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Gaming major Nazara Technologies has received the go-ahead from its shareholders for undertaking a stock split and a bonus issue of shares.

On August 12, the company’s board proposed the sub-division of one equity share of face value of INR 4 into two equity shares worth INR 2 each. Besides, it also proposed issuance of bonus equity shares in the ratio of 1:1.

In an exchange filing, the gaming major said that the proposals for stock split and bonus issue were passed by its shareholders, and the board of directors has fixed September 26 as the record date for the purpose of determining eligible shareholders. The date for allotment of bonus equity shares is September 29.

This would be Nazara’s second bonus share issue after June 2022. It comes at a time when the company’s shares have been under pressure in recent weeks. Following the ban on real money gaming in the country last month, Nazara’s shares have declined by about 5%.

The stock has been under selling pressure due to Nazara’s INR 1,000 Cr investment in Moonshine Technology Pvt Ltd, the parent of PokerBaazi. Following the real money gaming (RMG) ban, Nazara said it would not pick up an additional stake in Moonshine. It is also considering writing off its entire investment in Moonshine.

However, despite the recent set back, the company’s shares are up over 9% year to date on the back of its acquisition spree and improvement in financial performance over the past few quarters.

In Q1 FY26, Nazara’snet profit more than doubled to INR 51.3 Cr from INR 23.6 Cr in the same quarter last year. Operating revenue also doubled to INR 498 Cr during the quarter under review from INR 250 Cr in Q1 FY25.

Shares of Nazara were trading 0.27% lower at INR 1,101.10 on the BSE at 14:54.

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