Saregama India Limited has announced a key board transition with the completion of an Independent Director's tenure, marking the end of a significant leadership chapter for the entertainment company.

Director Tenure Completion

Mr. Santanu Bhattacharya (DIN: 01794958) ceased to be an Independent Director of Saregama India Limited with effect from the close of business hours on December 21, 2025. This cessation follows the completion of his second and final term as an Independent Director, in compliance with regulatory requirements that limit the tenure of independent directors.

The company has placed on record its appreciation for the significant contributions made by Mr. Bhattacharya during his tenure with the organization. This announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Updated Board Composition

Following Mr. Bhattacharya's cessation, the company has provided an updated list of its Directors and Key Managerial Personnel effective from December 22, 2025. The current board structure reflects a balanced composition of executive, non-executive, and independent directors.

Regulatory Compliance

The cessation announcement was made in accordance with SEBI regulations, specifically under Regulation 30 read with Schedule III Part A Para A of SEBI LODR and the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has ensured full compliance with disclosure requirements and has made this information available on its official website.

The transition maintains the company's governance standards while ensuring continued compliance with independent director tenure regulations. The remaining board composition includes four independent directors, maintaining the required independence ratio for effective corporate governance.

Saregama India expects its co-investment partnership with Bhansali Productions to contribute significantly to the company's Hindi music portfolio, with an executive revealing that 30% of Hindi music content is anticipated to come from this strategic agreement.

Strategic Partnership Details

The entertainment company has entered into a co-investment arrangement with Bhansali Productions, representing a major expansion in the company's content acquisition strategy. This partnership is expected to substantially enhance Saregama India's Hindi music catalog.

Expected Content Impact

According to company executives, the Bhansali Productions collaboration will represent a substantial portion of Saregama India's Hindi music offerings. The 30% contribution indicates the significant scale and importance of this partnership for the company's content strategy.

Financial and Market Implications

Saregama India previously indicated that this collaboration would contribute positively to its earnings per share by fiscal year 2027. The substantial content contribution from Bhansali Productions aligns with the company's broader strategy to strengthen its presence in the entertainment sector through premium content partnerships.

Market Positioning

This co-investment reinforces Saregama India's focus on expanding its content portfolio through strategic industry partnerships. The collaboration with Bhansali Productions provides access to high-quality Hindi music content, potentially enhancing the company's competitive position in the entertainment market.