Overview

• Gameskraft announced job cuts across teams and said benefits include severance, leave encashment on total salary, and group health insurance extended until March 2026.
• The move follows Parliament’s Promotion and Regulation of Online Gaming Act, 2025, which prohibits online money games and has triggered sectorwide workforce reductions.
• Separately, an FIR registered on September 9 accuses former Group CFO Ramesh Prabhu of diverting company funds into personal F&O trading, after a March 5 email in which he admitted misuse and estimated losses above Rs 250 crore.
• A fact-finding review cited in the FIR identified unauthorised transactions of about Rs 231.39 crore between FY20 and FY25, leading to a FY25 write-off of Rs 270.43 crore and contributing to a net profit decline to Rs 706 crore.
• The FIR alleges Prabhu used a company RBL Bank account he controlled, falsified records including fake mutual fund statements, and remains untraceable as police consider transferring the case to the CID and issuing a look-out circular.