Interim report
Page 1
SAREGAMA India Limited, 33, Jessore Road, Dum Dum, Kolkata - 700 028, India. Tel: +91 33 2551 2984, Fax: +91 33 2550 0817, Web: www.saregama.com CIN: L22213WB1946PLC014346 Email ID: co.sec@saregama.com Date: 4th November, 2026 The Manager, Listing Department, National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 051 Symbol: SAREGAMA The General Manager, The Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 532163 Subject: Outcome of Board Meeting held on 4th November, 2026 Dear Sir/ Madam, Pursuant to Regulations 30, 33 and any other applicable Regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) as amended, we hereby inform you of the outcome of the meeting of the Board of Directors of the Company ( ‘the Board’), at its Meeting held today, i.e., Wednesday, 4 th November, 2026, inter-alia: 1. Approval of Unaudited Financial Results: Considered, approved and took on record the Unaudited Financial Results (Standalone and Consolidated) of the Company, for the quarter and half year ended on 30th September, 2026. A copy of the said Results, along with Limited Review Report issued by the Statutory Auditors of the Company are enclosed as Annexure-A herewith for your record. 2. Closure of Saregama FZE, Dubai, wholly owned subsidiary of the Company: Approved the closure/liquidation/dissolution or deregistration of Saregama FZE, Dubai, a wholly owned subsidiary of the Company, in accordance with the applicable requirements of Jebel Ali Free Zone Authority (JAFZA), United Arab Emirates and other relevant authorities in the United Arab Emirates, subject to compliance with applicable Indian laws, including the Foreign Exchange Management Act, 1999, the applicable Overseas Investment framework, and completion of all requisite regulatory, tax and statutory formalities. The details w.r.t. the above event/disclosure as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 is enclosed as Annexure- B.
Page 2
SAREGAMA India Limited, 33, Jessore Road, Dum Dum, Kolkata - 700 028, India. Tel: +91 33 2551 2984, Fax: +91 33 2550 0817, Web: www.saregama.com CIN: L22213WB1946PLC014346 Email ID: co.sec@saregama.com 3. Approval for voluntary liquidation of Kolkata Metro Networks Limited, a wholly owned subsidiary of the company: Considered and approved the proposal to initiate the voluntary liquidation of Kolkata Metro Networks Limited (“KMNL”), a wholly owned subsidiary of the Company, pursuant to Section 59 and other applicable provisions of the Insolvency and Bankruptcy Code, 2016, read with the rules and regulations made thereunder, subject to approval of the shareholders of KMNL and completion of other applicable statutory and regulatory requirements. The requisite disclosure pursuant to Regulation 30 of the SEBI Listing Regulations read with the applicable SEBI Master Circular is enclosed herewith as Annexure C. The Meeting of the Board of Directors of the Company commenced at 11:00 A.M. and concluded at 12:20 P.M. This information is available on the website of the Company www.saregama.com. You are requested to kindly take the above on record. Yours Faithfully, For SAREGAMA INDIA LIMITED Nayan Kumar Misra Company Secretary and Compliance Officer Membership No: A26243 Encl: As above
Page 3
BSR&Co. LLP sth Floor, Tower i, Plot No, Block - DP Sector V, Salt Lake, Kolkata — 700091 Chartered Accountants Tel: +91 33 4035 4200 Fax: +91 33 4035 4295 Limited Review Report on unaudited consolidated financial results of Saregama India Limited for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Saregama India Limited 1. 4. We have reviewed the accompanying Statement of unaudited consolidated financial results of Saregama India Limited (hereinafter referred to as “the Parent’), and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”) and its share of the net profit after tax and total comprehensive income of its associate for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 (the Statement’) (in which are included interim financial information of its employee welfare trusts), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “interim Financial Reporting’ (‘Ind AS 34’), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. The Statement includes the results of the following entities: Parent : Saregama India Limited Subsidiaries : a. Kolkata Metro Networks Limited (wholly owned subsidiary) b. RPG Global Music Limited (wholly owned subsidiary) . Saregama Limited (formerly known as Saregama Plc.) (Subsidiary) . Saregama Inc. (step - down subsidiary of Saregama India Limited) c d. Saregama FZE (wholly owned subsidiary) e f. Pocket Aces Pictures Private Limited (Subsidiary) g. Finnet Media Private Limited (step - down subsidiary of Saregama India Limited) h. Saregama Performing Arts & Music Festivals L.L.C S.O.C (wholly owned subsidiary) i. Bhansali Productions Private Limited (Associate) Registered Office: BSR &Co. (a parinership firm with Registration No. BA61223) converled inlo BS R & Co. LLP (a 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from Oclober 14,2013 Center, Weslem Express Highway, Goregaon (East}, Mumbai - 400063 Page 1 of 2 ANNEXURE-A
Page 4
