Nazara Tech: Major Leadership Changes Put Stock in Focus

Nazara Technologies is in focus in the stock market on October 13, 2026, following a major management reshuffle announced on October 12. Founder Nitish Mittersain has stepped down as Managing Director and will continue as founder and non-executive director, subject to applicable approvals. Mithun Padam Sacheti, co-founder of CaratLane, has been redesignated as a whole-time executive director to oversee strategic initiatives. The company has also appointed Arun Agrawal as Chief Financial Officer, effective October 16, replacing Rakesh Shah, who is leaving the position on October 15. Separately, Nazara's board approved the allotment of approximately 2.39 crore equity shares at ₹306 per share, raising around ₹730.78 crore. The leadership changes and capital-raising activity will be key factors for investors to monitor as the gaming company pursues its expansion strategy. Disclosure: Palash Kag, Proprietor, Sarathi Research (SEBI Reg. No. INH000012740). No position held in IRB Infrastructure Developers. This article is for educational and informational purposes only and does not constitute investment advice or a recommendation to buy, sell, or hold any security. Please consult a registered advisor before making investment decisions.