SAREGAMANSE31 October 2022

Saregama India Limited has informed the Exchange about Investor Presentation

Saregama India Limited

Date: 31st October, 2022

The Manager, Listing Department, National Stock Exchange of India Ltd., ‘Exchange Plaza’, C-1, Block G, Bandra- Kurla Complex, Bandra (East), Mumbai - 400 051

The Listing Department BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

Symbol: SAREGAMA

Scrip Code: 532163

Subject: Outcome of Board Meeting held on 31st October, 2022

Dear Sir/Madam,

We write to inform you that pursuant to Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company (the “Board”), at its Meeting held today, i.e., 31st October, 2022 inter-alia, has:

1. Considered, approved, and took on record the Unaudited Financial Results (Standalone and Consolidated) of the Company, for the quarter and half year ended on 30th September, 2022 of the Financial Year 2022-23

A copy of the said results along with the Limited Review Report issued by the Statutory Auditors of the Company are enclosed herewith for your record.

Further pursuant to the provisions of SEBI Listing Regulations, please find enclosed the herewith following documents for the quarter and half year ended on 30th September, 2022 of the Financial Year 2022-23:

i. Earnings Release ii. Investors Presentation

2. Approved the appointment of M/s Link Intime India Private Limited (SEBI Registration No. INR000004058) as the Registrar and Share Transfer Agent (“RTA”) of the Company in place of M/s MCS Share Transfer Agent Limited (SEBI Registration No. INR000004108). The Company is in process of executing necessary agreements to ensure smooth transition of documents and records from M/s MCS Share Transfer Agent Limited to M/s Link Intime India Private Limited. In the interim period M/s MCS Share Transfer Agent will continue to act as RTA of the Company till such time the database and electronic connectivity is fully shifted to M/s Link Intime India Private Limited, the new RTA.

SAREGAMA India Limited, 33, Jessore Road, Dum Dum, Kolkata - 700 028, India. Tel: +91 33 2551 2984, Fax: +91 33 2550 0817, Web: www.saregama.com CIN: L22213WB1946PLC014346 Email ID: co.sec@saregama.com

The details/disclosures as required under Regulation 30 and Schedule III of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 (the “SEBI Circular”) is enclosed herewith as “Annexure A”.

This information is available on the website of the Company www.saregama.com

The Board meeting commenced at 12:00 Noon and concluded at 01:20 pm.

Kindly take the same on record.

Thanking You. Yours Faithfully,

Yours faithfully, For SAREGAMA INDIA LIMITED

Priyanka Motwani Company Secretary and Compliance Officer Membership No: A58041

Encl: As above

In compliance of Regulation 30 and Schedule III of the SEBI Listing Regulations read with the SEBI Circular, please find requisite information of change in Registrar & Share Transfer Agent (RTA)

“Annexure – A”

Sr.no Particulars 1

Reason for discontinuation

Date on which above would become effective

Remarks As M/s Link Intime India Private Limited has been providing the service as the Registrar and Share Transfer Agent to almost all group Companies and considering their infrastructure, presence, quality of services and to align with other the including periodic requirements reports and smoothening the other processes the Board has approved the appointment of M/s Link Intime India Private Limited in place of “M/s MCS Share Transfer Agent Limited” (the existing Registrar & Share Transfer Agent) The effective date of appointment will be communicated in due course after from Depositories, from the existing RTA and after entering into the Tripartite Agreements between the M/s Link Intime India Private Limited, M/s MCS Share Transfer Agent Limited and the Company.

receiving

NOC

For SAREGAMA INDIA LIMITED

Priyanka Motwani Company Secretary and Compliance Officer Membership No: A58041

B S R & Co. LLP

Chartered Accountants

Unit No. 603, 6th Floor, Tower 1, Plot No. 5, Block DP, Godrej Waterside, Sector V, Salt Lake, Kolkata 700091

Telephone: +91 33 4035 4200 Fax: +91 33 4035 4295

Limited Review Report on unaudited consolidated financial results of Saregama India Limited for the three months ended 30 September 2022 and year-to-date consolidated financial results for the period from 01 April 2022 to 30 September 2022 pursuant to Regulation 33 of Securities and Exchange (Listing Obligations and Disclosure Requirements) India Board of Regulations, 2015, as amended

To the Board of Directors of Saregama India Limited

1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Saregama India Limited (the Parent), and its subsidiaries (the Parent and its subsidiaries together referred to as the Group) for the quarter ended 30 September 2022 and year-to-date results for the period from 01 April 2022 to 30 September 2022 (the Statement), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (Listing Regulations).

2. This Statement, which is the responsibility of the Parents management and approved by the Parents Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting (Ind AS 34), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

4. The Statement includes the results of the following entities:

Parent:

Saregama India Limited

Subsidiaries:

a. Kolkata Metro Networks Limited

b. Open Media Network Private Limited

c. RPG Global Music Limited

d. Saregama Limited (formerly known as Saregama Plc.)

e. Saregama FZE

f. Digidrive Distributors Limited

g. Saregama Inc. (Step-down subsidiary of Saregama India Limited)

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063

Registered Office:

B S R & Co. LLP

5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

6. The Statement includes the interim financial information of seven subsidiaries (including one step- down subsidiary) which have not been reviewed, whose interim financial information reflect total assets of Rs. 6,966 lakhs (before consolidation adjustments) as at 30 September 2022, total revenues of Rs. 2,801 lakhs and Rs. 5,022 lakhs (before consolidation adjustments), total net loss after tax of Rs. 53 lakhs and Rs. 85 lakhs (before consolidation adjustments) and total comprehensive income of Rs. 62 lakhs and Rs. 12 lakhs (before consolidation adjustments), for the quarter ended 30 September 2022 and for the period from 01 April 2022 to 30 September 2022, respectively, and net cash inflows of Rs. 1,561 lakhs for the period from 01 April 2022 to 30 September 2022, as considered in the Statement. According to the information and explanations given to us by the Parents management, these interim financial information are not material to the Group.

Our conclusion is not modified in respect of this matter.

For B S R & Co. LLP

Chartered Accountants

Firms Registration No.:101248W/W-100022

Jayanta Mukhopadhyay

Partner

Membership No.: 055757

UDIN:22055757BBKQRG2313

Kolkata

31 October 2022

~~ RP - SanJiv Goenka

Group

Particulars

SI. No.

