Integrated Filing — IndAS



General information about company

Scrip Code 532163
NSE Symbol SAREGAMA
MSEI Symbol NOTLISTED
ISIN INE979A01025
Name of company SAREGAMA INDIA LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 14-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 04-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 14-05-2026   11:00:00
End date and time of board meeting 14-05-2026   12:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 28,744.00 98,462.00
Other income 915.00 4,227.00
Total income 29,659.00 1,02,689.00
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 2,701.00 10,902.00
(e) Finance costs 206.00 544.00
(f) Depreciation, depletion and amortisation expense 2,366.00 8,155.00
(f) Other Expenses
1 Operational Cost 8,293.00 31,777.00
2 Advertisement and sales promotion 1,140.00 6,120.00
3 Royalty Expense 1,122.00 6,338.00
4 Other Expenses 3,393.00 9,650.00
Total other expenses 13,948.00 53,885.00
Total expenses 19,221.00 73,486.00
3 Total profit before exceptional items and tax 10,438.00 29,203.00
4 Exceptional items (97.00) (795.00)
5 Total profit before tax 10,341.00 28,408.00
6 Tax expense
7 Current tax 2,809.00 7,053.00
8 Deferred tax 118.00 733.00
9 Total tax expenses 2,927.00 7,786.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 7,414.00 20,622.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 7,414.00 20,622.00
17 Other comprehensive income net of taxes 7.00 (1.00)
18 Total Comprehensive Income for the period 7,421.00 20,621.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 7,539.00 20,707.00
Total profit or loss, attributable to non-controlling interests (75.00) (85.00)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 7,552.00 20,706.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests (80.00) (85.00)
21 Details of equity share capital
Paid-up equity share capital 1,928.00 1,928.00
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 1,58,403.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.86 10.73
Diluted earnings (loss) per share from continuing operations 3.86 10.73
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 3.86 10.73
Diluted earnings (loss) per share from continuing and discontinued operations 3.86 10.73
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The above consolidated financial results for the three months ended and year ended 31 March 2026 have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their respective meetings held on 14 May 2026. These consolidated financial results have been prepared in accordance with the Indian Accounting Standards (Ind-AS) as specified under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 and provisions of the Companies Act, 2013. These results have been subjected to limited review by the Statutory Auditors of the Group who have issued an unmodified review report on the consolidated financial results for the three months and year ended 31 March 2026. 2. The Consolidated financial results are prepared in accordance with the principles and procedures as set out in Ind AS 110, notified by Ministry of Corporate Affairs. The consolidated financial results of the Company include its seven subsidiaries (including two step-down subsidiary), i.e. Saregama Limited (formerly known as Saregama Plc.), RPG Global Music Limited, Saregama FZE, Kolkata Metro Networks Limited, Pocket Aces Pictures Private Limited, Saregama Inc. (Step-down subsidiary of Saregama India Limited) and Finnet Media Private Limited (Step-down subsidiary of Pocket Aces Pictures Private Limited) (hereinafter referred as Group) combined on a line-by-line basis by adding together the book values of like items of assets, liabilities, income and expenses eliminating intra-company balances and transactions and resulting unrealised gains/losses. The Consolidated financial results are prepared applying uniform accounting policies. The Group has one joint venture i.e. Saregama Regency Optimedia Private Limited, which is under liquidation with effect from 19 September 2016. Accordingly, this entity has not been consolidated by the Group. The consolidated financial results also includes share of profit/(loss) of equity accounted investees - Bhansali Productions Private Limited which are accounted under equity method as set out in Ind AS 28 - 'Investment in Associates and Joint Ventures' notified by Ministry of Corporate Affairs. 3. Out of the 53,38,628 equity shares of Rs.10/- each issued for cash at a premium of Rs.35/- (issue price - Rs.45/-) pursuant to the Rights Issue in 2005, allotment of 5,290 equity shares of face value Rs.10/- each (relating to cases under litigation / pending clearance from concerned authorities) were in abeyance till 31 March 2026. These shares have now been adjusted on account of sub-division of share done by Company. 4. (i) The Group’s current business activities are being disclosed under four separate operating segments, e.g. (a) Music (b) Artist Management (c) Video and (d) Events. Segment Revenue, Results, Assets and Liabilities represent amounts identifiable to each of the segments. Other unallocable expenditure net of unallocable income mainly includes interest income, expenses on common services not directly identifiable to individual segments and corporate expenses. Segment Assets and Segment Liabilities are as at 31 March 2026, 31 December 2025, and 31 March 2025. Unallocable corporate assets less unallocable corporate liabilities mainly represent investment of surplus funds and cash and bank balances. (ii) Provision of Rs. 987 lakhs has been written back during the quarter and year ended 31 March 2026, and amount of Rs.242 lakhs has been written back during the quarter and year ended 31 March 2025 based on management's best estimate in the normal course of business. 5. The figures for the three months ended 31 March 2026 and 31 March 2025 are the balancing figures between audited figures in respect of the full financial year and year to date figures up to the end of third quarter of the relevant financial year. The year to date figures up to the end of third quarter of the relevant financial year were subject to Limited Review. 