SAREGAMANSE6 September 2025

Saregama India Limited has informed the Exchange about Investor Presentation

Saregama India Limited

Date: 6th September, 2025

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

The General Manager Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001

Symbol: SAREGAMA

Scrip Code: 532163

Sub: Investor Presentation

Dear Sir/ Madam,

Further to our letters dated 21st August , 2025 and 4th September, 2025, we enclose herewith the copy of the Investor Presentation to be made by the Company at the upcoming Investors Conference scheduled to be held on 8th September, 2025.

The above information is being submitted in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

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

You are requested to kindly take the abovementioned on record.

Yours Faithfully, For SAREGAMA INDIA LIMITED

Nayan Misra Company Secretary & Compliance Officer

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

SA R EG A M A I N D I A L I M I T E D

RPSG Investor Day | September 2025

RPSG Group: Building a diversified conglomerate

Group turnover ₹ 42,100 Cr. (~ US$ 5 Bn)

Power

IT-Enabled Services

Chemicals

EBITDA ₹ 7,900 Cr. (~US$ 930 Mn)

Asset base ₹ 67,700 Cr. (US$ 8 Bn)

Over 1.2 Million Shareholders

▪ One of India’s New-age And fastest growing conglomerates

▪ Strong workforce of 55,000+ employees, belonging to different nationalities

Media & Entertainment

FMCG

Consumer & Retail

Sports

Plantations

▪ Presence in 60+ countries

▪ 100+ offices worldwide

* All figures as on FY25

Education & Infrastructure

2

RPSG Group: Key Businesses at a Glance

India’s first fully integrated utility company,

serving 4.8 Mn Consumers across 7 locations.

Aiming for 3.2GW renewable energy capacity by FY29 and scale it up to 10GW by FY32.

A global leader in BPS- delivering transformative, AI-powered solutions at speed and scale.

LSG is a premier IPL franchisee focused on nurturing the future of Indian cricket.

A Global Specialty Chemical company and India’s Largest Carbon Black player.

Too Yumm, a flavorful & better-for-you snacking

Innovating in the personal care category through new-age brands Naturali and Within Beauty.

An entertainment Company with IP of 175k+ songs, 70+ films, 10k+ hrs TV serials & 55+ web series.

Eastern India’s definitive destination for luxury, style, and curated lifestyle experiences.

India’s finest organized retailer with varied assortments.

gourmet and multi-format

Delivering sharp journalism, bold storytelling, and immersive experiences across print, digital, and video.

To be a responsive conglomerate driven by sustainable growth, efficiency and innovation

Vision

3

RPSG Group: Delivering Sustainable Growth

2.5x

11% CAGR

24% CAGR

Innovation

Value Addition

Capital Allocation

Setting up leadership team

Scaling of existing businesses

Foray into new businesses

Driving Efficiencies

Cost focus

Amt in Rs Cr.

4

INDIA’S LEADING AND ONLY ENTERTAINMENT COMPANY WITH DIVERSIFIED BUSINESS

First recording of an Indian song by Gauhar Jaan.

RPG Group acquired the company

TV Serial production started

Carvaan launched

Started investing in non-film music

Acquired digital entertainment Company

1902

1946

1986

2000

2001

2016

2017

2017

2020

2022

2023

Company incorporated as The Gramophone Company (India) Pvt. Ltd.

Products started retailing under ‘Saregama’

Started investing in new Film Music again

Film Production House Launched

Launched Live Events business

KEY FINANCIAL METRICS

Revenue from Operations (INR Mn)

Adjusted EBITDA (INR Mn)

PBT (INR Mn)

23% CAGR

11,713

40% CAGR

3,566

3,029

2,712

8,030

7,366

5,447

5,215

5,806

4,420

3,566

2,185

2,230

1,451

786

763

511

237

43% CAGR

2,761

2,708

2,481

2,044

1,519

847

603

389

159

FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

FY23 numbers are re-stated post impact of demerger

BUSINESS SEGMENTS

6,104

5,441

4,410

3,585

2,839

2,361

16%

1,024

1,085

1,159

702

521

1,920

FY20

FY21

FY22

FY23

FY24

FY25

* One time income of INR 84Mn in FY23, INR 97Mn in FY22, INR 155Mn in FY21 and INR 21Mn in FY20 are excluded A. Music : Licensing + Artiste Management