Income

(a) Revenue from operations (b) Other income

Total Income

Expenses

(a) Operational cost• (b) Employee benefits expense (c) Finance costs (d) Depreciation and amortisation expense (e) Advertisement and sales promotion (I) Royalty expense (g) Other expenses

Total Expenses

Profit before exceptional items and tax (1-2)

Exceptional Items

Profit befon, tu (3-4)

Tax E:xpeose

(a) Current Tax (b) Deferred Tax (net)

Total tax expense

Profit for the period (5-6)

Other Comprehensive Income (net of ta:xes)

(a) Items that will be reclassified to profit or loss (b) Items that will not be reclassified to profit or loss

Total other comprehensive income

Total comprehensive income for the period (7+8)

Profit for the period attributable to: (a) Owner of the Company (b) Non•controlling Interest••

Other Comprehensive Income for the period attributable to: (a) Owner of the Company (b) Non~ontrolling Interest

Total Comprehensive Income for the period attributable to: (a) Owner of the Company (b) Non~ontrolling Interest

Paid-up Equity Share Capital (Face Value of Re. I/- each) (Refer Note 2)

Other equity

Earnings Per Share (Face Value Re. I/- each): # (Refer Note 2)

(a) Basic (Rs.)

(b) Diluted (Rs.)

Sarecama India Limited Relistered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.sare,:ama.com, Email id: co.sec@sarecama.com, Phone no: 033-2551-2984 CIN:U2213WB1946PLC014346

"'Y9P"

(Rs. in Lakbs)

Statement of Consolidated Financial Results for the Three Months and SO: Months Ended 30 September 2022

3 Months ended 30 September 2022 (Unaudited)

3 Months ended 30 June 2022 (Unaudited)

3 Months ended 30 September 2021 (Unaudited)

6 Months ended 30 September 2022 (Unaudited)

6 Months ended 30 September 2021 (Unaudited)

Year ended 31 March 2022 (Audited)

18,916

1,138 20,054

5,349

2,223 131 456 1,832 1,509 2,350 13,850

6,204

1,711

(118) 1,593

4,611

112 943 1,055

5,666

4,607 4

1,026 29

5,633 33

1,928

2.39

16,93 0 985 17,915

4,986 1,868 140 410 1,716 1,253 1,965 12,338

5,577

1,440 (6) 1,434

4,143

(18) (992) (l,0IO)

3,13 3

4,1 41 2

(1,006) (4)

3,135 (2)

1,928

14,5 09 515 15,024

3,411 2,075 141 276 1,37 1 1,764 1,453 10,491

4,533

35,846

2,123 37,969

10,335

4,091 271 866 3,548 2,762 4,315 26,188

11,781

25,005 795 25,800

4,907 3,750 209 506 2,210 3,206 2,800 17,588

8,212

58,063 3,491 61,554

14,311 7,345 452 1,310 5,205 6,314 6,176 41 ,113

20,441

4.533

11,781

8,212

20,441

1,171 (18) 1,153

3,380

7 3,532 3,539

6,919

3,380 0

3,536 3

6,916 3

1,743

3,151 (124)

3,027

8,754

94 (49)

2,145 (46) 2,099

6,113

II 7,359 7,370

5,027 149 5,176

15,265

26 3,817 3,843

8,799

13,483

19,108

8,748 6

20 25

8,768 31

1,928

4.54

6,099 14

7,366 4

13,465 18

1,743

3.52

3.51

15,260 5

3,838 5

19,098 10

1,928

1,35,842

8.43

8.42

•Includes med ta content cost, contract manufactunng charges and cost of productton of films, televtSton senals and events. **Represents value ofless than Rs. 0.50 Lakh. #Figures for three months and six months are not annualised.

2.15

1.95

1.94

~ ~ RP • SanJlvGoenka

Group

Sarecama India Limited Relistered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.sare,:ama.com, Email id: co.sec@sarecama.com, Phone no: 033-2551-2984 CIN:U2213WB1946PLC014346

Consolidated Segment wise Revenue, Results, Assets and Liabilities for the Three Months and Sll Months Ended 30 September 2022

(Rs. in Lakbs)

SI. No.

Particulars

1 Segment Revenue (a) Music (b) Films, Television serials and Events (c) Publication

Total Segment Revenue

Less: Inter Segment Revenue Total Revenue from Operations

Segment Results (a) Music (b) Films, Television serials and Events (c) Publication

Total Less:

(a) Finance costs (b) Other unallocable expenditure net of unallocable income

Total Profit Before Tu

Segment Assets (a) Music (b) Films, Television serials and Events (c) Publication (d) Unallocated Total Segment Assets

Segment Liabilities

(a) Music (b) Films, Television serials and Events (c) Publication (d) Unallocated

Total Segment Liabilities

3 Months ended 30 September 2022 (UDlluditedl

3 Months ended 30 June 2022 (Unaudited)

3 Months ended 30 September 2021 (Unaudited)

6 Months ended 30 September 2022 (Unaudited)

6 Months ended 30 September 2021 (Unaudited)

Year ended 31 March 2022 (Audited)

15,090 3,408 418 18,916 . 18,916

6,697 27 (40) 6,684

131 349 6,204

58,186 13,874 579 1,14,066 1,86,705

30,695 2,515 424 6,890 40,524

12,742 3,862 326 16,930

16,930

6,048 93 (37) 6,104

140 387 5,577

54,412 12,100 553 1,03,595 1,70,660

19,601 2,703 358 6,760 29,422

12,158 2,235 116 14,509 . 14,509

5,675 321 (334) 5,662

141 988 4,533

45,519 6,715 560 38,858 91,652

18,186 1,050 354 7,358 26,948

27,832 7,270 744 35,846 . 35,846

12,745 120 (77) 12,788

271 736 11,781

58,186 13,874 579 1,14,066 1,86,705

30,695 2,515 424 6,890 40,524

21 ,338 3,428 239 25,005

25 ,005

10,318 427 (615) 10,130

209 1,709 8,212

45,519 6,715 560 38,858 91,652

18,186 1,050 354 7,358 26,948

47,381 10,239 443 58,063 . 58,063

22,519 1,491 (1 ,177) 22,833

452 1,940 20,441

50,398 11,077 528 1,06,784 1,68,787

20,404 2,757 296 7,237 30,694

RP- Sant v Goenka Group

Saregama India Limited Registered Office: 33, Jessore Road, Dum Oum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:U2213WB1946PLC014346

Consolidated Statement of Assets and Liabilities

Particulars

(Rs. in Lakhs)

Asat 30 September 2022

Asat 31 March 2022

(Unaudited)

(Audited)

SI. No.

