Corporate Presentation

Date: 24th July, 2026 The Manager, The General Manager, Listing Department, The Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Phiroze Jeejeebhoy Towers, Block G, Bandra – Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 051 Mumbai – 400 001 Symbol: SAREGAMA Scrip Code: 532163 Subject: Corporate Presentation Dear Sir/ Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) as amended from time to time, please find enclosed the Corporate Presentation. 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 and Compliance Officer Encl: As above 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 INDIA A1902gramophone label,transformedintoadigitalIPpowerhouse. LIMITED Corporate Presentation SAREGAMA INDIA LTD THE INVESTMENT CASE OWN THE IP IN PERPETUITY. 1,80,000+ 650MN+ THEN COMPOUND Songs Owned Owned Audience IT ACROSS EVERY Master&underlyingworks, Subscribers&followers inperpetuity,global acrosstheportfolio FORMAT THAT INDIA’S DIGITAL BOOM OPENS UP. ₹4,047MN 26% AdjustedEBITDA (FY26) IRRonnewmusic 41%margin,+13%YoY Steady-statemargin risesto~90% NewmusicchargesthroughtheP&Lin~10years, paysbacktheinvestmentin~5years,andthenearnsfor60–80years. SAREGAMA INDIA LTD THE INVESTMENT CASE FY26 : All time high Adjusted EBITDA, headline revenue up excluding one-off live-events base KEY FINANCIAL METRICS Revenue from Operations Adjusted EBITDA Music Content Charge Operational PBT (INR Mn) (INR Mn) (INR Mn) (INR Mn) 2,926 Live Events business is 4,047 lumpy in nature. FY25 had one-off Diljit 1,399 2,708 2,711 Dosanjh India tour 3,566 1,282 11,713 2,481 3,029 9,846 2,712 2,044 8,030 864 2,230 7,366 5,806 1,451 1,519 4,420 464 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 Music & Video Live Events FY23 numbers are re-stated post impact of demerger SAREGAMA INDIA LTD HERITAGE · 120+ YEARS From a 1902 gramophone label to a Digital IP Powerhouse : Reinvented Every Era, Every Format. First recording of an Indian song Started investing in by Gauhar Jaan. new Film Music again 2025 2023 Company incorporated as The Gramophone Carvaan 2022 Company (India) Pvt. launched Ltd. Acquired RPG Group acquired Significant the company Minority Stake 2020 Products started retailing under ‘Saregama’ BRAND Acquired majority stake 2017 TV Serial production started Started investing in 2016 non-film music Launched Live 2001 Events business 2000 Film Production 1986 started 1902 1946 SAREGAMA INDIA LTD THE OPPORTUNITY India's digital boom is compounding both content consumption and monetisation. Saregama wants to ride that wave, as a pure play Content IP company. 01 Digital boom Digital Boom Increase in App 750 Mn+ active screens, cheap data, tightening anti-piracy —the base keeps widening. in India Usage 02 App usage rises Streaming, social, video and short-form all pull more time per user. 03 Content demand rises Music, podcasts, films, series and short-form —every surface needs more IP. Increase in Increase in Demand for 04 Monetisation rises Revenue Content SVoD and AVoD both scale —feeding revenue back to IP owners like Saregama. SAREGAMA INDIA LTD THE OPPORTUNITY Four verticals — each in a structurally growing Indian entertainment market. MUSIC LIVE EVENTS VIDEO ARTISTE MGMT. ₹59,000 Mn ₹1,45,000 Mn ₹2,05,000 Mn ₹22,000 Mn +8% CAGR · 3 yrs +11% CAGR · 3 yrs +7% CAGR · 3 yrs +24% · 2 yrs Growth in digital users and Rising disposable income, OTT monetisation, rising Shift to relatable creators, consumption per user, premium ticketed music-rights value, brand engagement, social- Paid-subscriber expansion, experiences, beyond metros optimised release windows first attention digital advertising, catalogue monetisation Source: FICCI–EY 2026 · EY Influencer Marketing India 2023. SAREGAMA INDIA LTD COMPETITIVE MOATS Two moats that compound: an owned catalogue in perpetuity, and a large owned audience. PROPRIETARY IP DIGITAL FANBASE 1,80,000+ 650 Mn+ Songs owned —master & underlying works, in Subscribers & followers —a direct, owned audience perpetuity, global territory. across the portfolio. 