NSEUpdates7 Jul 2026 · 7 Jul 2026, 10:55 pm

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Nazara Technologies Limited · NAZARA

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Nazara Technologies Limited has informed the Exchange regarding the withdrawal of the Scheme of Amalgamation of Paper Boat Apps Private Limited, a wholly owned subsidiary, due to changes in restructuring plans. The Hon'ble National Company Law Tribunal, Mumbai Bench, has allowed the application seeking withdrawal of the Scheme.

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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment6/10

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Full Announcement

Nazara Technologies Limited informs the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Update on withdrawal of the Scheme of Amalgamation.

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NAZARA_07072026225343_WithdrawalIntimation.pdf

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July 7, 2026 Listing Compliance Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1. G Block, Dalal Street, Bandra -Kurla Complex, Bandra (East), Mumbai - 400 001. Mumbai - 400051. Scrip Code: 543280 Scrip Symbol: NAZARA Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”) - Update on withdrawal of the Scheme of Amalgamation Dear Sir/Madam, This is further to our disclosure dated May 12, 2026, inter alia, informing that the Board of Directors had approved the proposal to withdraw the Scheme of Amalgamation of Paper Boat Apps Private Limited, a wholly owned subsidiary of the Company with Nazara Technologies Limited (‘Scheme’) under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, owing to changes in restructuring plans of the Company. In this regard, we wish to inform you that the Hon'ble National Company Law Tribunal, Mumbai Bench (‘NCLT’) has allowed the application seeking withdrawal of the Scheme. The said Order has been made available on the website of the NCLT today and is enclosed herewith. Kindly take the above information on record. Thanking you, Yours faithfully, For Nazara Technologies Limited Arun Bhandari Company Secretary and Compliance Officer Encl. As above NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH COURT II Item No. 15 Company Application/162/2026 In C.A.(CAA)/37(MB)2025 CORAM SHRI SANJIV DUTT SHRI ASHISH KALIA HON’BLE MEMBER (TECHNICAL) HON’BLE MEMBER (JUDICIAL) ORDER SHEET OF HEARING (HYBRID) DATED 18.06.2026 NAME OF THE PARTIES: Paper Boat Apps Private Limited Appearance: For Petitioner : Adv. Farhan Batatawla i/b Adv. Ahmed Chunawala & CO For Respondent : None Sub-section (l) of section 230, Rule 11 of NCLT ORDER Company Application/162/2026 The present application has been filed by the applicant for withdrawal of withdraw the present Company Scheme Application No. 37/2025 and Company Application No. 222 of 2025. Learned Counsel for the Applicant Mr. Farhan Batatawala states at bar that he has instructions not to proceed with the application any further and to withdraw the same. In view of the statement made by the Counsel for the Applicant, CA No. 162/2026 is allowed and disposed of and CA 37/2025 is dismissed as withdrawn. Sd/- Sd/- SANJIV DUTT ASHISH KALIA MEMBER (TECHNICAL) MEMBER (JUDICIAL) Swapnil