ASSETS

I Non-current assets

(a) Property, plant and equipment (b) Right-of-use assets ( c) Investment properties ( d) Intangible assets ( e) Intangible assets under development (f) Financial assets (i) Investments (ii) Other financial assets (g) Other non-current assets

Total non-current assets

2 Current assets (a) Inventories (b) Financial assets (i) Investment (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than (iii) above (v) Loans (vi) Other financial assets

Total current assets

TOT AL ASSETS

EQUITY AND LIABILITIES

I Equity

(a) Equity share capital (b) Other equity Equity Attributable to Owners of the Company Non-controlling interest Total Equity

Liabilities

2 Non-current liabilities (a) Financial liabilities (i) Lease liabilities

(b) Employee benefit obligations (c) Deferred tax liabilities (net) Total non-current liabilities

3 Current liabilities

(a) Financial liabilities (i) Lease liabilities (ii) Trade payables

a) Total outstanding dues of micro enterprises and small enterprises b) Total outstanding dues of creditors other than micro enterprises and small enterprises

(iii) Other financial liabilities

(b) Other current liabilities ( c) Provisions ( d) Employee benefit obligations (e) Current tax liabilities (net)

Total current liabilities

Total liabilities

21,403 155 217 7,746 263

14,476 240 4,515

49,015

14,113

43,789 11,871 5,753 43,700 2,621 3,247 1,822 10,774

1,37,690

1,86,705

1,928 1,43,899 1,45,827 354 1,46,181

67 432 5,483 5,982

39 6,299 4,750 14,863 8,412 81 3

34,542

40,524

21,411 126 219 6,017 175

14,528 197 2,916

45,589

10,544

53,076 10,780 15,273 17,101 2,282 793 2,567 10,782

1,23, 198

1,68,787

1,928 1,35,842 1,37,770 323 1,38,093

71 419 5,616 6,106

I 6,452 4,306 4,66 1 9,018 78 13

24,588

30,694

TOT AL EQUITY AND LIABILITIES

1,86,705

1,68,787

---r RP - SanI1v Goenka

r r Group

Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolka.ta - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346

Consolidated Statement of Cash Flows

·•

(Rs. in Lakhs)

SI. No.

Profit Before Tax

Particulars

A. Cash Flow from Operating Activities

Adjustments for: Depreciation and amortisation expense Allowance for expected credit loss / provision for doubtful advances Finance costs Liabilities/Provisions no longer required written back futerest income Share based payment expense Bad debts/advances written off"' Profit on sale of Investment in Mutual Fund Fair value gain on Murual Fund at FVTPL Net loss on unrealised foreign currency transactions/ translation

Operating profit before Working Capital Changes Adjustments for: Increase in Other current assets, Loans, Other non-current assets, Other financial assets Increase in Other financial liabilities, Provisions, Other current liabilities Decrease in Trade payables Decrease in Employee benefit obligations Increase in Trade receivables Increase in fuventories

Cash generated from operations

fucome taxes paid (net of refund) Net cash generated from Operating Activities (A)

B. Cash Flow from Investing Activities

Purchase of Property, plant and equipment and intangible assets Interest received Investment in Mutual Funds Proceeds from sale of Investment in Mutual Funds Fixed deposits placed with banks (with remaining maturity more than 3 months)

Net cash (used in)/ generated from Investing Activities (B)

C. Cash Flow from Financing Activities

Proceeds from issue of shares• Share premium received on issue of shares (Purchase)/Sale of Investment by Saregama Welfare Trust (Treasury Shares) (net) Repayment of principal portion of lease liabilities futerest paid on lease liabilities futerest paid on others

Net cash (used in)/ generated from Financing Activities (C)

Net (decrease)/ increase in cash and cash equivalents (A+B+C) Cash and Cash Equivalents at the beginning of the period Effect of exchange rate changes

Cash and Cash Equivalents at the end of the period

*Represents value ofless than Rs. 0.50 Laich.

6 Months ended 30 September 2022 fU nauditedl

6 Months ended 30 September 2021 (Unaudited)

11,781

8,212

866 790 271 (1) (855) 37 0 (751) (308) 22

(2,754) 9,961 (115) (3) (1,903) (3,570)

(4,229) 679 (37,014) 47,360 (26,648)

- - (743) (44) (9) (12)

506 5 209 (2) (584) 45 - (25) -

(3,382) 2,156 (139) (24) (252) (1,830)

(1 ,534) 145 - 2,541 (483)

157 8,369

(3,471) 4,898

(2,122) 2,776

71 11,852

1,616 13,468

(2,404) 11,064

(19,852)

669

0 5 258 (17) (5) (8)

(808)

(9,596) 15,273 76

5,753

233

3,678 1,113 11

4,802

Note: The above Consolidated Statement of Cash Flow has been prepared under the "Indirect Method" as set out in Ind AS 7 - 11Statement of Cash Flows".

RP · SanJlv Goenka Gtoop

The aforementioned results for the three months and six months ended 30 September 2022 have been reviewed and recommended by the Audit Committee in their meeting held on 31 October 2022 and approved by the Board of Directors of the Parent Company at their meeting held on even date. These results have been subjected to limited review by the Statutory Auditors of the Parent Company who have issued an unmodified review report on the consolidated financial results for the three months and six months ended 30 September 2022.

Pursuant to the Special Resolution passed by the Shareholders of the Parent Company by way of Postal Ballot through electronic means on 31 March 2022, the Parent Company has sub-divided its equity share of face value of Rs.IO/- (Rs. Ten only) each fully paid up, into IO (Ten) equity shares offace value Re.I/- (Rupee One only) each fully paid-up, effective from 28 April 2022. Hence, shares have now been adjusted on account of sub-division of share done by the Parent Company. This has been considered for calculating weighted average nwnber of equity shares for all periods presented, as per Ind AS 33- Earning., Per Share.

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 one step-down subsidiary), i.e. Saregama Limited (fonnerly known as Saregama Pie.), RPG Global Music Limited, Saregama FZE, Kolkata Metro Networks Limited, Open Media Network Private Limited, Digidrive Distributors Limited and Saregama Inc. (Step-down subsidiary of Saregarna India 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 unifonn 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.

Based on the guiding principles given in Ind AS 108 on "Operating Segments", the Group's business activity falls within three operating segments, namely: (a)Music (b) Films, Television serials and Events ( c) Publication

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 30 September 2022, 30 June 2022, 30 September 2021 and 31 March 2022. Unallocable corporate assets less unallocable corporate liabilities mainly represent invesbnent of surplus funds and cash and bank balances.

In view of pandemic relating to COVID - 19, the Group has considered internal and external information available up to the date of approval of these consolidated financial results and has performed analysis in assessing the recoverability of its assets including trade receivables, inventories, invesbnents, other financial and non-financial assets, for possible impact on these consolidated financial results. The Group has also assessed the impact of this whole situation on its capital and financial resources, profitability. liquidity position, etc. On the basis of its present assessment and current indicators of future economic conditions. the Group does not anticipate any material impact on these consolidated financial results. However, the actual impact of COVID - 19 on the Group's financial results may differ from that estimated and the Group will continue to closely monitor any material changes to future economic conditions.

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.

