Nazara Technologies Director Mithun Padam Sacheti appointed
Nazara Technologies (NAZARA) said Mithun Padam Sacheti, Director, has been appointed; and Rohit Sharma has resigned. The company is valued at about ₹14,528 crore.
What happened
In a filing with the BSE on 12 October 2026 at 06:23 PM, Nazara Technologies (NAZARA) said that Mithun Padam Sacheti, Director, has been appointed; and Rohit Sharma has resigned.
From the filing: "Sacheti shall, in his capacity as Executive Director, oversee strategic initiatives and such operational responsibilities as may be assigned to him by the Board from time to time. ➢ The Board took note of the resignation of Mr."
Company snapshot
Nazara Technologies is a small-cap company in the Media Entertainment & Publication sector, with a market value of about ₹14,528 crore.
The stock last traded at ₹377.7, against a 52-week range of ₹215.7–₹401.9 (6.0% below the high).
Before this filing the shares had moved +0.9% over the month and +22.9% over three months. Average daily turnover over the last 20 sessions was about ₹57.83 crore.
Promoters held 33.98% at the end of Q2 FY27, down 0.08% points from the previous quarter; 86.97% of promoter shares were pledged. Foreign institutions owned 15.52% and domestic institutions 2.47%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 499 | 53.5 | 7.73 |
| Q2 FY26 | 526 | -29.4 | -0.85 |
| Q3 FY26 | 406 | 9.8 | 0.27 |
| Q4 FY26 | 398 | 47 | 1.27 |
| Q1 FY27 | 429 | -79.9 | -2.16 |
What history shows
This is not the company's first management change disclosure: BCEIE has 6 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 2.8% on average the next trading day and was up 4.3% on average after five days (6 filings with price data).
Across 6 similar disclosures by other Media Entertainment & Publication companies, shares moved −0.3% on average the next day and +3.6% over five days; 50% of them rose the next day.
Market-wide, 3,919 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 16 Sept 2026 | Management change | +5.2% | +6.7% |
| 4 Aug 2026 | Resignation of Director/KMP/SMP | +1.0% | +0.8% |
| 3 Aug 2026 | Management change | +2.7% | +4.7% |
| 3 Aug 2026 | Management change | +2.7% | +4.7% |
| 3 Aug 2026 | Management change | +2.7% | +4.7% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- Nazara Technologies (NSEI:NAZARA) Stock Forecast & Analyst Predictions
- Nazara Technologies Ltd. 52 Week High Streak and Valuation
- Nazara Technologies (NAZARA.NS) Slides Over 2% to ₹384.9 as Traders Watch ₹365 Support Zone - Trade Entry Signals
- Nazara Technologies Share Price Today After One-Year High
- Nazara Technologies Share Price after one-year high move
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.