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.

Nazara Technologies reported a revenue decline and net loss for the June quarter. The company announced founder Nitish Mittersain will step down as CEO. Raymond A. Stauffer will take over as the new chief executive officer. Nazara also revised terms for its acquisition of…