52%

2,062

1,298

1,296

1,056

861

837

FY25 Revenue INR 11,713 Mn

8%

FY20

FY21

FY22

FY23

FY24

FY25

B. Retail

FY23 numbers are re-stated post impact of demerger

FY20

FY21

FY22

FY23

FY24

FY25

24%

C. Video : Films, Digital Series, TV Series, and Short-Format

2,852

FY25

490

FY23

134

FY24

D. Events

FUTURE OUTLOOK (FY30)

FY26 Revenue

Growth Drivers : Industry | Saregama

FY30 Revenue

Events

Video

Music

• Higher Spending on Events by Indians • Govt. focus on Events

• Deeper relationships with Artistes • Ability to cross collateralise across Digital • Early move on IP properties

Increase in Discretionary Spends

• • Growth in Subscription

Leadership in short format format

• • Experience in cost-effective series model

Subscription Growing

• • Growth in advertising in sync with GDP Growth

Increase in Market Share of New Content Focus on Regional Content

• • • Use of Data Analytics for better selection

25-30% CAGR

15-20% CAGR

20-23% CAGR

Music

Video

Events

Others

Music

Video

Events

Others

Revenue is expected to double and PBT to become 2.2-2.5 times over next 4 years

DIGITISATION DRIVING GROWTH

Digital Boom in India

~750M smartphones 22M connected TVs Cheap data Anti-piracy laws Technology assisting infringement tracking

Driving

Increase in App Usage

Music Streaming Spotify / Gaana Social Media YouTube / Facebook Video Streaming Netflix / Amazon / JioHotstar Short-format Apps Instagram/ YT Shorts

Driving

Increase in Demand for Content

Music Films Web series TV series Podcasts

Increase in Revenue

Driving

SVoD Netflix / JioHotstar / Spotify AVoD YouTube / Instagram

175k+ Songs | 70+ Films | 55+ Digital Series | 10k+ hrs of TV Series

STRATEGIC OVERVIEW

To be a Pure Play Content Company capitalising on the global content consumption boom driven by the ever-increasing Digitisation

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

Monetisation of Existing IP

Building of New IP

Through artiste management, wherein artistes are made popular through our content IP release. And then we monetise these artistes by booking them for live events, weddings and brand endorsements

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

Producing theatrical films in only regional languages and digital series and short- format content in all languages. Revenue secured through pre-licensing to digital platforms and/or brand sponsorships. Scale allowing lower cost of production

Building Live Events IP, around music and stand-up comedy

MUSIC SEGMENT

LICENSING & ARTISTE MANAGEMENT

SAREGAMA’S MUSIC LIBRARY

175000+ Songs Covering multiple Indian languages and genres

HINDI 54000+

TELUGU 12800+

BENGALI 31200+

TAMIL 19000+

MALAYALAM 9200+

PUNJABI 10000+

MARATHI 8300+

KANNADA 4500+

DEVOTIONAL 25000+

CLASSICAL 9000+

GHAZAL 1200+

FOLK 4700+

12

NEW MUSIC

GROWING LICENSING & ARTISTE MANAGEMENT

CATALOGUE

NEW MUSIC

ARTISTE MANAGEMENT

• 175K+ Songs

• Originals / Derivatives

• 10-12% annual growth over medium to long term

• 75-80% margin

• ~Rs. 10,000 Mn

Investment over next 3 yrs

• By-product of New

Music

• 4-5yr payback / ~26% IRR

• No upfront Investment

• 60-80 yrs of useful life

• 10 yrs of amortization

period

Improves music margin

SUBSCRIPTION BUSINESS IS GROWING GLOBALLY

Spotify reports consistent growth in premium subscriber base

15%

21%

27%

37%

17%

21%

26%

36%

18%

22%

25%

35%

CY22

CY23

CY24

13%

21%

28%

38%

CY20

12%

21%

28%

39%

CY21

Europe

North America

Latin America

Rest of World

Source: Derived from Spotify published results

PATH TO LEADERSHIP POSITION IN THE MUSIC ECOSYSTEM

Disproportionate share across Hindi & Regional Languages

Investments in Data Analytics/AI & Marketing Muscle

Acquisition of Small & Mid size Music Catalogues to scale content depth

On the back of growing footprint in artiste management and live entertainment

+

+

+

+

Enhanced Capability driven by a combination of evergreen catalogue and new-age content

Amplifying content reach and trial velocity via Pocket Aces’ digital ecosystem and influencer-led platforms

India’s Largest and Most Popular Music Catalogue

MUSIC | LICENSING : CREATION Saregama is changing from a Catalogue Label to a New Age one