BSR &Co. LLP Limited Review Report (Continued) Saregama India Limited J. Saregama Welfare Trust k. Pocket Aces Employee Benefit Trust 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The Statement includes the interim financial information of seven subsidiaries (including two step- down subsidiaries) which have not been reviewed, whose interim financial information reflect total assets (before consolidation adjustments) of Rs. 16,534 lakhs as at 30 September 2026 and total revenues (before consolidation adjustments) of Rs. 2,094 lakhs and Rs. 4,515 lakhs, total net profit after tax (before consolidation adjustments) of Rs. 12 lakhs and Rs. 309 lakhs and total comprehensive income (before consolidation adjustments) of Rs. 20 lakhs and Rs. 280 lakhs for the quarter ended 30 September 2026 and for the period from 01 April 2026 to 30 September 2026 respectively, and cash inflows (net) (before consolidation adjustments) of Rs. 1,310 lakhs for the period from 1 April 2026 to 30 September 2026. as considered in the Statement. The Statement also includes the Group’s share of net profit after tax of Rs. 399 lakhs and Rs. 278 lakhs and total comprehensive income of Rs. 399 lakhs and Rs. 278 lakhs, for the quarter ended 30 September 2026 and for the period from 01 April 2026 to 30 September 2026 respectively as considered in the Statement, in respect of one associate, based on its interim financial information which have not been reviewed. According to the information and explanations given to us by the Parent's management, these interim financial information are not material to the Group. Our conclusion is not modified in respect of this matter. ForBSR& Co. LLP Chartered Accountants Firm's Registration No.:101248W/W-100022 D eeno Mohnl- Seema Mohnot Partner Mumbai Membership No.: 060715 04 November 2026 UDIN: 2.6 OGOF1\SVERLYD A020 Page 2 of 2
Page 5
3 Months ended 30 September 2026 3 Months ended 30 June 2026 3 Months ended 30 September 2025 6 Months ended 30 September 2026 6 Months ended 30 September 2025 Year ended 31 March 2026 (Unaudited) (Unaudited)( Unaudited) (Unaudited) (Unaudited)( Audited) 1 Income (a) Revenue from operations (Refer Note 4) 31,430 26,360 23,003 57,790 43,680 98,462 (b) Other income 517 421 1,147 938 2,570 4,227 Total Income 31,947 26,781 24,150 58,728 46,250 1,02,689 2 Expenses (a) Operational cost* 11,851 8,144 7,995 19,995 15,471 31,777 (b) Employee benefits expense 3,367 2,747 2,958 6,114 5,471 10,902 (c) Finance costs 132 217 113 349 211 544 (d) Depreciation and amortisation expense 2,404 2,364 1,901 4,768 3,650 8,155 (e) Advertisement and sales promotion 1,379 1,709 1,220 3,088 2,686 6,120 (f) Royalty expense 1,832 1,745 1,894 3,577 3,418 6,338 (g) Other expenses 2,804 2,683 2,059 5,487 4,228 9,650 Total Expenses 23,769 19,609 18,140 43,378 35,135 73,486 3 Profit before share of profit of associates and exceptional items (1-2) 8,178 7,172 6 ,010 15,350 11,115 29 ,203 4 Share of net profit / (loss) of associate accounted for using the equity method 399 (121) - 278 - 58 5 Exceptional Items (Refer Note 7) - - - (853) 6 8,577 7,051 6,010 15,628 11,115 28,408 7 Tax Expense (a) Current Tax 1,655 1,831 1 ,205 3,486 2,693 7 ,053 (b) Deferred Tax (net) 505 32 422 537 388 733 Total tax expense 2,160 1,863 1,627 4,023 3,081 7,786 8 Profit for the period (6-7) 6,417 5,188 4,383 11,605 8,034 20,622 9 Other Comprehensive Income A (i) Items that will be reclassified to profit or loss 9 (38) 28 (29) 32 (1) (ii) Income tax relating to items that will be reclassified to profit or loss - - - - B (i) Items that will not be reclassified to profit or loss (Refer Note 8) 57 1,263 (19) 1,320 (35) (4) (ii) Income tax relating to items that will not be reclassified to profit or loss (15) (180) 5 (195) 9 4 Total other comprehensive income 51 1,045 14 1,096 6 (1) 10 Total comprehensive income for the period (8+9) 6,468 6,233 4,397 12,701 8,040 20,621 11 Profit for the period attributable to: (a) Owner of the Company 6,460 5,156 4,376 11,616 8,042 20,707 (b) Non-controlling Interest (42) 32 7 (10) (8) (85) 12 Other Comprehensive Income for the period attributable to: (a) Owner of the Company 49 1,055 8 1,104 (3) (1) (b) Non-controlling Interest 2 (10) 6 (8) 9 - 13 Total Comprehensive Income for the period attributable to: (a) Owner of the Company 6,509 6,211 4,384 12,720 8,039 20,706 (b) Non-controlling Interest (40) 22 13 (18) 1 (85) 14 Paid-up Equity Share Capital (Face Value of Re.1/- each) (Refer Note 3) 1,928 1,928 1,928 1,928 1,928 1,928 15 Other equity - - - - - 1,67,340 16 Earnings Per Share (Face Value Re.1/- each):# (Refer Note 3) (a) Basic (Rs.) 3.37 2.69 2.28 6.05 4.18 10.73 (b) Diluted (Rs.) 3.36 2.69 2.28 6.05 4.17 10.73 * includes media content cost, contract manufacturing charges and cost of production of films, television serials and events #Figures for three months and six months are not annualised. (Rs. in Lakhs) Statement of Unaudited Consolidated Financial Results for the Three Months and Six Months Ended 30 September 2026 Sl. No. Particulars Profit before tax (3+4+5) Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346
Page 6
