Nazara Founder Steps Down as MD

Nazara Technologies announced a leadership reshuffle where founder Nitish Mittersain stepped down as managing director to become a non-executive director. Caratlane founder Mithun Sacheti was elevated to executive whole-time director for five years. CFO Rakesh Shah resigned on October 15, while the company reported a net loss of ₹82.5 Cr on operating revenue of ₹428.8 Cr in Q1 FY27.