Saregama India Limited announced its audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2026, as approved by the Board of Directors at its meeting held on 14 May 2026. The company delivered its highest ever quarterly Adjusted EBITDA of Rs 1,327 Mn in Q4 FY26, recording a year-on-year growth of 31%, while quarterly Revenue from Operations grew 19% to Rs 2,874 Mn. Vice Chairperson Avarna Jain described it as "another path breaking year for Saregama with highest ever EBITDA, driven by clear strategy of aggressive investments and diversification of IP monetization." The statutory auditors, M/s. B S R & Co. LLP, issued an unmodified audit opinion on both the standalone and consolidated financial results for the year ended 31 March 2026. In compliance with Regulations 30 and 47 read with Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the financial results in all editions of Financial Express (English) and Aajkaal (Bengali) on 15 May 2026.

Q4 Consolidated Financial Performance

On a consolidated basis, Saregama reported robust operational metrics for the quarter. The Adjusted EBITDA margin expanded to 46% from 42% in Q4 FY25, while Operational Profit Before Tax (PBT) reached Rs 1,050 Mn, a 37% YoY increase. Consolidated net profit for the quarter rose to Rs 741 Mn compared with Rs 599 Mn year-on-year, translating to a Diluted EPS of Rs 3.86.

The following table summarises the Q4 consolidated operational performance:

FY26 Full-Year Financial Performance

For the full financial year FY26, Saregama reported revenue from operations of Rs 9,846 Mn, with Adjusted EBITDA of Rs 4,047 Mn (up 13% YoY) and PAT of Rs 2,062 Mn (up 1% YoY). The Music segment, comprising Licensing, Artiste Management, and Retail, was the primary growth driver with annual revenue of Rs 8,144 Mn, registering 17% YoY growth. Music annual EBITDA stood at Rs 5,167 Mn, a 22% YoY increase, while the annual Net Margin reached Rs 3,768 Mn, growing 28% YoY. The company's combined investment in New Music (Rs 2,354 Mn) and Catalogue Purchase (Rs 1,047 Mn) was the highest ever recorded.

The following table provides a full-year performance overview:

Segment-Wise Performance

The Live Events segment reported annual revenue of Rs 618 Mn, a de-growth of 78%, primarily due to the absence of revenue from Diljit Dosanjh's India tour in FY25. Key Live Events highlights included the CAP-MANIA Tour with Himesh Reshammiya across Mumbai, Delhi, Ahmedabad, Pune, and Dubai, and the Aura Tour by Diljit Dosanjh staged in Malaysia, Hong Kong, Australia, and New Zealand. The company also launched its first Music Festival IP, "UN40", a 2-day multi-genre festival held in Bengaluru in March 2026, attracting 12,000+ attendees across 25+ artists including Talwiinder, Himesh Reshammiya, Aditya Rikhari, Paradox, and Thaikkudam Bridge. The Video segment revenue stood at Rs 1,084 Mn, as the company consciously scaled down its Films Production business and invested in Bhansali Productions instead. The TV show "Sevanthi" crossed the 2,150+ episode mark as a slot leader on Udaya TV, and the Saregama Dice TV Shows (Tamil) YouTube channel garnered 405 Mn+ views in Q4 FY26.

Balance Sheet and Cash Flow

Saregama's consolidated balance sheet as at 31 March 2026 reflected a net worth of Rs 16,927 Mn compared to Rs 15,834 Mn as at 31 March 2025. Total assets stood at Rs 23,220 Mn versus Rs 20,952 Mn in the prior year. Key balance sheet metrics are presented below:

On the cash flow front, net cash generated from operating activities for FY26 stood at Rs 806 Mn compared to Rs 3,854 Mn in FY25. The company spent Rs 1,864 Mn on new content and Rs 3,358 Mn on consideration paid for acquisitions during the year. Dividend paid during FY26 amounted to Rs 868 Mn.

