With reference to the GST Council’s decision to levy a 28% goods and services tax (GST) on online gaming, Nazara Technologies has informed that this tax, once implemented, will apply only to the skill-based real money gaming segment of its business. The contribution of this segment to its overall consolidated revenues for the financial year FY23 was 5.2%. To the extent required, the Company will proactively take steps to mitigate any potential impact to this segment of its business, and the company anticipate minimal impact to its overall revenues. The company remains committed to its growth agenda and will continue to pursue organic and inorganic opportunities across various segments in which it operates.
The above information is a part of company’s filings submitted to BSE.
