Saregama India Limited has informed the Exchange regarding Appointment of Mr Mr. Pratip Chaudhuri and Mr. Vinod Kumar as Non- Executive Independent Director of the company w.e.f. July 31, 2025.
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Saregama India announced two key board additions effective July 31, 2025: Mr. Pratip Chaudhuri (former Chairman of State Bank of India) and Mr. Vinod Kumar (former Executive Director of CESC Limited) have been appointed as Non-Executive Independent Directors for 5-year terms, subject to shareholder approval. Both are unrelated to existing directors or KMPs and are not debarred by any regulator. Along with this, the company reported its Q1 FY26 (quarter ended June 30, 2025) results: consolidated revenue from operations grew modestly to Rs. 20,677 lakhs (from Rs. 20,528 lakhs in Q1 FY25), while net profit dipped slightly to Rs. 3,651 lakhs (from Rs. 3,709 lakhs). Standalone net profit rose ~7.8% to Rs. 4,022 lakhs. The Music segment remained the strongest contributor with Rs. 14,328 lakhs in revenue, while Video and Events segments posted losses of Rs. 648 lakhs and Rs. 281 lakhs respectively.
The appointment of two highly credentialed independent directors (a former SBI chairman and a CESC veteran) strengthens board governance and brings banking and corporate expertise. Q1 results are largely flat on a consolidated basis, with segment-level concerns in Video and Events, but standalone earnings show healthy growth — neutral to mildly positive for shareholders in the short term.