Kolkata 31 October 2022

For and on behalf of the Board of Directors of Saregarna India Limited

VIKRAM MEHRA

Digitally signed by VIKRAM MEHRA Date: 2022.10.31 12:27:08 +05'30'

Vikram Mebra Managing Director DIN: 03556680

B S R & Co. LLP

Chartered Accountants

Unit No. 603, 6th Floor, Tower 1, Plot No. 5, Block DP, Godrej Waterside, Sector V, Salt Lake, Kolkata 700091

Telephone: +91 33 4035 4200 Fax: +91 33 4035 4295

Limited Review Report on unaudited standalone financial results of Saregama India Limited for the three months ended 30 September 2022 and year-to-date standalone financial results for the period from 01 April 2022 to 30 September 2022 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of Saregama India Limited

1. We have reviewed the accompanying Statement of unaudited standalone financial results of Saregama India Limited (the Company) for the quarter ended 30 September 2022 and year-to-date results for the period from 01 April 2022 to 30 September 2022 (the Statement).

2. This Statement, which is the responsibility of the Companys management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting (Ind AS 34), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Our responsibility is to issue a report on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B S R & Co. LLP

Chartered Accountants

Firms Registration No.:101248W/W-100022

Jayanta Mukhopadhyay

Partner

Membership No.: 055757

UDIN:22055757BBKQOA6580

Kolkata

31 October 2022

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063

Registered Office:

Saregama India Limited Registered Oflke: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no : 033-2551-2984 CIN:L22213WB1946PLC014346

.• ,

(Rs. in Lakbs)

Statement of Standalone Financial Results for the Three Months and Six Months Ended 30 September 2022

Particulars

3 Months ended 30 September 2022

(Unaudited)

3 Months ended 30 June 2022 (Unaudited)

3 Months ended 30 September 2021 (Unaudited)

6 Mouths ended 30 September 2022

(Unaudited)

6MontMended 30 September 2021 (Unaudited)

Year ended 31 March2022 (Audited)

16,421

1,152

17,S73

3,S36

1,889

129

446

1,721

1,S09

2,135

14,786

978

15,764

3,322

1,589

138

399

1,637

1,253

1,838

14,213

519

14 732

3,319

1,711

141

274

1,715

1,764

1,330

31,207

2,130

33,337

6,858

3,478

267

845

3,358

2,762

3,973

24,436

801

25 237

4,779

3,066

209

502

2,732

3,206

2,556

11,365

l0,176

l0254

21,s41

17050

56,831

3,341

60,172

14,053

6,108

451

1,302

6,197

6,320

5,542

39,973

~~ RP - SanJlvGoenka

Group

SL No.

Income

(a) Revenue from operations

(b) Other income

Total Income

Eipemes

(a) Operational cost•

(b) Employee benefits expense

(d) Depreciation and amortisation expense

(e) Advertisemem and saJes promotion

(f) Royalty expense

(g) Other expenses

Total Expenses

Profit before exceptional items and tax (1-2)

6,208

5,588

4,478

11,796

8,187

20,199

Exceptional Items

Profit before tu (3-4)

TuExpeme

(a) Current Tax

(b) Deferred Tax (net)

Total tax expense

6,208

5,588

4,478

11,796

8,187

20,199

1,711

(125)

1,S86

1,441

/14)

1,427

1,171

/18)

1,153

J,152

(139)

3,013

2,145

(46)

2,099

4,986

171

5,157

Profit for the period (5-6)

4,622

4,161

3,325

8,783

6,088

15,042

Other Compreheosive Income (net of taxes)

(a) (b)

Items that will be reclassified to profit or loss Items that will not be reclassified to profit or loss

Total other comprehensive income

Total comprehensive income for the period (7+8)

Paid-up Equity Share Capital (Face Value ofRe.l/- each) (Refer Note 2)

Other equity

Earnings Per Share (Face Value Re.I/- each): # (Refer Note 2)

(a) Basic(Rs.)

(b) Diltrted(Rs.)

*Includes media content cost, contract manufactunng charges and cost of production offihns, telev1S1on senal.9 and events.

#Figures for three months and six months are not amrualised.

941

5,S63

1,928

2.40

(993)

3,168

1,928

2,879

6204

1,743

(52)

8,731

1,928

6,135

3,215

12 223

18,257

1,743

1,928

2.16

1.91

4.56

3.51

3.50

1,35,255

8.31

8.30

Saregama India Limited Registered Of'J'ke: 33, Jeuore Road, Dum Dum, Kolkata- 700 028 web: l'l-ww,saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN,L22213WBl946PLC0l4346

.• ,

(R,. in Laklu)

Standalone Sumeot wbe Revenue Results Alset1 and Liabilities for the Three Months and SU. Mouths Ended 30 Se tember 2022

Particulars

]Months ended 30 September 2022 (Unaudited)

3 Monlhs ended 30 June 2022 (Unaudited)

3 Moolhs ended 30 September 2021 (Unaudited)

6Months ended 30 September 2022 (Unaudited)

6 Months ended 30 Sentember 2021 (Unaudited)

Year ended 31 March 2022 (Audited)

14,889

1,532

16;121

6,830

(122)

6,708

129

371

6,208

59,671

13,187

1,11,633

1,84;191

30;132

1,944

6,9 11

39,287

12,620

2,166

14,786

11 ,978

2,235

14,213

14,786

14,213

6,087

6,094

138

368

5,588

55,963

11 ,413

1,01,158

1,68,534

19,248

2,132

6,790

28,170

5,280

321

5,601

141

982

4,478

44,984

6,715

37,537

89,236

17,6 13

1,050

7,067

25,730

27,509

3,698

31,207

12,917

(IIS)

12,802

267

739

11,796

59,671

13,187

1,11,633

1,84;191

30;132

1,944

6,9 11

39,287

21,008

3,428

24,436

46,592

10,239

56,831

24,436

56,83 1

9,669

427

10,096

209

1,700

8,187

44,984

6,715

37,537

89,236

17,6 13

1,050

7,067

25,730

21,082

1,491

22,573

451

1,923

20,199

49,828

11,077

1,06,251

1,67, 156

19,978

2,757

7,238

29,973

Ji:.

--,~ Group

RP - SanJlv Goenka

SI. No.

I Segment Revenue

(a) Music

(b)

Films, Television serials and Events

Total segment revenue

Leu: Inter Se1;meot Revenue

Total Revenue from Operations

2 Segment R e1ult1

(a) Music

(b)

Films, Television serials and Eveius

Total

Leat:

(a)

Finance costs

(b) Other unallocable expenditure net of unallocable income

Total Profit Before Tas

3 Segment Auett

(a) Music

(b)

Films, Television serials and Events

Total Se1;ment Attets

4 Segment Liabilities

(a) Music

(b)

Films, Television serials and Events

Total Sepnent l.i.abilitiet

').. .. RP - S njlv Goenka

, r-· G101.1p

Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id : co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346

Standalone Statement of Assets and Liabilities

Particulars

(Rs. in Lakhs)

As at 30 September 2022

(Unaudited)

Asat 31 March 2022 (Audited)

SI. No.

