Company Profile

Saregama India is all set for majority acquisition in a fast-growing digital entertainment company Pocket Aces Pictures, that owns direct relationship with 95M+ younger digital-first customers across Instagram, YouTube etc. Saregama will acquire 51.8% shares for around Rs 174 crore with a clear path to further acquire another around 41% stake in next 15 months at pre-agreed multiples. The transaction is an all-cash deal.

This acquisition will further strengthen Saregama’s strategic ambition to take leadership position in New Music across all Indian languages. Acquiring Pocket Aces will add on a whole new dimension of IP and a distribution network of over 95 million followers, which Saregama will leverage to further popularize its music library among the 18-35 audience segment. It will also create synergies across the artiste & influencer management and long-format video creation businesses of the two companies.

Saregama India engaged in manufacturing, selling and dealing of gramophone records, radio receivers, radiograms, record players, record producers, pick-up cartridges, components and accessories thereof and other allied products.

Saregama India has informed that the Audio Link of the Q1FY24 Results Conference call held on Friday, 28th July, 2023 at 15:00 hrs (IST) for the quarter ended 30th June, 2023 has been made available on the Company’s website.

The above information is a part of company’s filings submitted to BSE. 

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) as amended from time to time, Saregama India has informed that it enclosed a Press release on Earnings and Investor Presentation for the Unaudited (Standalone and Consolidated) Financial Results for the quarter ended 30th June, 2023. This information is available on the website of the company www.saregama.com.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (referred to as the ‘SEBI Listing Regulations’) as amended, Saregama India has informed that a Meeting of the Board of Directors of the Company is scheduled to be held on Friday, 19th May, 2023, to consider and approve the Audited Financial Results of the Company (Standalone and Consolidated) for the quarter and Financial Year ended 31st March, 2023 as required under Regulation 33 of the SEBI Listing Regulations Further, in terms of the Company’s ‘Code of Conduct to Regulate, Monitor and Report Trading by Insiders’ under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, it had already intimated to the Stock Exchanges through its letter dated 31st March, 2023, relating to the closure of Trading Window and the same shall continue to remain closed for all the Designated Persons and their Immediate Relatives till 48 trading hours from the declaration of the Audited Financial Results of the Company (Standalone and Consolidated) for the quarter and Financial Year ended 31st March, 2023. 

The above information is a part of company’s filings submitted to BSE.