Share of Licensing Revenue from 21st century songs growing (56% in FY25 Vs 52% in FY24)

Era wise Breakup

2021-2024

16%

40%

2001-2020

21%

16%

1981-2000

1961-1980

24%

23%

18%

23%

Till 1960

16%

3%

Count of Songs

Revenue

37% of Saregama’s songs were released post 2000, and they contributed to 56% of FY25 revenue

Derivatives of catalogue songs are classified basis derivative song release date

MUSIC | LICENSING : INVESTMENT IN CONTENT (INR MN)

~10,000 Mn

Investment in Content includes marketing costs on new content

MUSIC | LICENSING : YOUTUBE CHARTBUSTERS

120M+

170M+

190M+

720M+

140M+

140M+

210M+

510M+

130M+

1800M+

Views from all versions of the song, including lyrical, uploaded on Saregama’s official YouTube channel. Does not include UGC views

Data Mining based Predictive Models I De-centralised Decision Making I Partnership with Production houses having proven track records I High Success Ratio

MUSIC | LICENSING : UPCOMING RELEASES

HINDI

Movie Name : Dhurandhar Cast : Ranveer Singh, Sanjay Dutt, Akshaye Khanna, Arjun Rampal, Sara Arjun

Movie Name : Naagzilla Cast : Kartik Aryan

Movie Name : Shri Radha Raman Cast : Siddharth Gupta, Sushmita Bhat

Movie Name : Love & War Cast : Ranbir Kapoor, Alia Bhatt, Vicky Kaushal

Movie Name : Tu Meri Main Tera Main Tera Tu Meri Cast : Kartik Aryan, Ananya Panday

MUSIC | LICENSING : UPCOMING RELEASES

TELUGU

TAMIL

Aakasam Lo Oka Tara

Paradise

Premante

Train

Idly Kadai

Parasakthi

MALAYALAM

MARATHI

Karam

Udumbanchola Vision

Sahasam

Khashaba

Mahaparinirvaan

Kirr Katta Kirr

MUSIC | LICENSING : INVESTMENT IN CONTENT

An Illustration

Revenue generation for 60-80 yrs

Content charged in P&L in 10 years

Payback in 5 years

91%

91%

91%

91%

91%

91%

91%

91%

91%

91%

54%

54%

59%

62%

66%

69%

71%

74%

32%

15%

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

Total Revenue of New Content

Total Expenses

Margin

New Music generates IRR of ~26%. Once the cost is fully charged off, the margins move up to ~90%

Total Expenses include marketing expense, amortization of content cost and royalty post recovery of cost+ hurdle rate

MUSIC | LICENSING : INORGANIC CATALOGUE ACQUISITION

Saregama Acquires the Biggest and Most Popular Haryanvi Music Catalogue: NAV Records

24 Mn+ Subscribers 6,500+ songs 5+ Languages

Coco Cola 900 Mn+ views

Parvati Boli Shankar Se 500 Mn+ views

Loot Liya 400 Mn+ views

Kaale Kagaz 190 Mn+ views

MUSIC | LICENSING : MONETISATION

Audio OTT

Video OTT

Publishing

Sponsorships

Monetise

Societies

Live Events

Artiste Mgt.

Film Music

Artiste Music

Catalogue Derivatives

Create (&market)

Market using Pocket Aces

MUSIC | LICENSING : MONETISATION

A. Audio OTT

• Saregama’s Music is licensed to multiple Global Platforms • Saregama earns every time a customer listens to Saregama

owned song on any OTT app

• The growth is driven by both increasing number of users

(growth in smartphones) and higher usage (cheaper data) along with falling piracy

• ~750 Mn+ paid customers globally contribute ~69% of total music revenue. Started in India too. Will be a Gamechanger

Music Streaming Platforms (OTT)

vO

Free vs Paid

Free Revenue under pressure from closure of platforms like Airtel Wynk, ByteDance Resso, Hungama

Subscription revenue showing healthy growth but on a small base

Spotify, Jio Saavn, Apple, Amazon, Gaana

• Potential of 100M paid subs @100 pm

MUSIC | LICENSING : MONETISATION

B. Publishing : Films and Digital Series

• We license our music to various Video OTT platforms like Netflix, JioHotstar, Amazon, MX Player, Zee5, etc. and production houses for using in their web-series

• Fixed fee licenses

C. Publishing : TV Channels • Saregama licenses its music to television channels for use in

various TV serials, reality shows etc.

• Fixed Fee for a time period

Films/Digital series licensing Saregama Music

TV Channels

uVid

F. Brand Partnerships

• Licenses to Brands for use of songs in their ad jingles.

