Saregama India Limited has appointed Mr. Nayan Kumar Misra as its new Nodal Officer under the Investor Education and Protection Fund Authority (IEPF) Rules, 2016. The appointment took effect from March 24, 2026, as communicated to the stock exchanges on March 25, 2026.

Leadership Transition

The appointment follows the resignation of Mr. Pankaj Mahesh Chaturvedi, who previously served as the company's Chief Financial Officer and Nodal Officer. The Board of Directors approved Mr. Misra's appointment through a duly passed resolution to ensure continuity in regulatory compliance.

Role and Responsibilities

As the newly appointed Nodal Officer, Mr. Misra will be responsible for verification of claims and coordination with the Investor Education and Protection Fund Authority. This appointment ensures compliance with Rule 7 (2A) of the IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016.

Regulatory Compliance

The company has fulfilled its obligation to inform the stock exchanges about this key appointment. Saregama India Limited has also made this information available on its official website at www.saregama.com , ensuring transparency with stakeholders and investors.

Mr. Misra brings his experience as Company Secretary & Compliance Officer to his new role, maintaining the company's commitment to regulatory adherence and investor protection under the IEPF framework.

Saregama India delivered a strong Q3FY26 performance with operating revenue reaching INR 260 crores and operating PBT of INR 76.5 crores. The quarter included a one-time non-cash exceptional item of INR 7 crores related to the new Labour Code implementation, resulting in a reported profit of INR 69.5 crores after adjusting for this impact.

Music Segment Performance

The music vertical demonstrated exceptional growth of 29% year-on-year during Q3FY26, marking a significant acceleration from previous quarters. This growth was primarily attributed to strategic new content releases across Hindi and regional languages, combined with the elimination of the Airtel Wynk revenue impact from the previous year's denominator.

Content Releases and Market Success

The quarter's standout performance was driven by the super successful Hindi film Dhurandhar, which achieved the remarkable distinction of having all 11 songs featured on Spotify India Charts. The film's biggest track "Gehra Hua" currently holds the number one position on Spotify India Charts, while "Shararat" ranks as the global number one song on YouTube.

Other prominent releases included:

• Tu Meri Main Tera Main Tera Tu Meri from Dharma Productions in Hindi
• The Devil starring Darshan in Kannada
• Zat Pat Pata Pat featuring Pocket Aces artist Danny Pandit in Marathi
• Circle by Amanraj Gill in Haryanvi language

The company released over 1,100 original and premium recreations across multiple languages including Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi, Bengali, Chhattisgarhi, and Odia.

Strategic Investments and Partnerships

Bhansali Productions Investment

Saregama made a strategic minority investment in Bhansali Productions, structured with valuation linked to financial performance over the next three years. This arrangement provides exclusive access to marquee Hindi film music at pre-agreed cost structures, eliminating bidding processes and ensuring long-term cost optimization.

Content Investment Strategy

The company's content spend for the current year is projected between INR 275 crores to INR 300 crores, reduced from earlier plans due to film release postponements. Major productions including Sanjay Leela Bhansali's "Love & War" and Telugu superstar Nani's "Paradise" have been pushed to the next financial year.

Technology and Innovation

Saregama has implemented generative AI video generation tools for creating music videos for older catalogue songs. This technological advancement has significantly reduced production timelines from 10-12 days to less than 3 days, with expectations of further reduction to 1-1.5 days within a year.

Artist Management Expansion

The artist management vertical added 60 new artists during the quarter, bringing the total managed artists to over 270 with more than 300 million followers and subscribers across Instagram and YouTube platforms. This vertical focuses on monetizing artists through live events, weddings, and brand endorsements.

Live Events Business

The live events segment generated INR 57 million in profits during Q3FY26, featuring performances by Diljit Dosanjh and Himesh Reshammiya, along with stand-up comedy shows. The company has expanded into bhajan clubbing shows and plans its first music festival in Bangalore for March 2026.

Financial Guidance and Outlook

Saregama maintains its medium to long-term guidance of 21-23% annual growth for the music segment and 32-33% adjusted EBITDA margins at the consolidated level. The company expects to achieve 17-18% music revenue growth for the full financial year FY26.

The management emphasized evaluating performance on a rolling 12-month basis rather than quarterly fluctuations, citing the inherent variability in live events business and content release timing.

Source: Saregama India Limited Q3FY26 Earnings Conference Call transcript