3 Months ended 30 September 2026 3 Months ended 30 June 2026 3 Months ended 30 September 2025 6 Months ended 30 September 2026 6 Months ended 30 September 2025 Year ended 31 March 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenue (a) Music 20,070 18,460 16,012 38,530 30,340 68,352 (b) Artist Management 5,055 4,602 2,588 9,657 4,862 13,087 (c) Video 1,833 1,696 2,181 3,529 5,746 10,841 (d) Events 4,472 1,602 2,222 6,074 2,732 6,183 Total segment revenue 31,430 26,360 23,003 57,790 43,680 98,462 Less: Inter Segment Revenue - - - - - - Total Revenue from Operations (Refer Note 4) 31,430 26,360 23,003 57,790 43,680 98,462 2 Segment Results (a) Music 11,121 9,487 7,752 20,608 15,218 36,409 (b) Artist Management 530 476 224 1,006 382 1,270 (c) Video (320) (434) 137 (754) (511) 151 (d) Events (284) (1) (152) (285) (433) (711) Total 11,047 9,528 7,961 20,575 14,656 37,119 Less: (a) Finance costs 132 217 113 349 211 544 (b) Other unallocable expenditure net of unallocable income 2,737 2,139 1,838 4,876 3,330 7,372 Profit before exeptional items and tax 8,178 7,172 6,010 15,350 11,115 29,203 399 (121) - 278 - 58 - - - - - (853) Total Profit Before Tax 8,577 7,051 6,010 15,628 11,115 28,408 3 Segment Assets (a) Music 1,15,644 1,14,430 1,01,985 1,15,644 1,01,985 1,09,981 (b) Artist Management 5,737 5,097 2,793 5,737 2,793 4,794 (c) Video 20,629 22,018 23,384 20,629 23,384 22,729 (d) Events 7,953 5,781 2,013 7,953 2,013 1,773 (e) Unallocated 94,166 93,518 95,862 94,166 95,862 92,919 Total Segment Assets 2,44,129 2,40,844 2,26,037 2,44,129 2,26,037 2,32,196 4 Segment Liabilities (a) Music 36,241 34,299 41,220 36,241 41,220 28,789 (b) Artist Management 4,834 4,365 2,013 4,834 2,013 3,927 (c) Video 1,618 1,658 2,144 1,618 2,144 3,332 (d) Events 3,376 1,247 1,934 3,376 1,934 2,216 (e) Unallocated 15,753 23,533 12,292 15,753 12,292 24,411 Total Segment Liabilities 61,822 65,102 59,603 61,822 59,603 62,675 Less: Exceptional items (Refer Note 8) (Rs. in Lakhs) Consolidated Segment wise Revenue, Results, Assets and Liabilities for the Three Months and Six Months Ended 30 September 2026 Sl. No. Particulars Share of net profit of associate accounted for using the equity method Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346
Page 7
(Rs. in Lakhs) As at 30 September 2026 As at 31 March 2026 (Unaudited) (Audited) ASSETS 1 Non-current assets (a) Property, plant and equipment 23,422 22,199 (b) Right-of-use assets 125 181 (c) Investment property 195 197 (d) Goodwill 29,392 29,392 (e) Other intangible assets 52,068 51,151 (f) Intangible assets under development - - (g) Investment accounted for using the equity method 31,352 31,074 (h) Financial assets (i) Other financial assets 2,745 3,025 (i) Deferred tax assets (net) 59 292 (j) Other non-current assets 7,262 5,433 Total non-current assets 1,46,620 1,42,944 2 Current assets (a) Inventories 24,442 24,343 (b) Financial assets (i) Investment 9,021 6,782 (ii) Trade receivables 20,277 17,692 (iii) Cash and cash equivalents 4,359 2,817 (iv) Bank balances other than (iii) above 10,413 12,110 (v) Loans 1,894 1,886 (vi) Other financial assets 11,822 11,475 (c) Current tax assets (net) 2,805 2,915 (d) Other current assets 12,476 9,232 Total current assets 97,509 89,252 TOTAL ASSETS 2,44,129 2,32,196 EQUITY AND LIABILITIES 1 Equity (a) Equity share capital 1,928 1,928 (b) Other equity 1,80,144 1,67,340 Equity Attributable to Owners of the Company 1,82,072 1,69,268 Non-controlling interest 235 253 Total Equity 1,82,307 1,69,521 Liabilities 2 Non-current liabilities (a) Financial liabilities (i) Borrowings - 945 (ii) Lease liabilities 79 79 (iii) Other financial liabilities 2,474 3,526 (b) Provisions 957 927 (c) Deferred tax liabilities (net) 6,876 6,170 Total non-current liabilities 10,386 11,647 3 Current liabilities (a) Financial liabilities (i) Borrowings 875 6,093 (ii) Lease liabilities 70 141 (iii) Trade payables a) Total outstanding dues of micro enterprises and small enterprises 509 2,070 b) Total outstandin g dues of creditors other than micro enterprises and small enterprises 16,338 13,688 (iv) Other financial liabilities 8,524 14,921 (b) Other current liabilities 16,710 6,108 (c) Provisions 8,278 7,681 (d) Current tax liabilities (net) 132 326 Total current liabilities 51,436 51,028 Total liabilities 61,822 62,675 TOTAL EQUITY AND LIABILITIES 2,44,129 2,32,196 Consolidated Balance Sheet Sl. No. Particulars Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346
Page 8
(Rs. in Lakhs) A. Cash Flow from Operating Activities Profit Before Tax 15,628 11,115 Adjustments for: Depreciation and amortisation expense 4,768 3,650 Allowance for expected credit loss/ provision for doubtful advances 1,176 (74) Finance costs 349 211 Liabilities/Provisions no longer required written back (171) (388) Interest income (465) (1,668) Share based payment expense 28 133 Bad debts/advances written off 98 261 (Profit)/ Loss on sale of Property, plant and equipment - (1) Fair value on account of deferred consideration (23) - Gain on sale/ fair valuation of current investments (net) (132) (385) Net profit on unrealised foreign currency transactions (23) (32) Share of profit of associate accounted for using the equity method (278) - 5,327 1,707 Operating profit before Working Capital Changes 20,955 12,822 Adjustments for: (3,459) (12,369) Increase in Other financial liabilities, Provisions, Other current liabilities 11,423 4,261 Increase/ (Decrease) in Trade payables 1,260 (277) (Increase) / Decrease in Trade receivables (3,836) 1,044 (Increase)/ Decrease in Inventories (99) 110 5,289 (7,231) Cash generated from operations 26,244 5,591 Income taxes paid (net of refund) (3,571) (2,966) Net cash generated from Operating Activities (A) 22,673 2,625 B. Cash Flow from Investing Activities Purchase of Property, plant and equipment and intangible assets (12,741) (12,239) Sale of Property, plant and equipment - 1 Consideration paid for business combination (2,005) (194) Interest received 564 2,069 Investment in Mutual Funds (23,000) (22,533) Proceeds from sale of Investment in Mutual Funds 20,894 16,474 Fixed deposits matured with banks (with maturity more than 3 months) 1,574 9,788 Net cash (used in)/ generated from Investing Activities (B) (14,714) (6,634) C. Cash Flow from Financing Activities Repayment of Borrowings (6,163) - Proceeds