Saregama India Limited · NSE:SAREGAMA
Saregama India — Q2 FY22 Earnings Presentation
79 slides from Saregama India's earnings presentation, Oct 11, 2021
Slide 1: Outcome of Board meeting held on October 11, 2021
October 11, 2021 The Manager, The Listing Department Listing Department, BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, ‘Exchange Plaza’, C-1, Dalal Street, Block G, MUMBAI - 400 001 Bandra- Kurla Complex, Bandra (East), MUMBAI - 400 051 Symbol: SAREGAMA EQ Scrip Code
Slide 2: Board meeting letter signature
The Board meeting commenced at 12 Noon and concluded at 01:10 P.M. Kindly take the same on record. Thanking you. Yours faithfully, For SAREGAMA INDIA LIMITED Digitally signed VIKRAM byMEHRA VIKRAM MEHRA Date: 2021.10.11 13:07:26 +05'30' Vikram Mehra Managing Director DIN: 03556680 Encl: As above SAR
Slide 3: Statement of Standalone Financial Results
Sz RP- Sanjiv Goenka —~y fF Group ( . ‘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 (Rs. in Lakhs) Statement of St ne Financial Results for the Three Mon
Slide 4: Standalone Segment wise Revenue, Results, Assets and Liabilities
PSS RP- Sanjiv Goenka y Group ‘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:1.22213WB1946PLC014346 (Rs. in Lakhs) ‘Standalone Segment wise Revenue, Results, Assets and Liabilit
Slide 5: Standalone Statement of Assets and Liabilities
Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 Saregama India Limited web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346 (Rs. in Lakhs) Standalone Statement of Assets and Liabilities SI As at AS at No. Particulars 30 September 202
Slide 6: Standalone Statement of Cash Flows
>= — ~ rp- Sanjiv Goenka Group ‘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 1L22213WB1946PLC014346 (Rs, in Lakhs) Standalone Statement of Cash Flows sl 6 Months ended 6 Months end
Slide 7: VIKRAM Digitally MEHRA 12:17:54 +05'30'
VIKRAM Digitally signed by VIKRAM MEHRA MEHRA 12:17:54 +05'30' Date: 2021.10.11
Slide 8: Statement of Consolidated Financial Results
> RP- Sanjiv Goenka ( ql “Fr Group 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 (Rs, in Lakhs) Statement of Consolidated Financial Results for the Three M
Slide 9: Consolidated Segment wise Revenue, Results, Assets and Liabilities
RP- Sanjiv Goenka a 1 aS Group ( e 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:1.22213WB1946PLC014346 (Rs, in Lakhs) Consolidated Segment wise Revenue, Results, Assets and Li
Slide 10: Consolidated Statement of Assets and Liabilities
aN RP- Sanjiv Goenka — ~ Group ] ‘ 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 (Rs. in Lakhs) Consolidated Statement of Assets and Liabilities SI As at A
Slide 11: Consolidated Statement of Cash Flows
pS RP - Sanjiv Goenka Group 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 (Rs. in Lakhs) Consolidated Statement of Cash Flows SI 6 Months ended 6 Months en
Slide 12: VIKRAM MEHRA Date: 2021.10.11
Digitally signed by VIKRAM MEHRA VIKRAM MEHRA Date: 2021.10.11 12:18:54 +05'30'
Slide 13: Limited review report on standalone results
B S R & Co. LLP Chartered Accountants Unit No. 603, 6th Floor, Tower 1 Telephone: +91 33 4035 4200 Plot No. 6, Block – DP, Godrej Waterside, Fax: +91 33 4035 4295 Sector V, Salt Lake, Kolkata - 700091 Limited review report on unaudited quarterly standalone financial results of Saregama India Limited
Slide 14: Limited review report on consolidated results
