Nazara Subsidiaries Sign Inter-Company Loans for USD 1.74 Million

MUMBAI — Indian gaming major Nazara Technologies Limited announced that two of its step-down subsidiaries, Kiddopia Inc. and Sportskeeda Inc., entered into separate inter-company loan agreements on July 29, 2026, with Nazara Technologies UK Limited. The credit arrangements, totaling up to USD 1.747 million (approximately ₹16.74 crore), will support general corporate operations, working capital requirements, and business growth for the UK entity.

The regulatory disclosures were submitted to stock exchanges on July 30, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. The capital financing illustrates Nazara’s active treasury strategy, utilizing cash flows generated by its operating subsidiaries to finance international growth initiatives across key European markets.

Breakdown of the Inter-Company Credit Agreements

The intra-group financing structure is split across two independent credit agreements executed with Nazara Technologies UK Limited, a wholly-owned subsidiary of Nazara Technologies Limited:

1. Kiddopia Inc. Credit Agreement

Kiddopia Inc., a wholly-owned subsidiary of Paper Boat Apps Private Limited (which is in turn a wholly-owned subsidiary of Nazara Technologies), signed an agreement to grant an unsecured loan of up to USD 1,230,000 (approximately ₹11.74 crore). The facility can be drawn down in one or more tranches for business purposes and working capital requirements.

2. Sportskeeda Inc. Credit Agreement

Sportskeeda Inc., a wholly-owned subsidiary of Absolute Sports Private Limited (a wholly-owned subsidiary of Nazara Technologies), signed an agreement to provide an unsecured loan facility of up to USD 517,000 (approximately ₹5.00 crore). Like the Kiddopia facility, funds will be disbursed in tranches to meet operational cash requirements.

Related Party Governance and Regulatory Compliance

Because all entities involved are wholly-owned direct or indirect subsidiaries of Mumbai-headquartered Nazara Technologies Limited, the transactions fall within the regulatory scope of Related Party Transactions under Indian securities laws.

The company confirmed that both transactions were conducted on an arm’s-length basis. Furthermore, because the inter-company loans are executed between wholly-owned subsidiaries of the listed parent company, they are exempt from specific shareholder approval requirements under Regulation 23(5)(c) of the SEBI LODR Regulations. Neither the promoters nor the promoter group entities hold any direct interest in these loan arrangements.

As of the disclosure date, total outstanding inter-company loans owed by Nazara Technologies UK Limited stood at USD 23,089,307 to Kiddopia Inc. and USD 13,449,190 to Sportskeeda Inc.

Strategic Significance for Global Gaming and Media Operations

The funding mechanism highlights Nazara’s multi-layered expansion across mobile gaming, children's educational media, and digital sports publishing. Kiddopia provides early childhood learning applications, while Sportskeeda operates a digital sports news platform.

By deploying operational capital from revenue-generating North American entities into Nazara Technologies UK Limited, the parent company avoids external debt financing costs while sustaining international operational expansion.

Official Sources Section

Regulatory filings and official communications regarding the inter-company credit agreements include:

• Regulatory disclosure submitted under Regulation 30 of SEBI LODR Regulations to
  BSE Limited
  (Scrip Code: 543280).

• Listing disclosure filed with the
  National Stock Exchange of India Limited
  (Symbol: NAZARA).

• Official corporate governance and investor relations repository at
  Nazara Technologies Limited

Quote Section

According to official filings signed by Arun Bhandari, Company Secretary and Compliance Officer at Nazara Technologies Limited:

"Kiddopia Inc. and Sportskeeda Inc., wholly-owned step-down subsidiaries of the Company, have entered into Loan Agreements with Nazara Technologies UK Limited on July 29, 2026, to grant unsecured loans for aggregate amounts not exceeding USD 1,230,000 and USD 517,000 respectively, in one or more tranches, for business and general corporate purposes."

Why It Matters

The inter-company loan facilities enable Nazara Technologies to maintain flexible liquidity allocation across its international corporate structure without incurring third-party financial leverage. Investors gain transparency on intra-group capital movements that support Nazara's gaming and digital sports media operations in European markets.

Key Facts at a Glance

• Total New Credit Facilities: Up to USD 1.747 million (~₹16.74 crore) combined.

• Participating Lenders: Kiddopia Inc. (up to USD 1.23M) and Sportskeeda Inc. (up to USD 517K).

• Borrowing Entity: Nazara Technologies UK Limited.

• Loan Structure: Unsecured inter-company loans granted on an arm's-length basis.

• Regulatory Compliance: Disclosed on July 30, 2026, under SEBI LODR Regulations.

Frequently Asked Questions (FAQ)

What are the specific loan amounts agreed upon by Nazara's subsidiaries?

Kiddopia Inc. agreed to provide an unsecured loan facility of up to USD 1,230,000 (~₹11.74 crore), while Sportskeeda Inc. agreed to provide up to USD 517,000 (~₹5.00 crore).

Who is receiving the inter-company loan funds?

The funds are being granted to Nazara Technologies UK Limited, a wholly-owned European subsidiary of Nazara Technologies Limited.

What is the purpose of these unsecured loan facilities?

The borrowing entity will utilize the proceeds in one or more tranches for general corporate purposes, operational activities, and working capital requirements.

Are these transactions subject to shareholder approval?

No, because the loans are between wholly-owned step-down subsidiaries of the listed parent entity, they are exempt under Regulation 23(5)(c) of SEBI LODR Regulations.

Source: Official regulatory filings submitted to BSE Limited and the National Stock Exchange of India Limited by Nazara Technologies Limited on July 30, 2026.