from Short Term Borrowings - 100 Purchase of shares by Saregama Welfare Trust (Treasury Shares) (net) - (399) Repayment of principal portion of lease liabilities (88) (62) Interest paid on lease liabilities (12) (17) Interest paid on others (248) (67) Net cash (used in)/ generated from Financing Activities (C) (6,511) (445) Net (decrease)/ increase in cash and cash equivalents (A+B+C) 1,448 (4,455) Cash and Cash Equivalents at the beginning of the period 2,817 6,939 Effect of exchange rate changes 94 37 Cash and Cash Equivalents at the end of the period 4,359 2,521 Note: The above Consolidated Statement of Cash Flow has been prepared under the "Indirect Method" as set out in Ind AS 7 - "Statement of Cash Flows". Increase in Other current assets, Loans, Other non-current assets Consolidated Statement of Cash Flows Sl. No. Particulars 6 Months ended 30 September 2026 6 Months ended 30 September 2025 (Unaudited) (Unaudited) Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346
Page 9
NOTES: 1 2 3 4 5 6 7 8 9 10 Kolkata 4 November 2026 Managing Director DIN: 03556680 For more details on Results, visit Investor Relations section of our website at http://www.saregama.com and Financial Results under Corporates sec tion of www.nseindia.com and www.bseindia.com. For and on behalf of the Board of Directors of Saregama India Limited Vikram Mehra During the previous year ended 31 March 2026, Pocket Aces Pictures Private Limited ("PAPPL"), one of the subsidiaries of the Parent Company, had acqui red 100.00% equity shares in Finnet Media Private Limited ("FMPL"), a fast-growing digital entertainment company, on 19 November 2025. The results for the three months and six months en ded 30 September 2026, three months ended 30 June 2026 and year ended 31 March 2026 include the impact of the aforesaid transaction with effect from 19 November 2025, and are not comparable with the results for the three months and six months ended 30 September 2025. During the previous year ended 31 March 2026, the Parent Company had acquired 9,960 Compulsory Convertible Preference Shares (CCPS) in Bhansali Prod uctions Private Limited ("BPPL"), a company engaged in the business of film and content production. The Paren t Company had completed its acquisition of the aforesaid securities on 30 Jan uary 2026. The results for the three months and six months ended 30 September 2026, three months ended 30 June 2026 and year ended 31 March 2026 include the impact of the aforesaid transacti on with effect from 30 January 2026, and are not comparable with the results for the three months and six months ended 30 September 2025. On 21 November 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on So cial Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 hitherto existing labour laws. The Ministry of Labour & Employment has published Rules and FAQs to enable assessment of the financial impact of these regulatory changes. The Group had assessed and disclosed the incremental impact of Rs. 853 lakhs for the ye ar ended 31 March 2026 as an "Exceptional item" in the consolidated financial results for the previous year ended 31 March 2026. The Parent Company adopted Revaluation model for land at time of transition to Ind AS. Accordingly, Parent Company’s land was revalued during the quar ter ended 30 June 2026 by registered independent valuer using market approach. The resultant incremental value amounting to Rs. 1,263 lakhs has been shown under Other Comprehensive Inc ome for the three months ended 30 June 2026 and six months ended 30 September 2026. The corresponding tax impact has also been charged through Other Comprehensive Inc ome. The Nomination and Remuneration Committee of the Board of Directors of the Parent Company at its meeting held on 30 September 2026 has approved the gran t of 10,50,000 options to an eligible employee of the Parent Company under the Saregama Employee Stock Option Scheme 2013. The share-based payment expense in respect of the said g rant has been recognised in accordance with Ind AS 102 'Share-based Payment'. The above consolidated financial results for the three months and six months ended 30 September 2026 have been reviewed by the Audit Committee and ther eafter approved and taken on record by the Board of Directors of Saregama India Limited ('Parent Company') in their respective meetings held on 4 November 2026. These consolidated finan cial results have been prepared in accordance with the Indian Accounting Standards ("Ind-AS") as specified under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 and provisions of the Companies Act, 2013. These results have been subjected to limited review by the Statutory Auditors of the Parent Company who have issued an unmodified review report on the consolidated financial results for the three months and six months ended 30 September 2026. The Consolidated financial results are prepared in accordance with the principles and procedures as set out in Ind AS 110, notified by the Ministry of C orporate Affairs. The consolidated financial results of the Company include its eight subsidiaries (including two step-down subsidiaries), i.e. Saregama Limited (formerly known as Saregama Pl c.), RPG Global Music Limited, Saregama FZE, Kolkata Metro Networks Limited, Pocket Aces Pictures Private Limited, Saregama Inc. (Step-down subsidiary of Saregama India Limited), Finnet Media Private Limited (Step-down subsidiary of Saregama India Limited) and Saregama Performing Arts & Music Festivals L.L.C S.O.C, (wholly owned subsidiary) (hereinafter