ASSETS

I Non-current assets

(a) Property, plant and equipment (b) Rigbt-of-use assets ( c) Investment properties (d) Intangible assets ( e) Intangible assets under development (f) Financial assets (i) Investments (ii) Other financial assets (g) Other non-current assets

Total non-current assets

2 Current assets (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than (iii) above (v) Loans (vi) Other financial assets

Total current assets

TOTAL ASSETS

EQUITY AND LIABILITIES

I Equity

(a) Equity share capital (b) Other equity Total Equity

Liabilities

2 Non-current liabilities (a) Financial liabilities (i) Lease liabilities

(b) Employee benefit obligations (c) Deferred tax liabilities (net) Total non-current liabilities

3 Current liabilities

(a) Financial liabilities (i) Lease liabilities (ii) Trade payables

21,390 96 217 7,745 263

16,342 240 4,515

50,808

13,894

41,226 11,820 3,625 43,700 2,727 3,293 1,715 11,683

1,33,683

1,84,491

1,928 1,43,276 1,45,204

39 380 5,507 5,926

39 6,088 4,171 14,524 8,403 74

33,361

39,287

21 ,398 126 219 6,013 175

16,394 195 2,916

47,436

10,3 17

50,571 10,751 14,706 17,101 2,385 787 2,516 10,586

1,19,720

1,67,156

1,928 1,3 5,255 1,37,183

71 367 5,655 6,093

1 6,163 4,090 4,493 9,003 71

23,880

29,973

a) Total outstanding dues of micro enterprises and small enterprises b) Total outstanding dues of creditors other than micro enterprises and small enterprises

(iii) Other financial liabilities

(b) Other current liabilities ( c) Provisions (d) Employee benefit obligations

Total current liabilities

Total liabilities

TOTAL EQUITY AND LIABILITIES

1,84,491

1,67,1 56

~~ AP · S nJlv Goenka

rr Gtoup

Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolka.ta - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346

Standalone Statement of Cash Flows

(Rs. in Lakhs)

6 Months ended 30 September 2022 fU nauditedl

6 Months ended 30 September 2021 (Unaudited)

11,796

8,187

SI. No.

Profit Before Tax

Particulars

A. Cash Flow from Operating Activities

Cash generated from operations

Income taxes paid (net of refund) Net cash generated from Operating Activities (A)

B. Cash Flow from Investing Activities

Purchase of Property, plant and equipment and intangible assets Interest received Loan to subsidiary companies (net) Investment in Mutual Funds Proceeds from sale of Investment in Mutual Funds Fixed deposits placed with banks (with remaining maturity more than 3 months)

Net cash (used in)/ generated from Investing Activities (B)

C. Cash Flow from Financing Activities

Proceeds from issue of shares• Share premium received on issue of shares (Purchase)/Sale of Investment by Saregama Welfare Trust (Treasury Shares) (net) Repayment of principal portion of lease liabilities Interest paid on lease liabilities Interest paid on others

Net cash (used in)/ generated from Financing Activities (C)

Net (decrease)/ increase in cash and cash equivalents (A+B+C) Cash and Cash Equivalents at the beginning of the period

Cash and Cash Equivalents at the end of the period

*Represents value of less than Rs. 0.50 Lakh.

845 846 267 - (910) 37 0 (751) (251) 3

(3,855) 9,432 (37) (8) (1,927) (3,577)

(4,227) 679 - (37,014) 47,360 (26,648)

- - (743) (29) (6) (12)

86 11,882

28 11,910

(2,351) 9,559

502 16 209 (2) (593) 45 - (25) -

(3,391) 2,085 (149) (24) (175) (1,892)

(1 ,525) 145 (9)

- 2,541 (483)

155 8,342

(3,546) 4,796

(2,100) 2,696

(19,850)

669

0 5 258 (17) (5) (8)

(790)

(11,081) 14,706

3,625

233

3,598 630

4,228

Note: The above Standalone Statement of Cash FJow has been prepared under the "Indirect Method" as set out in Ind AS 7 - "Statement of Cash Flows".

RP - san1 "Goenka. Group

The aforementioned results for the three months and six months ended 30 September 2022 have been reviewed and recommended by the Audit Committee in their meeting held on 31 October 2022 and approved by the Board of Directors of the Company at their meeting held on even date. These results have been subjected to limited review by the Statutory Auditors of the Company who have issued an umnodified review report on the standalone financial results for the three months and six months ended 30 September 2022.

2 Pursuant to the Special Resolution passed by the Shareholders of the Company by way of Postal Ballot through electronic means on 31 March 2022, the Company has sub-divided its equity share of face value of Rs. IO/- (Rs. Ten only) each fully paid up, into 10 (Ten) equity shares of face value Re. I/- (Rupee One only) each fully paid-up, effective from 28 April 2022. Hence, shares have now been adjusted on account of sub-division of share done by the Company. This has also been considered for calculating weighted average number of equity shares for all periods presented, as per Ind AS 33- Earnings Per Share.

Out of the 53,38,628 equity shares of Rs.JO/- each issued for cash at a premium ofRs.35/-(issue price-Rs.45/-) pursuant to the Rights Issue in 2005, allotment of5,290 equity shares of face value Rs.JO/- each (relating to cases under litigation / pending clearance from concerned authorities) were in abeyance till 30 September 2022. These shares have now been adjusted on account of sub division of share done by Company as explained in note 2 above.

In order to lay specific focus on the e-commerce distribution business of the Company alongwith identified non-core assets (including investrnent(s) in publication business) and other activities and/ or arrangements incidental or relating thereto, the Board of the Directors of the Company at its meeting held on 30 March 2022 approved, subject to necessary approvals, Scheme of Arrangement between the Company and Digidrive Distributors Limited, a wholly owned subsidiary ("Resulting Company") and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ("Act") ("Scheme") which inter alia provides for the dernerger, transfer and vesting of the Dernerged Undertaking (as defined in the Scheme) from the Company into the Resulting Company, on a going concern basis. The appointed date being I April 2022. Upon implementation of the Scheme, each shareholder of the Company would be entitled to fully paid shares of the respective companies in the ratio set out in the Scheme. Necessary accounting effect of the Scheme will be given in due course, upon receipt of the requisite approvals.

5 Based on the guiding principles given in Ind AS 108 on "Operating Segments", the Company's business activity falls within two operating segments, namely:

(a)Music (b) Films, Television serials and 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 30 September 2022, 30 June 2022, 30 September 2021 and 31 March 2022. Unallocable corporate assets less unallocable corporate liabilities mainly represent investment of surplus funds and cash and bank balances.

In view of pandemic relating to COVID - 19, the Company has considered internal and external information available up to the date of approval of these standalone financial results and has performed analysis in assessing the recoverability of its assets including trade receivables, inventories, investments, other financial and non-fmancial assets, for possible impact on these standalone :financial results. The Company has also assessed the impact of this whole situation on its capital and financial resources, profitability, liquidity position, etc. On the basis of its present assessment and current indicators of future economic conditions, the Company does not anticipate any material impact on these standalone financial results. However, the actual impact of COVID - 19 on the Company's financial results may differ from that estimated and the Company will continue to closely monitor any material changes to future economic conditions.