B S R & Co. LLP Chartered Accountants Unit No. 603, 6th Floor, Tower 1 Telephone: +91 33 4035 4200 Plot No. 6, Block – DP, Godrej Waterside, Fax: +91 33 4035 4295 Sector V, Salt Lake, Kolkata - 700091 Limited review report on unaudited quarterly consolidated financial results of Saregama India Limit
Slide 15: Limited review report (continued)
B S R & Co. LLP Limited review report on unaudited quarterly consolidated financial results of Saregama India Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) (Continued) 6. We did not review the interim financial res
Slide 16: Q2 FY22: Revenue up by 34% and PBT by 19% YoY
Q2 FY22: Revenue up by 34% and PBT by 19% YoY Riding the Digital Wave Mumbai, October 11, 2021: Saregama, India’s oldest music label and the youngest movie studio, announced its financial results for the 2nd Quarter of the Financial Year 2021-22. Q2 FY22 Revenue from Operations is Rs.1451 Mn against
Slide 17: About RPSG Group
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 informati
Slide 18: Saregama India Limited Quarterly Presentation Q2 FY22
SAREGAMA INDIA LIMITED | QUARTERLY PRESENTATION | Q2 FY22
Slide 19: Saregama
Saregama • India’s oldest Music Label and youngest Film Production house • Owns irreplacable must-have Music IP (sound-recording and publishing rights) of 130k+ songs, Films IP of 62 films and 6k+ hours of TV serials • Music : Simple, Predictable Business with MOAT. Primary revenue source is Streami
Slide 20: Strategic Overview: Digitisation Driving Growth
Strategic Overview D I G I T I S AT I O N D R I V I N G G R O W T H Digital Increase in Increase Demand for Boom in India in App Usage Content Video/Music Streaming Netflix / Spotify / Gaana Social Media Music YouTube / Facebook Films ~700M smart phones driving Video Sharing driving Games Cheap Data
Slide 21: Strategic Overview
Strategic Overview To be a Pure Play Content Company capitalizing on the global content consumption boom driven by the ever-increasing Digitization Through licensing to EVERY 3rd party Digital (music, video, social) and TV platform Monetisation of Existing IP Carvaan transitioning from being a Produ
Slide 22: Fast Growing Licensing Revenue
Saregama Music IP Licensing Revenue (INR Mn) Fast Growing FY21 FY20 2,361 * 2,839 * Licensing Revenue FY19 FY18 1,478 1,949 FY17 1,388 * One time income of INR 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
Slide 23: Our Music Licensing Partners
OUR MUSIC LICENSING PARTNERS Music Streaming Partners Broadcasting Partners Video Streaming Partners v v v Social Media Platforms Brands 6
Slide 24: Operational Highlights
OPERATIONAL HIGHLIGHTS 7
Slide 25: Music Segment Operational Highlights
Music Segment Operational Highlights Licensing: YOUTUBE VIEWS (MN) PER QUARTER • Music licenses to following brands: Apple, Colgate, Asian Paints, Vedanta Ltd etc. 3,004 • Digital Content Licenses: 2,586 2,468 2,055 Helmet (Zee5), Monica O My Darling (Netflix) etc. 1,506 1,872 • Apple used our 50 ye
Slide 26: Music Segment Operational Highlights: Carvaan
Music Segment Operational Highlights • Carvaan sales improved during the quarter in sync with the easing of lockdowns in multiple Carvaan Sales (units ‘000s) • Podcast stations listenership continues to grow on Carvaan 2.0 2nd Wave Lockdown • Carvaan Mini continues to get good demand from customers
Slide 27: Films, Web Series & TV Segment Operational Highlights