6. During the previous year ended 31 March 2025, the holding Company had acquired 270,427 shares in Pocket Aces Pictures Private Limited (PAPPL) against commitment from remaining shareholders and during the previous quarter ended 30 June 2025, the Company has further acquired 4,111 shares in PAPPL resulting into increase in shareholding in PAPPL from 90.37% to 90.93%. 7. During the current year, Pocket Aces Pictures Private Limited (PAPPL), one of the material subsidiary of the Holding Company, has acquired 100.00% equity shares in Finnet Media Private Limited (FMPL), a fast-growing digital entertainment company, on 19 November 2025. As part of the acquisition, PAPPL has also committed to buy out 288,235 Optionally Convertible Preference Shares (OCPS) from the existing shareholders of FMPL on specified dates in a manner stipulated under the share purchase agreement. Post acquisition of OCPS, FMPL will become 100% subsidiary of PAPPL. Accordingly, the fair value of consideration payable to the OCPS shareholders of FMPL has been recognized by PAPPL as deferred consideration and the acquisition has been accounted as per anticipated-acquisition method. Results for the quarter ended 31 December 2025 and year ended 31 March 2026, includes the impact of the above transaction with effect from 19 November 2025, and are not comparable with other periods reported in the Statement. 8. During the current year, the Holding Company has entered into an agreement on 16 December 2025 to acquire 9,960 Compulsory Convertible Preference Shares (CCPS) in Bhansali Productions Private Limited (“BPPL”), a company engaged in the business of film and content production. The Company has completed its acquisition of aforesaid securities on 30 January 2026. As part of the aforesaid acquisition arrangement with BPPL, the holding company has also committed to acquire additional equity securities in the company in case the stake of the Company falls below 28% on a fully diluted basis. Accordingly, the fair value of the consideration payable for such option has been recognized as “deferred consideration” under non-current financial liability on the date of acquisition. Further, the aforesaid consideration paid as per agreement also includes an embedded right to the holding Company to acquire additional shares so as to increase its shareholding up to 51% as per the terms as stipulated in the agreement. Accordingly, the fair value of such embedded right to acquire such additional equity shares has been classified seperately on the date of acquisition. The results for the quarter and year ended 31 March 2026 include the impact of the above transactions with effect from 30 January 2026 and, therefore, are not comparable with results reported for other periods in the Statement. 9. On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 hitherto existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to these changes in regulations.The group has assessed and disclosed the incremental impact of Rs. 155 lakhs and Rs. 853 lakhs for the quarter and year ended 31 March 2026 respectively, as an Exceptional item in these consolidated financial results for the year ended 31 March 2026. The group will continue to track and evaluate the impact of the rules notified by the Central/State Government post 31 March 2026 and consider the appropriate accounting effect in the relevant periods, as needed. 10. For more details on Results, visit Investor Relations section of our website at http://www.saregama.com and Financial Results under Corporates section of www.nseindia.com and www.bseindia.com.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 22,199.00
Capital work-in-progress 0.00
Investment property 197.00
Goodwill 29,392.00
Other intangible assets 51,332.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 31,074.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets
1 Other Financial Assets 3,025.00
Total of other non-current financial assets 3,025.00
Total non-current financial assets 3,025.00
Deferred tax assets (net) 292.00
Other non-current assets
1 Other non-current assets 5,433.00
Total of other non-current assets 5,433.00
Total non-current assets 1,42,944.00
2 Current assets
Inventories 24,343.00
Current financial asset
Current investments 6,782.00
Trade receivables, current 17,692.00
Cash and cash equivalents 2,817.00
Bank balance other than cash and cash equivalents 12,110.00
Loans, current 1,886.00
Other current financial assets
Total of other current financial assets 11,475.00
Total current financial assets 52,762.00
Current tax assets (net) 2,915.00
Other current assets
1 Other current assets 9,232.00
Total of other current assets 9,232.00
Total current assets 89,252.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 2,32,196.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,928.00
Other equity 1,67,340.00
Total equity attributable to owners of parent 1,69,268.00
Non controlling interest 253.00
Total equity 1,69,521.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 945.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Other non-current financial liabilities 3,605.00
Total of other non-current financial liabilities 3,605.00
Total non-current financial liabilities 4,550.00
Provisions, non-current 0.00
Deferred tax liabilities (net) 6,170.00
Deferred government grants, Non-current
Other non-current liabilities
1 Other non-current liabilities 927.00
Total of other non-current liabilities 927.00
Total non-current liabilities 11,647.00
Current liabilities
Current financial liabilities
Borrowings, current 6,093.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 2,070.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 13,688.00
Total Trade payable 15,758.00
Other current financial liabilities
1 Other current financial liabilities 15,062.00
Total of other current financial liabilities 15,062.00
Total current financial liabilities 36,913.00
Other current liabilities 14,115.00
1 Other current liabilities 6,108.00
2 Provisions, current 7,681.00
3 Current tax liabilities (Net) 326.00
Total of other current liabilities 14,115.00
Provisions, current 0.00
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 51,028.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 62,675.00
Total equity and liabilites 2,32,196.00
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block