Fixed fee for limited period & mediums • Creating bespoke music properties for Brands • Fixed fee licenses

MUSIC | LICENSING : MONETISATION

D. Video OTT

• Saregama’s music channels on YouTube have a cumulative subscriber base of 160 Mn+ subscribers • Share of Advertising & Subscription Revenue : Own

channel & UGC

• Fixed-fee licenses to other social media platforms, allowing their users to upload videos containing Saregama songs. Big future upside

Social Media Platforms

E. Societies • IPRS

• 50% of Underlying works licensing revenue

• Novex

MUSIC | ARTISTE MANAGEMENT

MUSIC | ARTISTE MANAGEMENT : ROSTER

Maahi

Mermaid Scales 21.4 Mn Followers

RJ Karishma 15.3 Mn Followers

Rehaan Roy 6.8 Mn Followers

Dr. Kumar Vishwas 18.5 Mn Followers

Tony Kakkar 12.6 Mn Followers

Paradox 4.5 Mn Followers

Pragati Nagpal

Arjun Tanwar

BeYouNick 6.5 Mn Followers

Komal Pandey 3.4 Mn Followers

Viraj Ghelani 1.3 Mn Followers

The Tabla Guy 1.1 Mn Followers

Lash Curry 700K Followers

Gurdeep Mehndi 63K Followers

Added 100+ Influencers & Artistes taking the total count to 230+

EVENTS

CAPTURING INDIA'S LIVE EVENT MOMENTUM

Tapping into Rising Experiential Spending

+

Catering to a Youth-Driven Market

+

Leveraging existing music IP and deep artiste relationships to build unique, high-impact live event experiences for Older Segment

Music Festivals, Shows around super hit movies, Kids shows, Stand-up Comedy

+

Adopting a test-learn- scale approach to develop a resilient and adaptive live events model

EVENTS

Saregama Live

Artist Shows

IP – Musicals

Stand UP Comedy

Indian

International

Diljit Dosanjh

Himesh Reshamiya

Satinder Sartaj

Divine

Disco Dancer

Viraj Ghelani

Say Cheese Grandpa

Ye Shaam Mastani

Music Festival

RETAIL

RETAIL

Transition from sales through distribution channel to sales only through E-commerce and Modern Retail outlets

9.1

7.4

• Reduction in number of SKUs

• Manpower restructuring exercise carried out

• While the volumes and topline have shrunk,

profitability margins improved

3.9

4

3.5

6.9

5.6

4.3

Caravan Sales (Units in lakhs)

FY18

FY19

FY20

FY21

FY22

FY23

FY24

FY25

VIDEO SEGMENT

FILMS, DIGITAL SERIES, TV, & SHORT FORMAT

OUR GROWTH STRATEGY IN VIDEO SEGMENT 1min – 22mins – 45mins – 120mins

Pick Films and Cast primarily basis recoveries from Digital and TV licensing

+

Pick Series basis pre-licensing approval from a VoD/ TV platform

+

Build Communities of Gen Z across social media

Generate Brand Sponsorship Revenue around short-format content

+

Retain IP for Portfolio building & future exploitation

Access to Music Catalogue gives Unique Strength

VIDEO : FILMS, DIGITAL SERIES, TV, & SHORT FORMAT

Production house focussed on creating content for theatrical releases and 3rd party digital platforms & TV

Pocket Aces, through its studio Dice Media, creates premium web-series content for OTT platforms

TV content creation for both National & Regional channels, with a strong presence in South Indian markets & a strategic focus on retaining IP ownership

TV

In short-format content, leveraging digital platforms to create high-engagement videos

VIDEO : CONTENT PORTFOLIO

FILMS

DIGITAL SERIES

TV

SHORT FORMAT

Ni Main Sass Kuttni 2 (Punjabi)

Bazooka (Malayalam)

Teen Yaar Twisted Pyaar (Hindi)

Hunter: Season 2 (Hindi)

Ilakkiya 800+ Episodes

Malli 380+ Episodes

Devil (Kannada)

The Paradise (Telugu)

High Heels: Season 2 (Hindi)

Phir Se Udd Chala (Hindi)

Sevanthi 1890+ Episodes

Aadukalam 50+ Episodes

White Salt vs Pink Salt

Unravel Australia

A Tech-Driven Individual Agnostic IP Owning Company

that wants to ride on

Digital & Live Entertainment Growth Story of South-East Asia

FINANCIAL HIGHLIGHTS

Historical Consolidated Financial Summary

Particulars (INR Mn)