Films, Web Series & TV Segment Operational Highlights Films and Web Series Segment Future Outlook • 200 - Halla Ho got released on Zee5. Film received a great • Marathi Movie Zombivli response both from audiences ready. To be released and critics in Q4 FY22 • We recently announced our First web seri
Slide 28: Financial Highlights Consolidated
FINANCIAL HIGHLIGHTS CONSOLIDATED 11
Slide 29: Quarterly Financial Summary
Quarterly Financial Summary Particulars (INR Mn) Q2 FY22 Q1 FY22 Q-o-Q Growth Q2 FY21 Y-o-Y Growth Revenue from Operations • Music 1,216 919 32% 1,004 21% • TV & Films 223 119 87% 66 238% • Publication 12 12 - 11 9% Revenue from Operations 1,451 1,050 38% 1,081 34% Operating Income before Content Ch
Slide 30: OIBCID to PAT
OIBCID to PAT Q-o-Q Y-o-Y Y-o-Y Particulars (INR Mn) Q2-FY22 Q1-FY22 Q2-FY21 H1-FY 22 H1-FY 21 Growth Growth Growth Revenue from Operations (A) 1,451 1,050 38% 1,081 34% 2,500 1,846 35% Total Expenses (B) 916 629 45% 694 32% 1,544 1,242 24% OIBCID (C= A-B) 535 421 27% 387 38% 956 604 58% OIBCID Marg
Slide 31: Balance Sheet
Balance Sheet As on 30th As on 31st As on 30th As on 31st Equity and Liabilities (INR Mn) Assets (INR Mn) Sept’ 2021 March’ 2021 Sept’ 2021 March’ 2021 Non Current Assets Shareholders Fund (a) Property, Plant and Equipment * 2,142 2,046 (a) Equity Share Capital 174 174 (b) Right of use Assets 9 11 (
Slide 32: Cash Flow Statement
Cash Flow Statement Particulars (INR Mn) H1-FY22 FY 21 Pre-Tax Profit 821 1,519 Change in other operating activities ( including non-cash Items) 15 (176) Change in Working capital (347) 692 Taxes Paid (212) (139) Net cash generated from Operating Activities (A) 277 1,896 Investment in Fixed Deposits
Slide 33: Financial Highlights Standalone
FINANCIAL HIGHLIGHTS STANDALONE 16
Slide 34: Financial Performance
Financial Performance Q-o-Q Y-o-Y Y-o-Y Particulars (INR Mn) Q2-FY22 Q1-FY22 Q2-FY21 H1-FY 22 H1-FY 21 Growth Growth Growth Turnover 1,421 1,022 39% 1,077 32% 2,443 1,821 34% Other Income 52 28 86% 29 79% 80 83 (4)% Total Revenue 1,473 1,050 40% 1,106 33% 2,523 1,904 33% Total Expenses 984 649 52% 7
Slide 35: Balance Sheet
Balance Sheet As on 30th As on 31st Assets (INR Mn) As on 30th As on 31st Equity and Liabilities (INR Mn) Sept’ 2021 March 2021 Sept’ 2021 March 2021 Non Current Assets Shareholders Fund (a) Property, Plant and Equipment* 2,141 2,045 (a) Equity Share Capital 174 174 9 11 (b) Right to use assets (b)
Slide 36: Financial Charts (Consolidated)
Financial Charts (Consolidated) Revenue from Operations Music Licensing Revenue PAT (INR Mn) Diluted EPS (INR) (Turnover) (INR Mn) (INR Mn) * 65.0 1,135 2,839 * 5,447 5,215 2,361 4,420 543 1,949 435 3,566 31.2 283 1,478 1,388 25.3 2,185 5.0 16.2 86 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 F
Slide 37: Capital Market Data
Capital Market Data 700% 600% 500% 400% 300% 200% 100% 0% Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Saregama Sensex Price Data (As of 30th September 2021) INR Shareholding Pattern as on 30th September 2021 Face Value 10.0 Others Market Price 3,578.9 23.87% 5
Slide 38: Disclaimer
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 al
Slide 39: Reclaiming the Leadership Position
Woh sikandar hi dosto, Kehlaata hai Haari baaji ko jeetna, Jise aata hai RECLAIMING THE LEADERSHIP POSITION CORPORATE PRESENTATION | May 2021
Slide 40: Saregama
