Saregama India has acquired an additional 4.82% stake in its material subsidiary, Pocket Aces Pictures Private Limited, for approximately ₹20.05 crore. The acquisition, completed on July 22, 2026, increases Saregama India's total shareholding in the digital entertainment company to 95.76%, consolidating its control and strengthening synergies across artiste management and long-format video creation businesses.

The transaction involved the purchase of 35,635 equity shares, representing the fully diluted share capital of Pocket Aces. The consideration of ₹20,05,24,559 was paid as the third tranche sale consideration to multiple selling shareholders. One of the selling shareholders is a Managing Director of Pocket Aces, and since Pocket Aces is a material subsidiary of Saregama India, this portion of the transaction was classified as a related party transaction conducted on an arm’s length basis. The acquisition from other selling shareholders was not a related party transaction.

Pocket Aces reported a turnover of ₹14,217.58 lakhs for the financial year 2025-26. The company is a youth-focused digital content creator with an IP catalogue of over 35,000 pieces, including web series, sketches, and music videos. It operates channels such as Filter Copy, Nutshell, and Gobble, releasing over 15 new content pieces daily. Its talent management arm, Clout, manages over 215 digital talent, while its long-form studio, Dice Media, produces web series for OTT platforms like Netflix, Hotstar, and Amazon.

The acquisition was executed in accordance with the terms of the Investment Agreement and Shareholders’ Agreement dated September 28, 2023. No governmental or regulatory approvals were required for the completion of this cash consideration transaction. The move is intended to further consolidate Saregama India's holding in Pocket Aces and enhance existing operational synergies.

Pocket Aces Financial Performance

Saregama India Ltd has appointed Mr. Abhishek Kapoor as its Chief Financial Officer (CFO) and Key Managerial Personnel effective July 15, 2026. The Board of Directors approved the appointment based on the recommendations of the Nomination and Remuneration Committee and Audit Committee. Mr. Kapoor brings over 25 years of experience across listed companies and consumer-driven organizations, including Media & Entertainment, FMCG, Beverages, and Manufacturing.

To ensure continuity in the office of the CFO, the Board also appointed Mr. Kuldeep Kothari as Interim CFO and Key Managerial Personnel with immediate effect from June 24, 2026. Mr. Kothari will hold the position until July 14, 2026, the day before Mr. Kapoor assumes office. He has been associated with Saregama India for seven years, holding various leadership positions in the finance function.

Profile of Appointees

Mr. Abhishek Kapoor is a Chartered Accountant with an executive specialization in Strategy Management from IIM Kozhikode. He presently serves as the CFO of Sula Vineyards Limited, a listed entity and India's leading wine company. Mr. Kuldeep Kothari is a qualified finance professional with over 23 years of experience in finance, accounts, treasury, budgeting, financial reporting, internal controls, taxation, and regulatory compliance.

Appointment Details

The appointments are in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.