Operational and Strategic Highlights

During Q4 FY26, Saregama added 33 artistes, taking its total roster to 300+ artistes with an aggregate digital reach of over 410 million. The company's digital footprint across owned and controlled channels touched 650 Mn+ followers and subscribers across YouTube, Instagram, and Facebook. Key music releases included the Telugu film song "Aaya Sher", the Tamil film album "Parasakthi", the Hindi film album "Do Deewane Seher Mein" starring Mrunal Thakur, and non-film releases such as "Chura Liya" by Sanam and "Lahanga Jhalkauwa" by Nitesh Rana. The company released 1,200+ film and non-film tracks spanning Hindi, Bhojpuri, Punjabi, Tamil, Telugu, Malayalam, Kannada, and other languages. Saregama also collaborated with marquee brands such as Open AI, Skoda, Lakme, Ajio, and The Coca Cola Company for integrated campaigns. The company is leveraging Generative AI to transform video content creation, targeting up to ~70% cost savings and ~80% faster execution.

Board Meeting and Corporate Governance

The Board of Directors approved the audited standalone and consolidated financial results at its meeting held on 14 May 2026, which commenced at 11:00 A.M. and concluded at 12:45 P.M. The Board also authorised Key Managerial Personnel — Managing Director Vikram Mehra and Company Secretary Nayan Kumar Misra — to determine materiality of events or information for disclosure purposes under Regulation 30(5) of the SEBI Listing Regulations. Additionally, the Board approved an updated Insider Trading Prohibition Code pursuant to the applicable provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The newspaper publication intimation was submitted to the stock exchanges by Company Secretary and Compliance Officer Nayan Kumar Misra on 15 May 2026.

Saregama India Limited has issued a public notice through newspaper advertisements published on May 13, 2026, informing its equity shareholders about the scheduled transfer of unclaimed shares and dividends to the Investor Education and Protection Fund (IEPF) Authority. The notice was published in the Financial Express (English edition) and Aajkaal (Bengali edition), in compliance with the applicable regulatory framework.

Background and Regulatory Basis

The transfer is being undertaken in accordance with Section 124(6) of the Companies Act, 2013, and Rule 6 of the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended from time to time. Under these provisions, equity shares in respect of which dividends have remained unclaimed or unpaid for a consecutive period of seven years or more are required to be transferred to the demat account of the IEPF Authority, established by the Central Government. The notice has also been published pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Dates and Transfer Details

The following table summarises the critical dates and details related to the IEPF transfer:

Saregama India has communicated directly with all affected members at their registered addresses as per the Company and Registrar and Share Transfer Agent (RTA) records, advising them to claim the unclaimed dividend for Financial Year 2018-19 and onwards.

How Shareholders Can Submit Claims

Concerned shareholders are requested to submit their applications along with all requisite documents on or before Tuesday, August 11, 2026, to either of the following:

MUFG Intime India Private Limited was formerly known as Link Intime India Private Limited and serves as the Registrar and Share Transfer Agent (RTA) of the Company.

Important Note on KYC Updation

Saregama India has also urged shareholders to complete their KYC updation, which is mandatory before any transaction. Shareholders are requested to visit the RTA's official website at https://in.mpms.mufg.com/ (Resources > Downloads > General > Formats for KYC) to download the relevant forms, including:

• Forms ISR-1, ISR-2, ISR-3, SH-13, and SH-14
• Original cancelled cheque leaf bearing the name of the first account holder

Completed forms are to be submitted to MUFG Intime India Private Limited in line with the applicable SEBI Circular requirements.

Consequences of Non-Action

If no claim is received by the Company before Tuesday, August 11, 2026, the unclaimed dividend and the corresponding equity shares will be transferred to the IEPF Authority on Monday, August 17, 2026, within the prescribed timelines under the Rules. Shareholders may subsequently reclaim such dividend or shares from the IEPF Authority by following the procedure detailed on the IEPF website at www.iepf.gov.in . It is important to note that no claim shall lie against the Company in respect of shares transferred to the IEPF Authority pursuant to the said Rules.