Saregama India’s oldest Music Label and youngest Film Production house Producing digital thematic films targeted at the youth segment. 16 movies released on Consistent Dividend Yield and Netflix / Disney Hotstar / Zee5 in 4 yrs Zero Net Debt Company Leading producer in terms of number of hours of co
Slide 41: Saregama: India's Only Entertainment Company
Saregama INDIA’S ONLY Entertainment Company into MUSIC LICENSING DIGITAL as well as FILMS RETAIL PHYSICAL Music Films Television Serials Retail Business India’s Largest Music IP Content IP rights of Content IP rights of Distribution network 130k+ 61 6k+ 30k+ Songs Films Hours of Television Serials R
Slide 42: Strategic Overview: Digitisation Driving Growth
Strategic Overview D I G I T I S AT I O N D R I V I N G G R OW T H Digital Increase in Increase Demand for Boom in India in App Usage Content Video/Music Streaming Netflix / Spotify / Gaana Music Social Media Films Youtube / Facebook ~700M smart phones Games driving Video Sharing driving Cheap Data
Slide 43: Strategic Overview
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 Carvaan transitioning from being a Prod
Slide 44: Company Overview
COMPANY OVERVIEW
Slide 45: Financial Summary
Financial Summary Particulars (INR Mn) FY21 FY20 Y-o-Y Growth FY19 Revenue from Operations • Music 3,855 4,444 (14)% 4,897 • TV & Films 521 702 (26)% 476 • Publication 44 69 (36)% 74 Revenue from Operations 4,420 5,215 (15)% 5,447 Operating Income before Content Charge, Interest 1,451 763 90% 786 an
Slide 46: OIBCID to PAT
OIBCID to PAT Particulars (INR Mn) FY21 FY20 Y-o-Y Growth FY19 Revenue from Operations (A) 4,420 5,215 (15)% 5,447 Total Expenses (B) 2,969 4,452 (33)% 4,661* OIBCID (C= A-B) 1,451 763 90% 786 OIBCID Margin (%) 33% 15% 14% Content Charge (D) 179 176 2% 99 Depreciation (E) 27 29 (7)% 17 Finance Cost
Slide 47: Awards & Accolades
Awards & Accolades Carvaan Yoodlee WAARC Innovation Brand Equity HAMID KD AJJI Awards Marketing Awards National Awards National Awards Beaune film festival Special Award for 2018 Best Urdu Film Best Child Actor Best Film Award Category Innovation ‘Innovation of the Best Child Actor: (fresh blood and
Slide 48: Music Segment
MUSIC SEGMENT Licensing & Retailing
Slide 49: Music Industry
Music Industry • Indian Music industry remains at INR 15.3 Billion in 2020 and is expected to Indian Music Industry Size (INR Bn) grow at a CAGR of 15% to cross INR 23.2 Billion by 2023. (EY FICCI report, Mar’21 release) % GR 15.0 23 CA • The growth in India has come on the back of digital consumpti
Slide 50: Fast Growing Licensing Revenue
Saregama Music IP Licensing Revenue (INR Mn) Fast Growing FY21 FY20 2,361 * 2,839 * Licensing Revenue FY19 FY18 1,478 1,949 FY17 1,388 * One time income of INR 155 Mn (FY21) and INR 21 Mn (FY20) are excluded On account of A. Growing customer interest in Retro Music B. Saregama’s Focus on New Music C
Slide 51: Our Music Licensing Partners
Our Music Licensing Partners Music Streaming Platforms Broadcasting Platforms Video Streaming Platforms v v v Social Media Platforms Brands 13
Slide 52: 130000+ Songs
Most EXTENSIVE Indian Music Library 130000+ Songs Covering multiple Indian languages and genres HINDI BENGALI TAMIL MARATHI 38900+ 26600+ 11800+ 6300+ TELUGU MALAYALAM PUNJABI KANNADA 8100+ 7000+ 8400+ 3100+ DEVOTIONAL CLASSICAL Ghazals Folk 18300+ 8400+ 1200+ 4700+
Slide 53: Home of Legends
