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Nazara Tech slips into Rs 82.5 Cr loss in Q1; Nitish Mittersain steps down as CEO
Beyond these results, the Board is scheduled to meet on August 6, 2026 to consider raising additional funds through the issuance of equity shares or other securities on a preferential basis.
TL;DRAI
Nazara posted Rs 82.5 crore Q1 loss from RMG impairment; CEO Mittersain stepped down for ex-Google Stauffer from Sept 1. Strategic pivot to casual gaming (+14% revenue, 19.5% EBITDA) via 100% Bluetile/BestPlay acquisition ($303M); Stauffer's track record: $153.6M revenue, 18% EBITDA.
813 words~4 min read
