Saregama India Ltd, a leading player in the Indian music and entertainment industry, has announced significant organizational changes and expansion plans, demonstrating its commitment to growth and corporate governance.

New Company Secretary Appointment

The Board of Directors of Saregama India Ltd has approved the appointment of Mr. Nayan Kumar Misra as the Company Secretary and Compliance Officer, effective September 5, 2025. Mr. Misra, a Commerce Graduate and member of the Institute of Company Secretaries of India, brings over 15 years of experience in Finance, Secretarial, and Legal functions to the role. His expertise in Corporate Laws and SEBI-related compliances, gained from previous associations with K Raheja Group and JSW Group, is expected to strengthen Saregama's compliance framework.

Key Managerial Personnel Authorization

In a move to enhance corporate governance, the Board has authorized three Key Managerial Personnel to determine the materiality of events for stock exchange disclosures. This responsibility will be shared by:

1. Mr. Vikram Mehra, Managing Director
2. Mr. Pankaj Mahesh Chaturvedi, Chief Financial Officer
3. Mr. Nayan Kumar Misra, Company Secretary and Compliance Officer

This decision aligns with Regulation 30(5) of the SEBI Listing Regulations, ensuring timely and appropriate disclosures to stakeholders.

Dubai Subsidiary Formation

In a strategic move to expand its global footprint, Saregama India Ltd has approved the incorporation of a wholly-owned subsidiary in Dubai Mainland. The new entity, to be named 'Saregama Performing Arts and Music Festivals LLC' (subject to regulatory approval), will be established with an initial paid-up capital of up to One Million AED.

The Dubai subsidiary is set to focus on tapping business potential in the Middle East Asia region through:

1. Organizing live events
2. Licensing of audio-video content
3. Collaborations with artists and content creators in the Media and Entertainment industry

This expansion is expected to strengthen Saregama's presence in the international market and diversify its revenue streams.

Investor Relations

Saregama India Ltd has also announced its participation in the upcoming RP-Sanjiv Goenka Group Investor Day scheduled for September 8, 2025. The event will host a wide range of institutional investors and analysts, including representatives from major asset management companies, mutual funds, and insurance firms. This engagement underscores Saregama's commitment to maintaining transparent communication with its investors and the financial community.

As Saregama India Ltd continues to evolve and expand, these strategic moves reflect the company's ambition to strengthen its position in the global media and entertainment landscape while maintaining robust corporate governance practices.

Saregama India , a leading music and entertainment company, has reported a mixed performance for the first quarter of fiscal year 2026, with its core music segment showing resilience amid challenges in the broader market.

Financial Highlights

Saregama posted an operating revenue of INR 206.00 crores and a profit before tax (PBT) of INR 51.00 crores for Q1FY26. The company's music segment, which includes licensing and artist management, grew by 12% year-on-year, demonstrating the strength of its core business.

Music Segment Performance

The music vertical's growth was achieved despite the postponement of several planned movie releases during the quarter. Saregama released over 1,000 original songs across multiple languages, including successful Tamil film albums like 'Thug Life', which saw two songs topping Spotify charts.

Strategic Acquisition

In a significant move to expand its regional presence, Saregama acquired NAV Records, a prominent Haryanvi music catalog. The acquisition includes:

• 6,500 tracks across Haryanvi, Punjabi, Ghazals, Devotional, and Indie Pop genres
• Popular YouTube channels with 24 million subscribers

This strategic purchase is expected to strengthen Saregama's position in the Haryanvi music market, with revenues anticipated from Q3 onwards.

Content Investment and Future Outlook

Vikram Mehra, Managing Director of Saregama, stated, "Our spend for the new content for this year will be somewhere between INR 350.00 crores to INR 380.00 crores. But most of our big releases are scheduled at this juncture between Q3 and Q4."

The company maintains its guidance of:

• 22-23% annual growth for the music vertical
• 32-33% adjusted EBITDA

Major releases planned for the latter half of the year include films starring Ranveer Singh, Kartik Aaryan, and Sanjay Leela Bhansali's 'Love & War'.

Artist Management and Digital Initiatives

Saregama's artist management vertical added over 25 new influencers and artists during the quarter, bringing the total to 230+ managed artists with a combined follower base of 200 million on Instagram and YouTube.

Challenges and Adaptations

The quarter faced some headwinds, including:

• Impact of Airtel Wynk's closure
• Temporary advertising pauses due to geopolitical events

However, the company reported that YouTube advertising normalized by early June.

Video and Live Events

While the video segment reported losses this quarter, management expects full-year profitability. Saregama Live successfully launched the 'Cap Mania' tour with Himesh Reshammiya, starting with events in Mumbai and Delhi.

Conclusion

Despite short-term challenges, Saregama remains confident in its growth trajectory, leveraging its:

• Vast content library
• Strategic acquisitions
• Focus on digital consumption trends

The company's diversified portfolio and data-driven approach position it well to capitalize on the ongoing digital revolution in India's entertainment industry.

Vikram Mehra concluded, "We believe that with time, maybe on a medium-term basis, that should open up, and we should start getting a share of advertising there. So that's a very different line of business. But on the audio/video side, I think paid economy has started getting into both of them."