referred to as the "Group"), combined on a line-by- line basis by adding together the book values of like items of assets, liabilities, income and expenses, eliminating intra-group balances and transa ctions and resulting unrealised gains/losses. The Consolidated financial results are prepared applying uniform accounting policies. The Group has one joint venture, i.e. Saregama Regency Optimedi a Private Limited, which is under liquidation with effect from 19 September 2016. Accordingly, this entity has not been cons olidated by the Group. The consolidated financial results also include the share of profit/(loss) of equity accounted investee — Bhansali Productions Private Limited — which is accounted for under the equity method as set out in Ind AS 28 - 'Investments in Associates and Joint Ventures', notified by the Ministry of Corporate Affairs. Out of the 53,38,628 equity shares of Rs.10/- each issued for cash at a premium of Rs.35/- (issue price - Rs.45/-) pursuant to the Rights Issue in 2005, al lotment of 5,290 equity shares of face value Rs.10/- each (relating to cases under litigation / pending clearance from concerned authorities) were in abeyance till 30 September 2026. Thes e shares have now been adjusted on account of sub-division of share done by the Parent Company. (i) The Group’s current business activities are being disclosed under four separate operating segments, e.g. (a) Music (b) Artist Management (c) Video and (d) Events. Segment Revenue, Results, Assets and Liabilities represent amounts identifiable to each of the segments. Other "unallocable expenditure net of una llocable income" mainly includes interest income, expenses on common services not directly identifiable to individual segments and corporate expenses. Segment Assets and Segment Liabilities are as at 30 September 2026, 30 June 2026, 30 September 2025 and 31 March 2026. Unallocable corporate assets les s unallocable corporate liabilities mainly represent investment of surplus funds and cash and bank balances. (ii) Provision of Rs. 987 lakhs has been written back during the year ended 31 March 2026 based on management's best estimate i n the normal course of business. VIKRAM MEHRA Digitally signed by VIKRAM MEHRA Date: 2026.11.04 12:21:28 +05'30'
Page 10
Godrej Waterside, Unit No. 603 B S R & Co. LLP 6th Floor, Tower 1, Plot No 5, Block - DP Sector V, Salt Lake, Kolkata — 700091 Chartered Accountants Tel +91 33 4035 4200 Fax: +91 33 4035 4295 Limited Review Report on unaudited standalone financial results of Saregama India Limited for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Saregama India Limited 1. We have reviewed the accompanying Statement of unaudited standalone financial results of Saregama India Limited (hereinafter referred to as “the Company”) for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 (‘the Statement’) {in which is included interim financial information of its employee welfare trust ("Trust"). 2. This Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “interim Financial Reporting’ (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. ForBSR& Co. LLP Chartered Accountants Firm’s Registration No.:101248W/W-100022 Soom MNoknrot- Seema Mohnot Partner Mumbai Membership No.: 060715 04 November 2026 UDIN: 2606OWSKOVTIKEESSY Registered Office: BSR & Uo. la parthership tm with Registration No. HAB12¥3} converted into 8 $ R & Go. LLP (a 14th Floor, Central 8 Wing and North 6 Wing, Nesco If Park 4, Nesco Limited Liabilily Partnership with LLP Registralion No, AAB-8181) with eHect from October 14, 2013 Center, Westem Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 1
Page 11
(Rs. in Lakhs) 3 Months ended 30 September 2026 3 Months ended 30 June 2026 3 Months ended 30 September 2025 6 Months ended 30 September 2026 6 Months ended 30 September 2025 Year ended 31 March 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income (a) Revenue from operations (Refer Note 3) 25,769 20,825 19,472 46,594 37,207 82,064 (b) Other income 403 354 1,108 757 2,446 3,810 Total Income 26,172 21,179 20,580 47,351 39,653 85,874 2 Expenses (a) Operational cost* 7,273 3,843 5,097 11,116 10,256 18,515 (b) Employee benefits expense 2,584 2,023 2,370 4,607 4,303 8,376 (c) Finance costs 132 151 74 283 111 285 (d) Depreciation and amortisation expense 2,262 2,221 1,782 4,483 3,410 7,639 (e) Advertisement and sales promotion 1,381 1,892 1,192 3,273 2,620 6,304 (f) Royalty expense 1,831 1,748 1,894 3,579 3,418 6,342 (g) Other expenses 2,390 2,268 1,779 4,658 3,746 8,369 Total Expenses 17,853 14,146 14,188 31,999 27,864 55,830 3 Profit before exceptional items and tax (1-2) 8,319 7,033 6,392 15,352 11,789 30,044 4 Exceptional Items (Refer Note 5) - -- - - 853 5 Profit before tax (3-4) 8,319 7,033 6,392 15,352 11,789 29,191 6 Tax Expense (a) Current Tax 1,587 1,763 1,205 3,350 2,614 6,872 (b) Deferred Tax (net) 501 10 422 511 388 814 Total tax expense 2,088 1,773 1,627 3,861 3,002 7,686 7 Profit for the period (5-6) 6,231 5,260 4,765 11,491 8,787 21,505 8 Other Comprehensive Income A (i) Items that will be reclassified to profit or loss - - - - - - (ii) Income tax relating to items that will be reclassified to profit or loss - -- - - - B (i) Items that will not be reclassified to profit or loss (Refer Note 6) 57 1,263 (19) 1,320 (35) (15) (ii) Income tax relating to items that will not be reclassified to profit or loss (15) (180) 5 (195) 9 4 Total other comprehensive income 42 1,083 (14) 1,125 (26) (11) 9 Total comprehensive income for the period (7+8) 6,273 6,343 4,751 12,616 8,761 21,494 10 Paid-up Equity Share Capital (Face Value of Re.1/- each) (Refer Note 2) 1,928 1,928 1,928 1,928 1,928 1,928 11 Other equity 1,67,252 12 Earnings Per Share (Face Value Re.1/- each):# (Refer Note 2) (a) Basic (Rs.) 3.25 2.74 2.48 5.99 4.57 11.19 (b) Diluted (Rs.) 3.24 2.74 2.48 5.98 4.57 11.19 *Includes media content cost, contract manufacturing charges and cost of production of films, television serials and events. #Figures for three months and six months are not annualised. Sl. No. Particulars Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346 Statement of Unaudited Standalone Financial Results for the Three Months and Six Months Ended 30 September 2026
