEO may lead to new operational strategies and execution approaches, while Mr. Mittersain's continued role as Managing Director emphasizes strategic direction and key relationships.
The investment in Funky Monkeys and loan to Smaaash represent capital allocation decisions with associated business risks. The revised terms for the Bluetile and Bestplay acquisition alter financial and integration risks related to that transaction.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are not required to take any immediate action based on this filing.
👤
Who Is Affected
Existing shareholders' equity will be diluted by 9,00,000 new equity shares issued to Founders Collective Fund, increasing the paid-up capital from INR 76,75,92,048 to INR 76,93,92,048.
🔍
Management Signal
Management is signaling a focus on consolidating subsidiary control and executing leadership transitions to steer future growth, alongside financial restructuring of previously announced acquisitions.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Announcement of effective date for new CEO, Mr. Raymond Albaladejo Stauffer.
Disclosure of execution of the Amended and Restated Share Purchase Agreement for Bluetile and Bestplay.
Update on the completion of the investment tranches in Funky Monkeys Play Center Private Limited.
MEDIUM RISK
The audit report notes unreviewed financial information for several subsidiaries and an associate's loss.
💡 Investor Takeaway
Nazara Technologies approved Q1 FY27 results and committed up to INR 9.9 Crores more into Funky Monkeys, increasing stake to 68.1%. A new CEO, Mr. Raymond Stauffer, was appointed, effective September 01, 2026, while Mr. Nitish Mittersain remains Managing Director.
⚖️ Strengths & Concerns
✅ Positives
- Strategic leadership transition with a new CEO, Mr. Raymond Albaladejo Stauffer, potentially bringing fresh perspectives to the company's growth.
- Increased investment of up to INR 9.9 Crores in Funky Monkeys, enhancing control with approximately 68.1% shareholding on a fully diluted basis.
⚠️ Concerns
- Review report from auditors for the quarter ended June 30, 2026, includes the Group's share of net loss after tax of Rs. (5,658) lakhs from one associate.
- The review report notes that interim financial information of 10 subsidiaries (total revenue of Rs. 3,475 lakhs, net loss of Rs. (45) lakhs) was not reviewed by their auditors.
📅 Company Track Record
Nazara Technologies reported a Rs. 91,470 lakhs impairment loss and faced Rs. 10,64,327 lakhs GST demands in its Q4 FY26 results filed May 12, 2026. The board had previously announced a meeting on August 03, 2026, to approve Q1 FY27 results.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What financial results did Nazara Technologies Limited's board approve?
Nazara Technologies Limited's Board approved the Unaudited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026.
What is Nazara Technologies Limited's new investment in Funky Monkeys?
Nazara Technologies Limited will further invest an amount not exceeding INR 9.9 Crores in Funky Monkeys Play Center Private Limited, increasing its shareholding to approximately 68.1% on a fully diluted basis.
Who is the new Chief Executive Officer for Nazara Technologies Limited?
Mr. Raymond Albaladejo Stauffer has been appointed as Chief Executive Officer of Nazara Technologies Limited, effective from September 01, 2026.
What is the status of Mr. Nitish Mittersain's role at Nazara Technologies Limited?
Mr. Nitish Mittersain has resigned from the CEO position, effective September 01, 2026, but will continue in his existing role as Managing Director and Key Managerial Personnel of the Company.
How many equity shares were allotted by Nazara Technologies Limited after warrant conversion?
Nazara Technologies Limited allotted 9,00,000 fully paid-up Equity Shares to Founders Collective Fund following the conversion of 9,00,000 Warrants.
Questions based on this BSE filing only. For information purposes.