7 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.

For and on behalf of the Board of Directors of Saregama India Limited

Kolkata 31 October 2022

Vikram Mehra Managing Director DIN: 03556680

VI KRAM Digitally signed MEHRA Date:2022.1031

by VIKRAM MEHRA

12:26:00 +05'30'

Q2 FY23 YOY Growth: Revenue by 30%. PAT by 36%

Building IP for Tomorrow

Mumbai, October 31, 2022: Saregama, a RPSG Group company, announced its financial results for the Quarter and Half Year Ended September 30, 2022.

The Company posted highest ever Operating Revenue for the quarter to reach Rs.1,892 Mn in Q2FY23 up 30% YoY.

Company’s Operating Income before Content Charge, Interest and Depreciation (OIBCID) rose 31% to Rs.699 Mn in Q2 FY23 from Rs.535 Mn in corresponding quarter last year.

Q2 FY23 PBT stood at Rs.621 Mn as against Rs.453 Mn in the corresponding quarter last year (i.e., 37% growth YoY)

During this quarter, Company launched music of Superstar Chiranjeevi’s God Father, Kalyan Ram’s Bimbisara etc. in Telugu; Anurag Kashyap’s film Do Baaraa and Balki’s film Chup in Hindi; Dhanush’s film Naane Varuvean in Tamil and Diljit Dosanjh’s film Babe Bhangra Paunde Ne in Punjabi. It also released multiple ‘Originals’ songs sung by Adnan Sami, Satinder Sartaj, Shilpi Raj and Pawan Singh. Overall, Company released 308 films and non-films songs across Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi and Bengali languages. The other highlight of the quarter was the use of our songs for the film “Vikram Vedha”, “Dharamveer, “Jind Maahi” etc. for digital content like Coke Bangla and Delhi Crime Season-2 and by brands like WhatsApp, Uber, Dettol etc. in their ad films.

Company also announced its long-term partnership with Bollywood music maven Arijit Singh to create multiple original songs and renditions in Hindi and Bengali.

Carvaan continued to regain its momentum. The unit sales grew by 51% YoY, with the help of newly launched variant, Carvaan Mobile. Overall, Company sold 156k units in Q2 compared to 103k last year.

Company announced two new Malayalam films, namely superstar Prithviraj Sukumaran’s Khalifa and Asia Ali’s Kasargold.

After a record run of over 2300 episodes, the super successful Tamil TV serial ‘Chandralekha’ was replaced by a new serial Ilakkiya on Sun TV.

Avarna Jain, Vice Chairperson Saregama India, said “Saregama’s strategy of investing in high quality new IP across audio and video has started paying rich dividends. And this is expected to accelerate with the growing digitisation across social strata in India”.

Vikram Mehra, MD Saregama India, said "Saregama has started achieving no.1 or 2 position in New Music across multiple Indian languages. Very soon we will not just be the biggest catalogue company but become leader in New Indian music also”.

About Saregama India Limited:

Saregama India Limited, formerly known as The Gramophone Company of India Ltd is a RPSG group company owning the largest music archives in India and one of the biggest in the world. The ownership of nearly 50 per cent of all the music ever recorded in India also makes Saregama the most authoritative repository of the country’s musical heritage. Saregama has also expanded into other branches of entertainment - film & series production, live events, and music-based consumer products.

About RPSG Group:

RP-Sanjiv Goenka Group is one of India’s fastest growing conglomerates with a significant global presence. The Group’s businesses include power and energy, carbon black manufacturing, retail, IT- enables services, FMCG, media and entertainment and agriculture.

For further information, please contact: Honey Sheth | honey.sheth@mslgroup.com|9870097011 Nehal Palod | nehal.palod@mslgroup.com | 9329983701

SAREGAMA INDIA LIMITED | QUARTERLY PRESENTATION | Q2 FY23

SAREGAMA STRENGTHS

India’s only entertainment company with IP offerings across media channels (music, films, web series and TV serials), delivery platforms (physical and digital) and business models (licensing and retail)

Large intellectual property portfolio of 142K+ songs, 65 films, 1 web-series, 6K+ hours of television content

Strong licensing relationships with streaming applications and platforms for music and video

Increasing IP library with a growing presence in all leading Indian languages

Investments and Capabilities in Data Analytics and Technology for content acquisition and IP protection

Strong financial position with track record of revenue growth, margin expansion and cash flow generation

Experienced and creative leadership through Management Team and Promoter Group

STRATEGIC OVERVIEW

Digitisation Driving Growth

Digital Boom in India

Increase in App Usage

~750M smart phones Cheap Data # stay-at-home

driving

Video/Music Streaming Netflix, Spotify, Saavn, Amazon, etc. Social Media YouTube, Facebook, etc. Video Sharing Instagram, YT Shorts, Tik Tok etc. Gaming E-Commerce Amazon/Flipkart Chat/Mail WhatsApp / Gmail

driving

Increase in Demand for Content

Music Films Web Series TV Series Podcasts Games

142k+ Songs | 65 Movies | 1 Web Series | 6k+ hrs of TV Series | Advantage Saregama

STRATEGIC OVERVIEW

To be a Pure Play Content Company capitalising on the global content consumption boom

driven by the ever-increasing Digitisation

Monetisation of Existing IP

Building of New IP

Through licensing to EVERY 3rd party Digital (music, video, social) and TV platform.

Carvaan transitioning from being a Product with only one-time margin to a Platform with upfront margin and recurring advertising and subscription revenue.

Cementing leadership position with New film and non-film music acquisition across Hindi, Tamil, Telugu, Bhojpuri, Gujarati, Punjabi, Malayalam, Bengali and other regional languages.

Producing Theatrical Films in only Regional languages and Web Series in all languages. Revenue secured through pre-licensing to digital platforms. Scale allowing lower cost of production.

IP Creation ambition over next 3-5 years

Market Leadership In Music Segment

60 New Films and Web Series Episodes

1200 - 1500 hrs of new TV serials content

SAREGAMA WANTS TO TAKE MARKET LEADERSHIP POSITION IN INDIAN MUSIC

Disproportionate

share of

New Content across Hindi & Regional Languages

Acquisition of Small & Mid size Music Catalogues to plug in the Content Gaps of last 25 years

Artiste Management

Live Events

Catalogue Strength

SAREGAMA MUSIC IP

Licensing Revenue (INR Mn)

Fast Growing

Licensing Revenue

FY22

FY21

FY20

FY19

FY18

3,585

2,839

2,361

1,949

1,478

* One time income of INR 97 Mn (FY22), 155 Mn (FY21) and INR 21 Mn (FY20) are excluded

On account of

A. Saregama’s Focus on New Music

B. Growing customer interest in Retro Music

C. Presence across all Indian Languages

Share of Saregama’s Songs by Decades

Catalogue Usage across OTT/YouTube/ TV Channels/Radio etc (Bn)