Page 12
(Rs. in Lakhs) 3 Months ended 30 September 2026 3 Months ended 30 June 2026 3 Months ended 30 September 2025 6 Months ended 30 September 2026 6 Months ended 30 September 2025 Year ended 31 March 2026 (Unaudited) (Unaudited)( Unaudited) (Unaudited) (Unaudited)( Audited) 1 Segment Revenue (a) Music 20,069 18,404 15,857 38,473 30,044 67,996 (b) Video 1,253 1,477 1,566 2,730 4,652 8,959 (c) Events 4,447 944 2,049 5,391 2,511 5,109 Total segment revenue 25,769 20,825 19,472 46,594 37,207 82,064 Less: Inter Segment Revenue - - - - - - Total Revenue from Operations (Refer Note 3) 25,769 20,825 19,472 46,594 37,207 82,064 2 Segment Results (a) Music 11,250 9,610 7,658 20,860 15,203 36,688 (b) Video (155) (291) 221 (446) (302) 493 (c) Events (282) (343) 99 (625) (181) (437) Total 10,813 8,976 7,978 19,789 14,720 36,744 Less: (a) Finance costs 132 151 74 283 111 285 (b) Other unallocable expenditure net of unallocable income 2,362 1,792 1,512 4,154 2,820 6,415 Profit before exceptional items and tax 8,319 7,033 6,392 15,352 11,789 30,044 Less: Exceptional Items (Refer Note 5) - - - - - 853 Total Profit Before Tax 8,319 7,033 6,392 15,352 11,789 29,191 3 Segment Assets (a) Music 1,16,970 1,14,421 1,01,791 1,16,970 1,01,791 1,09,671 (b) Video 18,931 20,530 21,723 18,931 21,723 21,118 (c) Events 7,535 6,335 2,494 7,535 2,494 2,090 (d) Unallocated 92,810 88,830 93,397 92,810 93,397 91,962 Total Segment Assets 2,36,246 2,30,116 2,19,405 2,36,246 2,19,405 2,24,841 4 Segment Liabilities (a) Music 36,542 33,970 40,788 36,542 40,788 28,219 (b) Video 859 901 1,464 859 1,464 2,727 (c) Events 2,173 816 2,190 2,173 2,190 2,064 (d) Unallocated 14,775 18,919 9,011 14,775 9,011 22,651 Total Segment Liabilities 54,349 54,606 53,453 54,349 53,453 55,661 Sl. No. Particulars Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346 Standalone Segment wise Revenue, Results, Assets and Liabilities for the Three Months and Six Months Ended 30 September 2026
Page 13
(Rs. in Lakhs) As at 30 September 2026 As at 31 March 2026 (Unaudited) (Audited) ASSETS 1 Non-current assets (a) Property, plant and equipment 23,310 22,059 (b) Right-of-use assets 15 - (c) Investment properties 195 197 (d) Intangible assets 50,334 49,233 (e) Financial assets (i) Investments 66,443 65,147 (ii) Other financial assets 2,736 3,017 (f) Other non-current assets 7,239 5,409 Total non-current assets 1,50,272 1,45,062 2 Current assets (a) Inventories 23,248 23,435 (b) Financial assets (i) Investments 8,886 6,570 (ii) Trade receivables 13,272 13,960 (iii) Cash and cash equivalents 1,343 1,110 (iv) Bank balances other than (iii) above 9,303 11,119 (v) Loans 1,891 1,880 (vi) Other financial assets 11,752 11,374 (c) Current tax assets (net) 1,779 2,263 (d) Other current assets 14,500 8,068 Total current assets 85,974 79,779 TOTAL ASSETS 2,36,246 2,24,841 EQUITY AND LIABILITIES 1 Equity (a) Equity share capital 1,928 1,928 (b) Other equity 1,79,969 1,67,252 Total Equity 1,81,897 1,69,180 Liabilities 2 Non-current liabilities (a) Financial liabilities (i) Lease liabilities 15 - (ii) Borrowings - 945 (iii) other financial liabilities 1,013 1,699 (b) Provisions 794 771 (c) Deferred tax liabilities (net) 6,872 6,167 Total non-current liabilities 8,694 9,582 3 Current liabilities (a) Financial liabilities (i) Borrowings 3,032 8,578 (ii) Trade payables a) Total outstanding dues of micro enterprises and small enterprises 56 1,699 b) Total outstanding dues of creditors other than micro enterprises and small enterprises 11,817 10,323 (iii) Other financial liabilities 6,837 12,918 (b) Other current liabilities 15,676 4,945 (c) Provisions 8,237 7,616 Total current liabilities 45,655 46,079 Total liabilities 54,349 55,661 TOTAL EQUITY AND LIABILITIES 2,36,246 2,24,841 Standalone Balance Sheet Sl. No. Particulars Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346
Page 14
(Rs. in Lakhs) A. Cash Flow from Operating Activities Profit Before Tax 15,352 11,789 Adjustments for: Depreciation and amortisation expense 4,483 3,410 Allowance for expected credit loss 890 5 Finance costs 283 111 Liabilities/Provisions no longer required written back (25) (388) Interest income (429) (1,609) Share based payment expense 25 123 Fair value gain on valuation of Derivative Liability (23) - Receivables/ advances written off 87 261 Profit on sale of Investment in Mutual Fund - (848) Fair value (gain)/ loss on Mutual Fund at FVTPL (112) 518 Net loss/ (gain) on unrealised foreign currency transactions (23) 10 5,156 1,593 Operating profit before Working Capital Changes 20,508 13,382 Adjustments for: (6,715) (11,728) Increase in Other financial liabilities, Provisions, Other current liabilities 11,006 4,518 Decrease in Trade payables (124) (483) (Decrease)/ Increase in Trade receivables (265) 1,017 Increase in Inventories 186 13 4,088 (6,663) Cash generated from