Revenue from Operations (A) Total Expenses (B) Adjusted EBIDTA (C= A-B) Adjusted EBIDTA Margin (%) Content Charge (D) Depreciation (E) Finance Cost (F) Other Income (G) Exceptional Item (H) PBT (C-D-E-F+G+H) Tax PAT

PAT Margin (%)

Diluted EPS (Face value Re.1)

FY25

11,713 8,147 3,566 30% 1,282 97 57 581 50 2,761 718 2,043

18%

10.61

FY24

8,030 5,001 3,030 38% 864 62 32 637

- 2,708 732 1,976

25%

10.27

YoY Growth

FY23*

46% 63% 18%

48% 56% 78% -9%

2% -2% 3%

7,366 4,654 2,712 37% 679 31 57 536

- 2,481 630 1,851

25%

9.63

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

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

*FY23 Numbers are restated post impact of demerger

Consolidated Balance Sheet

Equity and Liabilities (INR Mn)

FY25

FY24

FY23*

Shareholder's fund

(a) Equity share capital

(b) Other equity

Net worth

Non-controlling interest

Non-current liabilities

(a) Financial liabilities

(i) Lease liabilities

(ii) Other financial liabilities

(b) Provisions

(c) Deferred tax liabilities (net)

Current liabilities

(a) Financial liabilities

(i) Borrowing

(ii) Lease liabilities

(iii) Trade payables

(iv) Other financial liabilities

(b) Other current liabilities

(c) Provisions

(d) Current tax liabilities

Total

193

15,641

15,834

34

14

309

59

518

-

13

1,274

812

1,319

731

34

193

14,498

14,691

35

23

2,090

57

474

17

15

933

610

655

650

88

193

13,228

13,421

34

1

-

42

464

-

6

702

565

876

921

9

20,951

20,338

17,041

Assets (INR Mn) 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 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

(c) Current tax assets (net) (d) Other current assets Total

FY25

FY24

FY23*

2,222 21 20 6,082 -

- 78 501

2,238 34 21 5,130 55

- 172 468

2,207 7 21 1,143 40

- 530 573

2,402

2,393

1,643

1,177 1,432 694

4,743

193 33 359 1,059 20,951

1,177 1,587 569

4,852

221 31 275 1,115 20,338

2,388 1,480 167

4,916

262 219 301 1,144 17,041

* FY23 numbers are re-stated post impact of demerger

Consolidated Cash Flow Statement

Particulars (INR Mn)

FY25

FY24

FY23 #

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) Spent on New Content @ Investment in Pocket Aces Redemption/ (Investment) in Fixed Deposits with maturity > 3m Redemption/(Investment) in Mutual Fund Net cash generated from other Investing activities Net cash used in Investing Activities (B) Net cash (used in)/generated from Treasury Shares Proceeds from /(Repayment of) Borrowing 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 (A+B+C) Cash and Cash Equivalents at the beginning of the period Add: Cash and Cash Equivalents of Pocket Aces on the date of acquisition Less: Transferred pursuant to the scheme of arrangement Effect of Translation of foreign currency cash and cash equivalents Cash and Cash Equivalents at end of the period *

2,761 17 1,882 (806)

(2,134) (1,275) 45 205 411

(79) (17) (8) (868) (15)

3,854

2,708 (400) (348) (514)

(1,342) (1,662) 761 1,422 474

1,446

2,481 (432) 116 (669)

(1,481) - (3,709) 3,120 27

1,496

(2,748)

(347)

(2,043)

(22) (14) (11) (771) (31)

(161) - (6) (578) (7)

(987) 119 569 -

5 693

(849) 250 167 149

3 569

(752) (1,299) 1,527 - (77) 16 167

* Exclude Investment in Bank FD with maturity more than 3 months and Investment in Mutual Funds INR 5,911 Mn in FY25, INR 6,023 Mn in FY24, and INR 7,802Mn in FY23 @ Represents amount invested in acquiring/producing Music and Film IPs # FY23 numbers are restated post impact of demerger

Consolidated Financial Charts

Revenue from Operations (Turnover) (INR Mn)

11,713

Music: Licensing+ Artist Mgmt. Revenue (INR Mn)

Content Charge (INR Mn)

PAT (INR Mn)

1,282

1,851

1976

2,042

6,104

5441

864

679

1,526

1,135

8030

7366

5806

4420

4410

3585

2839

463

179

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

* One time income of INR 84Mn in FY23, INR 97Mn in FY22, INR 155Mn in FY21 and INR 21Mn (FY20) are excluded