2001-2021

1981-2000

1961-1980

29%

27%

40%

26%

31%

Till 1960

15%

Count of Songs

Revenue

FY22

FY21

FY20

FY19

FY18

141

111

Share of Saregama’s Songs by language

Others 13%

Bhojpuri 1%

Kannada, 2%

Gujrati 2%

Malayalam 5%

Marathi 5%

Punjabi 6%

Telugu 6%

Tamil 9%

Hindi 29%

Bengali 20%

A typical movie has 5 songs. Assuming a music label acquires 1000 movies in a year, it will get 5k songs. By comparison, Saregama owns 142k songs, each digitised with rich metadata behind it, giving it a big competitive advantage

OUR LICENSING PARTNERS

Streaming Partners Music

Broadcasting Partners Music + Films & Series

Video Streaming Partners Music + Films & Series

uVideo

Social Media Platforms Music + Films & Series

Brands Music

OPERATIONAL HIGHLIGHTS

MUSIC SEGMENT POSTED HIGHEST EVER QUARTERLY REVENUE

MUSIC SEGMENT REVENUE PER QUARTER (INR Mn)

1509

1333

1271

1274

1216

1153

1142

917

919

1004

1013

696

Q3-FY20

Q4-FY20

Q1-FY21

Q2-FY21

Q3-FY21

Q4-FY21

Q1-FY22

Q2-FY22

Q3-FY22

Q4-FY22

Q1-FY23

Q2-FY23

Revenue grew 24% Y-o-Y to reach INR 1509 Mn in Q2FY23

MUSIC SEGMENT LICENSING : MONETISATION

• Brand Licenses:

WhatsApp, Uber, Dettol, One Card etc. Zomato, Colorbar product integrations in New Songs

• Digital Content Licenses:

Coke Studio Bangladesh, Delhi Crime Season 2 (Netflix) etc.

YOUTUBE VIEWS (Bn) PER QUARTER

• Film Sync Licenses:

Licensed 2 songs for the film “Vikram Vedha”; 1 song deal with Dharma Production’s “Govinda Mera Naam”; 3 songs deal with Marathi Movie “Dharamveer” and 4 songs deal with Punjabi film “Jind Maahi”

Q1FY22

Q2FY22

Q3FY22

Q4FY22

Q1FY23

Q2FY23

Includes all views related to Saregama IP across its Owned Channels and User Generated Content

• Licensing deal with DD National for their program “Suron Ka Eklavya”

Season 1 & 2

MUSIC SEGMENT : CONTENT CREATION Film Albums released in Q2

HINDI

TELUGU

TAMIL

MALAYALAM

KANNADA

Balki Film

Chiranjeevi / Salman Film

Kalyan Ram Film

Dhanush Film

Manju Warrier Film

Dhananjaya

Anurag Kashyap film

PUNJABI

Sudheer Babu

Manchu Vishnu & Sunny Leone

Jiiva Film

Soubin Shahir

BENGALI

Shubho Bijoya

Diljit Dosanjh Film

Naga Shaurya Filn

Satyadev

Vimal

Sharafudheen

Bhotbhoti

MUSIC SEGMENT : CONTENT CREATION 223 Non-Film Songs released in Q2

HINDI

BHOJPURI

GUJARATI

PUNJABI

BENGALI

DEVOTIONAL

Adnan Sami

Pawan Singh Fastest 50M on YT

Rakesh Barot

Satinder Sartaj

Usha Uthup

Hansraj Raghuwanshi

Shaan / Neeti Mohan

Khesari Lal Yadav

Kajal Maheriya

Luvdeep Saini

Iman Chakraborty

Abhilipsa Panda

Anjali Arora

Neelkamal Singh

Rakesh Barot

Jashan Singh

Anupam Roy

MUSIC SEGMENT : CONTENT CREATION

Saregama partners Arijit Singh to create original songs It is a proud moment for us to associate with a talent powerhouse like Arijit and TM Ventures. Saregama has always believed in bringing the best music to its Indian and global audiences. We hope to create some great music that remains fresh for many generations to come.

“

”

Multi Songs Multi Language Multi Years Partnership

MUSIC SEGMENT : RETAIL

Retail:

Carvaan Sales (units ‘000s)

156

• Momentum building back. Unit Sales grows by 50% Y-o-Y

141

• Carvaan Mobile volumes building up

• Carvaan Go being phased out

• Margin % similar on all Carvaan variants : base model,

Mini, Mobile, Music Bar

103

112

Q1-FY22

Q2-FY22

Q3-FY22

Q4-FY22

Q1-FY23

Q2-FY23

Future Outlook

▪ Reliance on Natural Pull from the market

▪ Tight cost controls to continue

FILMS, WEB SERIES & TV SEGMENT

Films and Web Series

• Announced second Malayalam film with superstar Prithviraj Sukumaran “Khalifa”

• Announced

pack Malayalam film “Kasargold” starring Asif Ali

action

TV Segment

• Company started its new TV Serial “ IIakkiya” on

Sun TV from 10th Oct’22. This replaces Chandralekha which had a run of 2304 episodes

• In Q2 All three serials Roja, Chandralekha and

Anbe Vaa were the Slot Leaders in their respective prime time slots.

• Saregama TV Shows YouTube channel garnered

341 Mn views in Q2FY23

Future Outlook

• First Punjabi film “Oye Makhana” starring Amy Virk set to release on 3rd November’22.

• “Kaapa” Starring superstar

Prithviraj Sukumaran expected to release in Q3FY23.

Future Outlook

• Unlocking the value of existing IP through language remakes, new platform licensing and syndication

NEW INITIATIVES

Live Music Events

➢ “Saregama's Live” with India’s biggest live Performance star Diljit Dosanjh, continued its success overseas

• 6 concerts were held in USA in Q2FY23 : New Jersey, Fairfax, Dallas, Houston, Los Angeles and Oakland

➢ Saregama Live’s next project is the stage adaptation of

Bollywood’s iconic film – Disco Dancer

FINANCIAL HIGHLIGHTS

CONSOLIDATED

QUARTERLY FINANCIAL SUMMARY

Particulars (INR Mn) Revenue from Operations • Music • •

Films, Television serials and Events Publication

Revenue from Operations

Operating Income before Content Charge, Interest and Depreciation (OIBCID)

Q2 FY23

Q1 FY23

Q-o-Q Growth

Q2 FY22

Y-o-Y Growth

1,509 341 42

1,892

699

1,274 386 33

1,693

647

18% (12)% 27%

12%

1,216 223 12

1,451

535

24% 53% 250%

30%

31%

Content Charge include the following charges related to the new content during the year: 1) 4) Content charge does not include any royalty paid post recoupment of the Minimum Guarantee amount.