operations 24,596 6,719 Income taxes paid (net of refund) (2,869) (3,195) Net cash generated from Operating Activities (A) 21,727 3,524 B. Cash Flow from Investing Activities Purchase of Property, plant and equipment and intangible assets (12,738) (12,215) Investment in shares of subsidiary (2,005) (194) Interest received 562 2,010 Investment in Mutual Funds (20,000) (19,843) Proceeds from sale of Investment in Mutual Funds 17,796 13,620 Proceeds from maturity of Fixed deposits (with remaining maturity more than 3 months) 1,660 9,157 Net cash used in Investing Activities (B) (14,725) (7,465) C. Cash Flow from Financing Activities Repayment of Short term borrowings (6,522) - Loan taken from Subsidiary Company 3,000 2,600 Loan repaid to Subsidiary Company (3,000) (2,600) ` Purchase of Investment by Saregama Welfare Trust (Treasury Shares) (net) - (399) Interest paid on lease liabilities* - - Repayment of principal portion of lease liabilities (2) - Interest paid on others (245) (111) Net cash used in Financing Activities (C) (6,769) (510) Net increase/ (decrease) in cash and cash equivalents (A+B+C) 233 (4,451) Cash and Cash Equivalents at the beginning of the period 1,110 5,383 Cash and Cash Equivalents at the end of the period 1,343 932 *Represents value of less than Rs. 0.50 Lakh. Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346 Increase in Other current assets, Loans, Other non-current assets, Other financial assets Standalone Statement of Cash Flows Sl. No. Particulars 6 Months ended 30 September 2026 6 Months ended 30 September 2025 (Unaudited) (Unaudited)
Page 15
NOTES: 1 2 3 4 5 6 7 8 Kolkata 4 November 2026 The above standalone financial results for the three months and six months ended 30 September 2026 have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their respective meetings held on 4 November 2026. These standalone financial results have been prepared in accordance with the Indian Accounting Standards ("Ind-AS") as specified under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indi an Accounting Standards) Amendment Rules, 2016 and provisions of the Companies Act, 2013. These results have been subjected to limited review by the Statutory Auditors of the Company who have issued an unmodified review report on the standalone financial results for the three months and six months ended 30 September 2026. Out of the 53,38,628 equity shares of Rs.10/- each issued for cash at a premium of Rs.35/- (issue price - Rs.45/-) pursuant to the Rights Issue in 2005, al lotment of 5,290 equity shares of face value Rs.10/- each (relating to cases under litigation / pending clearance from concerned authorities) were in abeyance till 30 September 2026. These shar es have now been adjusted on account of sub- division of share done by Company. (i) The Company's current business activities are being disclosed under three separate operating segments, e.g. (a) Music, (b) Video and (c) Events. Segment Revenue, Results, Assets and Liabilities represent amounts identifiable to each of the segments. Other "unallocable expenditure net of unallocable income" mainly includes interest income, expenses on common services not directly identifiable to individual segments and corporate expenses. Segment Assets and Segment Liabilities are as at 30 September 2026, 30 June 2026, 30 September 2025 and 31 March 2026. Unallocable corporate assets less unallocable corporate liabilities mainly represent investment of surplus funds and cash and bank balances. (ii) Provision of Rs. 987 lakhs has been written back during the year ended 31 March 2026 based on management's best estimate in the normal course of business. During the current quarter, on 24 July 2026, the Company has acquired 35,635 shares in in Pocket Aces Pictures Private Limited ("PAPPL") against commitment from the remaining shareholders for a consideration of Rs. 2,005 lakhs, resulting in an increase in its shareholding in PAPPL to 95.76% On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on S ocial Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidat ing 29 hitherto existing labour laws. The Ministry of Labour & Employment published Rules and FAQs to enable assessment of the financial impact due to these changes in regulations. The Company had assessed and disclosed the incremental impact of Rs. 853 lakhs for the year ended 31 March 2026 as an "Exceptional item" in the standalone financial results for the previous year ended 31 March 2026. The Company adopted Revaluation model for land at time of transition to Ind AS. Accordingly, Company’s land was revalued during the quarter ended 30 June 2026 by registered independent valuer using market approach. The resultant incremental value amounting to Rs. 1,263 lakhs has been shown under Other Comprehensive Income for the three mon ths ended 30 June 2026 and six months ended 30 September 2026. The corresponding tax impact has also been charged through Other Comprehensive Income. The Nomination and Remuneration Committee of the Board of Directors at its meeting held on 30 September 2026 has approved the grant of 10,50,000 option s to an eligible employee of the Company under the Saregama Employee Stock Option Scheme 2013. The share-based payment expense in respect of the said grant has been recognised in acco rdance with Ind AS 102 'Share-based Payment'. For more details on Results, visit Investor Relations section of our website at http://www.saregama.com and Financial Results under Corporates section of www.nseindia.com and www.bseindia.com. For and on behalf of the Board of Directors of Saregama India Limited Vikram Mehra Managing Director DIN: 03556680 VIKRAM MEHRA Digitally signed by VIKRAM MEHRA Date: 2026.11.04 12:22:06 +05'30'
