5321632026-01-012026-03-315321632026-03-315321632025-03-315321632025-04-012026-03-315321632026-01-012026-03-31in-capmkt:OtherExpenses1Member5321632026-01-012026-03-31in-capmkt:OtherExpenses2Member5321632026-01-012026-03-31in-capmkt:OtherExpenses3Member5321632026-01-012026-03-31in-capmkt:OtherExpenses4Member5321632025-04-012026-03-31in-capmkt:OtherExpenses1Member5321632025-04-012026-03-31in-capmkt:OtherExpenses2Member5321632025-04-012026-03-31in-capmkt:OtherExpenses3Member5321632025-04-012026-03-31in-capmkt:OtherExpenses4Member5321632026-03-31OtherNoncurrentFinancialAssetsDomain15321632026-03-31OtherNoncurrentAssetsDomain15321632026-03-31OtherCurrentFinancialAssetsDomain15321632026-03-31OtherCurrentAssetsDomain15321632026-03-31OtherNoncurrentFinancialLiabilitiesDomain15321632026-03-31OtherNoncurrentLiabilitiesDomain15321632026-03-31OtherCurrentFinancialLiabilitiesDomain15321632026-03-31OtherCurrentLiabilitiesDomain15321632026-03-31OtherCurrentLiabilitiesDomain25321632026-03-31OtherCurrentLiabilitiesDomain35321632026-01-012026-03-31in-capmkt:ReportableSegments1Member5321632026-01-012026-03-31in-capmkt:ReportableSegments2Member5321632026-01-012026-03-31in-capmkt:ReportableSegments3Member5321632026-01-012026-03-31in-capmkt:ReportableSegments4Member5321632025-04-012026-03-31in-capmkt:ReportableSegments1Member5321632025-04-012026-03-31in-capmkt:ReportableSegments2Member5321632025-04-012026-03-31in-capmkt:ReportableSegments3Member5321632025-04-012026-03-31in-capmkt:ReportableSegments4Member5321632026-01-012026-03-31in-capmkt:ReportableSegments1Member5321632026-01-012026-03-31in-capmkt:ReportableSegments2Member5321632026-01-012026-03-31in-capmkt:ReportableSegments3Member5321632026-01-012026-03-31in-capmkt:ReportableSegments4Member5321632025-04-012026-03-31in-capmkt:ReportableSegments1Member5321632025-04-012026-03-31in-capmkt:ReportableSegments2Member5321632025-04-012026-03-31in-capmkt:ReportableSegments3Member5321632025-04-012026-03-31in-capmkt:ReportableSegments4Member5321632026-01-012026-03-31in-capmkt:ReportableSegments1Member5321632026-03-31in-capmkt:ReportableSegments1Member5321632026-01-012026-03-31in-capmkt:ReportableSegments2Member5321632026-03-31in-capmkt:ReportableSegments2Member5321632026-01-012026-03-31in-capmkt:ReportableSegments3Member5321632026-03-31in-capmkt:ReportableSegments3Member5321632026-01-012026-03-31in-capmkt:ReportableSegments4Member5321632026-03-31in-capmkt:ReportableSegments4Member5321632026-01-012026-03-31in-capmkt:ReportableSegments1Member5321632026-03-31in-capmkt:ReportableSegments1Member5321632026-01-012026-03-31in-capmkt:ReportableSegments2Member5321632026-03-31in-capmkt:ReportableSegments2Member5321632026-01-012026-03-31in-capmkt:ReportableSegments3Member5321632026-03-31in-capmkt:ReportableSegments3Member5321632026-01-012026-03-31in-capmkt:ReportableSegments4Member5321632026-03-31in-capmkt:ReportableSegments4Member5321632026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15321632025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15321632026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares532163SAREGAMANOTLISTEDINE979A01025SAREGAMA INDIA LIMITEDMain BoardEquity2025-04-012026-03-312026-05-142026-05-04INRLakhsQuarterlyFourth quarterMulti segment2026-05-1411:00:002026-05-1412:45:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated287440000091500000296590000000027010000020600000236600000139480000019221000001043800000-970000010341000002809000001180000029270000007414000000000741400000700000742100000753900000-7500000755200000-800000019280000013.863.86003.863.861. 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. <BR> 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. <BR> 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. <BR> 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. <BR> 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. <BR> (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. <BR> 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. <BR> 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%. <BR> 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. <BR> 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. <BR> 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. <BR> 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. <BR> 2025-04-012026-03-31AuditedConsolidated984620000042270000010268900000000109020000054400000815500000538850000073486000002920300000-795000002840800000705300000733000007786000000206220000000002062200000-10000020621000002070700000-85000002070600000-850000019280000011584030000010.7310.730010.7310.73Operational Cost829300000Advertisement and sales promotion114000000Royalty Expense112200000Other Expenses339300000Operational Cost3177700000Advertisement and sales promotion612000000Royalty Expense633800000Other Expenses965000000221990000001970000029392000005133200000003107400000003025000003025000002920000054330000014294400000243430000067820000017692000002817000001211000000188600000114750000052762000002915000009232000008925200000002321960000019280000016734000000169268000002530000016952100000945000000003605000004550000000617000000927000001164700000609300000207000000136880000015758000001506200000369130000014115000000510280000000626750000023219600000Note for Cash Flow Indirect tab : <BR> 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.Other Financial Assets302500000Other non-current assets543300000Other Financial asset1147500000Other current assets923200000Other non-current financial liabilities360500000Other non-current liabilities92700000Other current financial liabilities1506200000Other current liabilities610800000Provisions, current768100000Current tax liabilities (Net)32600000Music2004300000Artist Management424500000Video322500000Events123100000Music6835200000Artist Management1308600000Video1084100000Events6183000002874400000984620000028744000009846200000Music1279800000Artist Management44200000Video63000000Events-84600000Music3640900000Artist Management127000000Video15100000Events-7110000013024000003711900000206000005440000023810000073720000010437000002920300000Music10998100000Artist Management479400000Video2272900000Events17730000013927700000929190000023219600000Music2878900000Artist Management392700000Video333200000Events221600000382640000024411000006267500000Unallocable Items includes: <BR> 1) Exceptional Items: YTD-Rs. 853 Lakhs and QTD-Rs. 155 and <BR> 2) Share of net profit of associate accounted for using the equity method: YTD-Rs. 58 and QTD-Rs. 5854400000-32200000-4099000000-10813000000000361400000000815500000000-5698000000-4000000024700000022300000-78800000580000000-253000000-1200500000164030000000064010000001000200000033242000000000001200000213970000000000000000512600000-34959000000000035560000000-10986000000000000070380000005000000867700000289000000-115900000-313700000-412100000-100000-412200000693900000281700000Amount of items that will not be reclassified to profit and loss32000003200000Amount of items that will not be reclassified to profit and loss-400000-400000500000-4000002000000100000700000-100000AuditedtrueB S R and Co. LLPtrue2028-07-31