Amount amortised in case of Royalty based deals 2) Amount amortised against the one-time fee paid in case of Outright purchase-based deals 3) Marketing of new content

Revenue from Operations (INR Mn)

OIBCID (INR Mn) & OIBCID Margin

223

14 156

12 119

525

386

341

919

1,216

1,333

1,271

1,274

1,509

700

200

40%

37%

42%

37%

36%

38%

421

535

629

644

647

699

43%

38%

33%

28%

23%

18%

13%

Q1-FY22

Q2-FY22

Q3-FY22

Q4-FY22

Q1-FY23

Q2-FY23

Q1-FY22

Q2-FY22

Q3-FY22

Q4-FY22

Q1-FY23

Q2-FY23

Music

Films, TV & Events

Publication

OIBCID

OIBCID Margin

OIBCID to PAT

Particulars (INR Mn)

Q2-FY23

Q1-FY23

Q-o-Q Growth

Q2-FY22

Y-o-Y Growth

H1-FY 23

H1-FY23 without impact of Change in Useful Life

H1-FY 22

Y-o-Y Growth

Revenue from Operations (A)

1,892

Total Expenses (B)

1,193

OIBCID (C= A-B)

OIBCID Margin (%)

Content Charging Cost (D)

Depreciation (E)

Finance Cost (F)

Other Income (G)

PBT (C-D-E-F+G)

Tax

PAT

PAT Margin (%)

Diluted EPS (Face Value Re.1)

699

37%

171

113

621

160

461

24%

2.39

1,693

1,046

647

38%

168

557

143

414

24%

2.15

12%

14%

(7)%

14%

11%

12%

11%

30%

31%

50%

17%

(7)%

117%

37%

39%

36%

1,451

916

535

37%

114

453

115

338

23%

1.94

3,585

2,239

1,346

38%

339

212

1,178

303

875

24%

4.54

3,585

2,239

1,346

38%

387

212

1,130

291

839

23%

4.35

2,500

1,544

956

38%

182

821

210

611

24%

3.51

43%

45%

41%

86%

17%

29%

165%

43%

44%

43%

• • • •

The management has reviewed the useful life of Music rights with help of benchmarking study done by EY on accounting practices of leading global music labels Given the increased consumption of content along with outlook for the music market, resultant useful life of the newly acquired music rights is longer than the previously estimated life. Starting 1st April 2022, the content cost of music rights is being amortized basis the increased useful life of 10 years As a result of the above revision, the content cost for H1FY23 is lower by INR 48Mn as compared to the charge based on previous estimates, leading to incremental PAT of INR36Mn.

BALANCE SHEET

Equity and Liabilities (INR Mn)

As at 30th Sept’ 2022

As at 31st Mar’ 2022

Shareholder's fund

(a) Equity share capital (b) Other equity

Net worth

(a) Non-controlling interest

Non-current liabilities

(a) Financial liabilities (i) Lease liabilities

(b) Employee benefit obligations (c) Deferred tax liabilities (net)

Current liabilities

(a) Financial liabilities

(i) Lease liabilities

(ii) Trade payables

(iii) Other financial liabilities

(b) Other current liabilities (c) Provisions (d) Employee benefit obligations

(e) Current tax liabilities

193

14,390 14,583

193

13,584 13,777

7 43 548

634

475

1,487 841 8 -

7 42 562

645

431

466 902 8 1

Total

18,671

16,879

Assets (INR Mn)

Non-current assets

As at 30th Sept’ 2022

As at 31st Mar’ 2022

(a) Property, plant and equipment

2,140

2,141

(b) Right-of-use assets

(d) Intangible assets

(e) Intangible assets under development

(f) Financial assets

(i) Investments

(ii) Other financial assets

(g) Other non-current assets

Current assets

(a) Inventories

(b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents

(iv) Bank balances other than (iii) above

(v) Loans

(vi) Other financial assets

775

1,448

452

602

1,453

292

1,411

1,054

4,379 1,187 575

4,370

262

325

182

1,077 18,671

5,308 1,078 1,527

1,710

228

257

1,078 16,879

CASH FLOW STATEMENT

Particulars (INR Mn)

Pre-Tax Profit

Change in other operating activities ( including non-cash Items)

Change in Working capital

Taxes Paid

Net cash generated from Operating Activities (A)

Investment in Fixed Deposits with maturity > 3m

Redemption/(Investment) in Mutual Fund

Net cash used in Fixed assets and other Investing activities

Net cash used in Investing Activities (B)

Net cash (used in)/generated from Treasury Shares

Proceeds from Issue of Share Capital #

Repayment of Lease Liability

Dividend paid

Interest paid

Net cash (used in)/generated from Financing Activities (C)

Net (decrease)/increase in Cash and Cash Equivalent

Cash and Cash Equivalents at the beginning of the period

Effect of Translation of foreign currency cash and cash equivalents

Cash and Cash Equivalents at End of the period

# Net of Issue expense of INR 168 Mn

H1-FY 23

FY 22

1,178

162

(240)

(2,665)

1,035

(355)

(74)

(6)

(1)

1,107

2,044

(139)

(389)

(572)

(718)

(4,995)

(590)

944

(1,985)

(6,303)

7,332

(4)

(577)

(11)

(81)

(959)

1,527

575

6,773

1,414

111

1,527

FINANCIAL CHARTS (CONSOLIDATED)

Revenue from Operations (Turnover) (INR Mn)

Music Licensing Revenue (INR Mn)

PAT (INR Mn)

Diluted EPS (INR)

7 4 4 5

5 1 2 5

6 0 8 5

0 2 4 4

6 6 5 3

5 8 5 3

9 3 8 2

1 6 3 2

9 4 9 1

8 7 4 1

6 2 5 1

5 3 1 1

4 8

5 6

3 4 5

5 3 4

3 8 2

6 1

1 3

5 2

FY18 FY19 FY20 FY21 FY22

FY18 FY19 FY20 FY21 FY22 * One time income of IINR 97 Mn (FY22), INR 155 Mn (FY21) and INR 21 Mn (FY20) are excluded

FY18 FY19 FY20 FY21 FY22

Debt to Equity Ratio

Return on Equity (ROE) (%)*

Book Value Per Share (INR)

Dividend per Share (INR)

8 2 0

9 0 0

3 0 0

FY18 FY19 FY20 FY21 FY22

* Debt is Nil as on 31st Mar’22 and 31st March’21.

% 9 3 2

% 3 3 3

% 8 5 1

7 1 6

0 0 2

0 0 3

% 4 6 1

% 8 2 1

1 3 1

2 5 1

3 0 1

6 9 1

0 3

5 1

FY18 FY19 FY20 FY21 FY22

FY18 FY19 FY20 FY21 FY21

* ROE = PAT / Shareholders Equity * Shareholders Equity = Equity share capital and free reserves The decrease in ROE for FY22 is on account of fresh fund raise through QIP of Rs.7500 MN

DISCLAIMER

Saregama India Ltd. Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Saregama India Ltd., which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from.

This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.

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