Page 16
SAREGAMA India Limited, 33, Jessore Road, Dum Dum, Kolkata - 700 028, India. Tel: +91 33 2551 2984, Fax: +91 33 2550 0817, Web: www.saregama.com CIN: L22213WB1946PLC014346 Email ID: co.sec@saregama.com ANNEXURE - B Details as required pursuant to Schedule III of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 Closure of Saregama FZE, Dubai, wholly owned subsidiary of the company: Particulars Details a) Date of such binding agreement, if any, entered for sale of such unit/division, if any; Not Applicable, as the proposed Closure of Saregama FZE does not involve the sale of the unit/division. b) Amount & percentage of turnover or revenue or income and net worth of the listed entity contributed by such unit or division during the last financial year; The turnover of Saregama FZE, Dubai, for the financial year ended 31st March, 20 26, was ₹647.87 lakhs, representing approximately 0.66% of the Consolidated revenue from operations of the Company. The net worth of Saregama FZE, Dubai, as at 31st March, 2026, was ₹ 85.36 lakhs, representing approximately 0.05% of the Consolidated net worth of the Company. c) Date of closure or estimated time of closure. The closure of Saregama FZE, Dubai, is expected to be completed by 31st March, 2027, subject to completion of applicable statutory and regulatory formalities , and receipt of necessary approvals from the JAFZA Authority and other relevant authorities. d) Reasons for closure. Saregama FZE presently has no ongoing business operations. The closure is proposed to eliminate recurring administrative, regulatory and op erational costs associated with maintaining the entity. Saregama FZE is not a material subsidiary of the Company and its closure is not expected to have any material impact on the business operations of the Company.
Page 17
SAREGAMA India Limited, 33, Jessore Road, Dum Dum, Kolkata - 700 028, India. Tel: +91 33 2551 2984, Fax: +91 33 2550 0817, Web: www.saregama.com CIN: L22213WB1946PLC014346 Email ID: co.sec@saregama.com ANNEXURE – C Details as required pursuant to Schedule III of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 Voluntary liquidation of Kolkata Metro Networks Limited, a wholly owned subsidiary of the company Particulars Details a) Details and reasons for restructuring b) Quantitative and/or qualitative effect of restructuring The Company proposes to undertake an intra -group restructuring involving Kolkata Metro Networks Limited (“KMNL”), its wholly owned subsidiary. Having evaluated the operational and commercial rationale for continuing KMNL as a separate legal entity, the Company has determined that its continued existence is no longer commercially or operationally necessary. Accordingly, KMNL is proposed to be voluntarily liquidated pursuant to Section 59 of the Insolvency and Bankruptcy Code, 2016 and applicable regulations thereunder, subject to requisite approvals and co mpletion of applicable statutory and regulatory formalities. KMNL is not a material subsidiary and the Voluntary Liquidation will not have any material impact on the consolidated financials of the Company. a) Amount & percentage of turnover or revenue or income and net worth of the listed entity contributed by such unit or division during the last financial year; KMNL's turnover for the financial year ended 31 st March, 2026 was ₹294.33 lakh s, representing approximately 0.36% of the standalone revenue from operations of the Company. Its net worth as at 31st March, 2026 was ₹3,520.73 lakhs, representing approximately 2.08% of the standalone net worth of the Company. b) Date of closure or estimated time of liquidation. The voluntary liquidation process will commence on receipt of approval of Shareholders of KMNL to be obtained in the meeting to be held on 20 th November, 2026 (subject to the creditors approvals) as prescribed under Section 59 of the Insolvency and Bankruptcy Code, 2016 and the applicable regulations. KMNL shall be dissolved upon completion of the voluntary liquidation process and passing of the requisite dissolution order by the Hon'ble National Company Law Tribunal.
Page 18
SAREGAMA India Limited, 33, Jessore Road, Dum Dum, Kolkata - 700 028, India. Tel: +91 33 2551 2984, Fax: +91 33 2550 0817, Web: www.saregama.com CIN: L22213WB1946PLC014346 Email ID: co.sec@saregama.com c) Consideration received from such Liquidation/ sale/disposal Not Applicable d) Brief details of change in shareholding pattern (if any) of all entities • Upon dissolution of KMNL pursuant to the order of Hon’ble NCLT, the shares held by the Company in KMNL will get cancelled. • There is no change in the shareholding pattern of the Company pursuant to the aforesaid intra -group restructuring. e) Other Disclosures a) Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length” - Not applicable b) Brief details of buyers and whether any of the buyers belong to the promoter/promoter group/group companies. If yes, details thereof - Not applicable. c) Details of benefit, if any, to the promoter/promoter group/group companies from such proposed restructuring – None. d) Date on which the agreement for sale has been entered into - Not applicable. e) Whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of SEBI Listing Regulations - Not Applicable. f) In case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale - Not applicable.