Saregama India Limited has informed the Exchange Update on Incorporation of a Wholly Owned Subsidiary of the Company in Dubai Mainland.
SAREGAMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Saregama India has formally incorporated a wholly owned subsidiary in Dubai Mainland, UAE, named 'Saregama Performing Arts and Music Festivals L.L.C S.O.C', on 20th February 2026. The subsidiary will operate in the digital entertainment space, focusing on performing arts, music festivals, live shows, event management, and artist talent contracting. Saregama holds 100% of the shareholding, with a total subscription cost of AED 10,00,000 (roughly ₹2.3 crore) through 1,000 shares at AED 1,000 each. The move follows the board's earlier approval communicated in September 2025 and signals an international expansion of Saregama's music and entertainment business into the Middle East.
This is a small-scale international expansion move that signals Saregama's strategic interest in the Middle East entertainment market, particularly around live events and music festivals. The financial outlay is modest and unlikely to materially impact earnings, but it could open new revenue streams over time if the subsidiary gains traction.