Textual Information(1) Note for Cash Flow Indirect tab : Cash and cash equivalents acquired pursuant to business combinations have been considered as part of cash flows from investing activities. Accordingly, the net cash outflow on acquisition represents the purchase consideration paid net of cash and cash equivalents acquired.



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Music 20,043.00 68,352.00
2 Artist Management 4,245.00 13,086.00
3 Video 3,225.00 10,841.00
4 Events 1,231.00 6,183.00
Total Segment Revenue 28,744.00 98,462.00
Less: Inter segment revenue
Revenue from operations 28,744.00 98,462.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Music 12,798.00 36,409.00
2 Artist Management 442.00 1,270.00
3 Video 630.00 151.00
4 Events (846.00) (711.00)
Total Profit before tax 13,024.00 37,119.00
i. Finance cost 206.00 544.00
ii. Other Unallocable Expenditure net off Unallocable income 2,381.00 7,372.00
Profit before tax 10,437.00 29,203.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Music 1,09,981.00 1,09,981.00
2 Artist Management 4,794.00 4,794.00
3 Video 22,729.00 22,729.00
4 Events 1,773.00 1,773.00
Total Segment Asset 1,39,277.00 1,39,277.00
Un-allocable Assets 92,919.00 92,919.00
Net Segment Asset 2,32,196.00 2,32,196.00
4 Segment Liabilities
Segment Liabilities
1 Music 28,789.00 28,789.00
2 Artist Management 3,927.00 3,927.00
3 Video 3,332.00 3,332.00
4 Events 2,216.00 2,216.00
Total Segment Liabilities 38,264.00 38,264.00
Un-allocable Liabilities 24,411.00 24,411.00
Net Segment Liabilities 62,675.00 62,675.00
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) Unallocable Items includes: 1) Exceptional Items: YTD-Rs. 853 Lakhs and QTD-Rs. 155 and 2) Share of net profit of associate accounted for using the equity method: YTD-Rs. 58 and QTD-Rs. 58



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Amount of items that will not be reclassified to profit and loss 32.00 (4.00)
Total Amount of items that will not be reclassified to profit and loss 32.00 (4.00)
2 Income tax relating to items that will not be reclassified to profit or loss 5.00 (4.00)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 20.00 1.00
5 Total Other comprehensive income 7.00 (1.00)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 28,408.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 544.00
Adjustments for decrease (increase) in inventories (322.00)
Adjustments for decrease (increase) in trade receivables, current (4,099.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (10,813.00)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 3,614.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 8,155.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (5,698.00)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (40.00)
Adjustments for dividend income 0.00
Adjustments for interest income 2,470.00
Adjustments for share-based payments 223.00
Adjustments for fair value losses (gains) (788.00)
Adjustments for undistributed profits of associates 58.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (253.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (12,005.00)
Net cash flows from (used in) operations 16,403.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 6,401.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 10,002.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 33,242.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 12.00
Purchase of property, plant and equipment 21,397.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 5,126.00
Purchase of other long-term assets (34,959.00)
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 3,556.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (10,986.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 7,038.00
Repayments of borrowings 0.00
Payments of lease liabilities 50.00
Dividends paid 8,677.00
Interest paid 289.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (1,159.00)
Net cash flows from (used in) financing activities (3,137.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (4,121.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents (1.00)
Net increase (decrease) in cash and cash equivalents (4,122.00)
Cash and cash equivalents cash flow statement at beginning of period 6,939.00
Cash and cash equivalents cash flow statement at end of period 2,817.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 B S R and Co. LLP Yes 31-07-2028