70+ Films 55+ Digital series 190 Mn+ Music 50 Mn+ Video 10K+ Hours of TV 14+ Indian languages 410 Mn+ Artistes & creators SAREGAMA INDIA LTD BUSINESS MODEL Diversified across segments, partners and revenue sources — no single point of dependence. 83% 6% 11% MUSIC LIVE EVENTS VIDEO Licensing | Artiste Mgt. | Retail (Carvaan, Vinyl) Concerts | Festivals | Devotional | Film (Bhansali) | TV & digital series | Stand-up Comedy Short-form (FilterCopy) Revenue diversified across three sources 67% 19% 14% FROM PLATFORM FROM BRAND FROM CUSTOMER Spotify · YouTube · Netflix · JioHotstar · Sun TV · Myntra · Indriya · Unilever · KFC · Hero Amazon · Vijay Sales · BookMyShow · District · PVR Doordarshan · Instagram Music | Events | Short-format | Series Retail | Live Events | Films SAREGAMA INDIA LTD THE FLYWHEEL One engine turns four businesses into compounding value. LIVE MUSIC EVENTS BRAND PARTNERSHIP PERFORMANCE MARKETING ARTISTE VIDEO MANAGEMENT SEGMENT 01 : 83% OF REVENUE Licensing · Artiste Management · Retail SAREGAMA INDIA LTD MUSIC · INDUSTRY The global recorded-music market keeps compounding — and streaming leads it. +6.4% $31.7 Bn ~70% 2025 growth 2025 revenue revenue from streaming Global recorded music Global recorded music 837 Mn paid users globally Why it matters for Saregama Streaming has turned recorded music into an annuity: an owned song earns every time it is played, forever. India is the least-penetrated large market in that annuity — the next slide sizes the headroom. Source: IFPI Global Music Report 2026. SAREGAMA INDIA LTD MUSIC · OPPORTUNITY India's music-subscription penetration is among the lowest globally — the subscriber & ARPU headroom is the thesis. Paid-subscription penetration (%) India 3 ARPU* headroom China 18 ~8 USD Brazil 19 Emerging-markets average label-share ARPU today Germany 41 ~31 USD UK 50 USA 57 Developed-markets average —a ~4x growth runway as payments, data and premium adoption scale Sweden 67 Source: Goldman Sachs 2025 report. *Record label share ARPU. SAREGAMA INDIA LTD MUSIC · LICENSING One music catalogue, monetised across six revenue streams — with owned YouTube reach scaling fast. Audio OTT Video OTT Sync Per-stream + share of subscription fees from Advertising & subscription revenue from our Music licensing to third-party films & web- global & Indian platforms own YouTube channels + user generated series released in theatre & OTT: Netflix, content. JioHotstar, Amazon, Zee5 Fixed-fee licences to social platforms Broadcasting Brands Societies TV serials & reality shows —fixed fee for a Ad jingles & bespoke music properties — IPRSfor underlying-works & Novexfor period fixed-fee licences sound recording public performance licensing Saregama YouTube subscribers –music channels (Mn) 44 64 84 107 149 206 FY21 FY22 FY23 FY24 FY25 FY26 SAREGAMA INDIA LTD MUSIC · LICENSING Driving growth in catalogue value, while future-proofing the company through data-driven new content acquisition CATA GLO ROG WUE T V HALUE AI Content Refresh Recreations R Ce at ra vi al aP nr o &d Vu ic nt ys l: M Aa cr ek se ’t 4 t 0h 0ro Mu ng +h DP io gc itk ae lt followers Acquire 25-30%of Assured Content Sign Artistes for Catalogue NEW CONTENT LEADERSHIP all New Indian through Bhansali Music in leading Acquisitions Music Productions languages AI & DATA Proprietary Data Predictive AI Marketing 5-year Payback INTELLIGENCE Analytics models Efficiencies Discipline Premium & SUPER [Showing first 8,000 characters — download PDF for full document]