Saregama india Limited has scheduled an analyst and investor conference call to discuss its Q3FY26 financial and operational performance. The call is set for Tuesday, February 3, 2026, at 5:00 PM IST.

Regulatory Compliance and Announcement

The company made this announcement on January 28, 2026, in compliance with Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal intimation was sent to both the National Stock Exchange of India Limited and BSE Limited, where the company trades under the symbol SAREGAMA and scrip code 532163 respectively.

Management Participation

The conference call will feature key members of Saregama India's senior management team:

Call Access Details

The conference call is being organized by Emkay Global Financial Services Ltd. Participants can access the call through multiple channels:

Dial-in Information

International participants can use toll-free numbers from countries including the United States (18667462133), United Kingdom (08081011573), Singapore (8001012045), and several others across Asia, Europe, and the Americas.

Additional Information

For further information regarding the conference call, participants can contact Pranav Kshatriya at pranav.kshatriya@emkayglobal.com or call +91 22 6612 1350. The company has also made this information available on its official website at www.saregama.com .

The announcement includes a standard disclaimer that the schedule is subject to changes, if any. Company Secretary and Compliance Officer Nayan Kumar Misra signed the regulatory filing on behalf of Saregama India Limited.

Music labels are making strategic moves into film production as they grapple with the limitations of streaming revenue models and seek more diversified income sources. This shift represents a fundamental transformation from traditional rights holders to integrated entertainment companies.

Recent Investment Activity

The trend gained prominence with significant recent transactions in the entertainment sector. Key investments demonstrate the growing convergence between music and film industries:

Streaming Revenue Challenges

The music streaming ecosystem continues to deliver weak monetization for labels, creating pressure for alternative revenue strategies. Current streaming economics present significant challenges:

According to Anushree Rauta, equity partner at ANM Global, "While the Indian music business continues to grow in scale, it is increasingly exposed to music platform economics, limited pricing power, and a dependence on content created elsewhere."

Strategic Advantages of Film Integration

Film and OTT ecosystems offer substantially more diversified revenue streams compared to traditional music distribution. The entertainment value chain provides multiple monetization opportunities:

• Content distribution rights across platforms
• Music royalties from soundtracks
• Performance rights and licensing
• Global syndication opportunities
• Brand partnerships and advertising revenue

Rahul Hingmire, managing partner at Vis Legis Law Practice, explains the control aspect: "Music labels today depend heavily on aggregators and platforms for discovery, pricing and timing. Film production changes that equation. It puts the label at the start of the IP cycle—script stage, casting stage, marketing design stage."

Market Dynamics and Industry Pressures

Both music labels and film studios face distinct challenges that make collaboration mutually beneficial. Studios are navigating uncertainties including unpredictable theatrical markets, declining satellite revenue streams, and selective OTT commissioning with uncertain budgets.

Charu Malhotra, co-founder at Primus Partners, notes this represents "diversification, but also strategic integration. By investing in film studios, music labels move upstream into content creation instead of only monetising the soundtrack after the film is made."

Saregama's Diversification Strategy

Saregama has been actively reducing dependence on downstream licensing through strategic acquisitions and expansions:

This approach demonstrates the shift from passive rights acquisition to active content stakeholder participation.

Future Industry Outlook

Gaurav Dagaonkar, CEO of Hoopr, emphasizes the fundamental transition: "This shift reflects a far more fundamental transition—from being rights holders to becoming ecosystem owners. By investing in film and content studios, labels gain early influence over storytelling, allowing music to be embedded organically into narratives."

Ashima Obhan, senior partner at Obhan & Associates, predicts labels will adopt a dual strategy: "safeguarding their music heritage, while aggressively expanding into films and series to ensure they remain indispensable players in India's evolving entertainment economy."

Hardeep Sachdeva from AZB & Partners concludes that "content production will be treated as the growth engine, an avenue to secure relevance and scale in a market where consumer attention is increasingly platform-agnostic." This transformation positions music labels as integrated entertainment companies where music and content reinforce rather than compete with each other.