Adjusted EBIDTA Margin (%)

Return on Equity (ROE) (%)*

Diluted EPS (INR)

Dividend per Share (INR)

Debt to Equity Ratio

38%

37%

38%

38%

33%

33%

13%

15%

14%

15%

6.5

10.3

10.6

9.6

8.4

4.5

4.0

3.0

3.0

2.0

NIL

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21 FY22 FY23 FY24 FY25

1%

5

-

-

FY25 Adj EBITDA is excluding events

• ROE = PAT / Shareholders Equity • Shareholders Equity = Equity share capital and free reserves • Since FY22 INR 7500 Mn of fresh fund raise through QIP added to Shareholders Equity

Previous Years EPS has been restated basis face value of Re.1 per share

All FY23 numbers are re-stated, as applicable, post impact of demerger

Quarterly Financial Summary

Particulars (INR Mn)

Q1 FY26

Q4 FY25

QoQ

Q1 FY25

YoY

Revenue from Operations

•Music : Licensing + Artiste Management

•Retail

•Video

•Events

Revenue from Operations

Adjusted EBITDA (EBITDA excluding Content Charge)

1,490

1,714

170

357

51

2,068

664

154

492

48

2,408

1,016

-13%

10%

-28%

6%

-14%

-35%

1,331

247

465

10

2,053

680

12%

-31%

-23%

410%

1%

-2%

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

Adj. EBITDA (INR Mn) & Adj. EBITDA Margin

33%

864

33%

680

35%

842

1,029

21%

42%

1,016

32%

664

Adj. EBITDA (INR Mn) & Adj. EBITDA Margin- Excluding Events

33%

873

33%

679

35%

851

34%

794

42%

998

34%

692

Q4 FY24

Q1 FY25

Q2 FY25

Q3 FY25

Q4 FY25

Q1 FY26

Q4 FY24

Q1 FY25

Q2 FY25

Q3 FY25

Q4 FY25

Q1 FY26

Adj. EBITDA (INR Mn)

Adj. EBITDA Margin

Adj. EBITDA (INR Mn)

Adj. EBITDA Margin

ADJUSTED EBITDA TO PAT

Particulars (INR Mn)

Q1 FY26

Q4 FY25

QoQ

Q1 FY25

YoY

FY25

Revenue from Operation (A)

Total Expenses (B)

Adjusted EBITDA (C=A-B)

Adjusted EBITDA Margin

Content Charging Cost (D)

Depreciation ( E)

Finance Cost (F)

Other Income (G)

Exceptional Item (H)

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

Tax

PAT

PAT Margin (%)

Diluted EPS

2,068

1,404

664

32%

263

23

10

142

-

510

145

365

18%

1.90

-14%

1%

-35%

-24%

-32%

-19%

-38%

-39%

2,408

1,392

1,016

42%

344

34

47

176

50

817

218

599

25%

3.11

1%

2%

-2%

-3%

1%

17%

1%

-2%

2,053

1,373

680

33%

270

23

2

122

-

507

136

371

18%

1.92

11,713

8,147

3,566

30%

1,282

97

57

581

50

2,761

718

2,043

18%

10.61

Balance Sheet

*Borrowings represent temporary use of WC limits

Cashflow Statement

@ Represents amount invested in acquiring/producing Music IPs # Exclude Investment in Bank FD with maturity more than 3 months and Investment in Mutual Funds INR 4,966 Mn ( FY25 INR 5,911 Mn)

Disclaimer

Saregama India Ltd. Disclaimer:

In evaluating our business, we consider and use non-GAAP financial measures such as EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, PAT Margin, Debt to Equity Ratio, Return on Equity, to review and assess our operating performance. These non-GAAP financial measures are not defined under Ind AS and are not presented in accordance with Ind AS. They may not be comparable to similarly titled measures reported by other companies due to potential inconsistencies in the method of calculation. We have included these non-GAAP financial measures because we believe they are indicative measures of our operating performance and are used by investors and analysts to evaluate companies in the same industry. These non-GAAP financial measures should be considered in addition to, and not as a substitute for, other measures of financial performance and liquidity reported in accordance with Ind AS. These measures should not be considered in isolation or construed as an alternative to Ind AS measures of performance or as an indicator of our operating performance, liquidity, profitability, or results of operations. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the Standalone/Consolidated Financial Statements.

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.

THANK YOU

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