HOME of LEGENDS Lata Shamshad Mohd. Geeta Mukesh Kishore Mangeshkar Begum Rafi Dutt Kumar 90% 95% 90% 90% 90% 80% Asha Laxmikant- Kalyanji – Shankar – Ravi S.D. Bhosle Pyarelal Anandji Jaikishan Burman 80% 90% 90% 90% 90% 90% Madan C. Ramchandra Naushad R.D. Purshottam Jagjit Mohan Burman Das Jalota
Slide 54: Music of the Biggest Films of Bollywood
Music of the BIGGEST films of Bollywood
Slide 55: Music Licensing
Music Licensing A. MUSIC STREAMING APPS (OTT) B. SOCIAL MEDIA PLATFORMS (incl. Video sharing Apps) Saregama Music is licensed to multiple Global Platforms Saregama has 25 channels on YouTube with a cumulative • Saregama licenses its music to various OTT platforms for subscriber base of over 44 Mn on
Slide 56: Music Licensing
Music Licensing C. VIDEO STREAMING PLATFORMS D. BROADCASTING PLATFORMS – TV CHANNELS, BRANDS With the rising popularity of video streaming in India, • Saregama Licenses its music to Television Channels for use in platforms like Netflix, Disney+ Hotstar, Amazon, MX various TV serials, reality shows,
Slide 57: Music IP Creation: Process
Music IP Creation: Process The Music IP will be built through new film music acquisition across Hindi, Tamil and Telugu with a clear strategy to start slowly, vet assumptions and build up the slate over a period of time The company is additionally creating non-film music in Hindi, Bhojpuri, Punjabi
Slide 58: New Bollywood Films Music
New Bollywood Films Music
Slide 59: New Non-Film Music
New Non-Film Music
Slide 60: Latest Tamil Film Music
get Latest Tamil Film Music
Slide 61: New Bhojpuri Content
New Bhojpuri Content
Slide 62: Music Retailing: directly through Carvaan
Music Retailing : directly through Carvaan India’s most "DIFFERENTIATED" and "PREMIUM" music brand Brand Attributes Targeted at the 35+ generation, who value Convenience 35+ Convenience over Control for their audio of Use Segment listening experience The Product • Perfect blend of digital technology
Slide 63: Music Retailing: Product to Platform
Music Retailing : directly through Carvaan Product to Platform Carvaan has been a huge success with middle-aged Indians. Saregama plans to now evolve the brand from a standalone Product to a Platform offering all kinds of daily updatable audio content to 35+ people living in India and abroad. The bi
Slide 64: Video Segment
VIDEO SEGMENT TV & Films
Slide 65: Video Segment: Yoodlee Films
Video Segment: Yoodlee Films • Yoodlee Films is Saregama’s production house focussed on creating content for 3rd party digital platforms • Saregama issues period-based licenses for its movies to these platfoms for a fixed-fee. In some cases, it also licenses the same movie to TV channels, TVoD platf
Slide 66: Video Segment: Tamil TV Serials
Video Segment: Tamil TV Serials TAMIL TV SERIALS The revenue stream is through advertising slot sales. • Saregama is the leading TV series content producer for Southern The Company also monetises these serials on digital channels. In the past, it also produced shows for Hindi GECs, but platforms lik
Slide 67: Publication
PUBLICATION
Slide 68: Publication Segment: Open Magazine
Publication Segment: Open Magazine PUBLICATION Operated through a 100% owned subsidiary • The Publication segment includes the Open Magazine, a weekly current affairs and features magazine, operated through a 100% owned subsidiary. • Open Magazine was launched in April 2009, as a print-only weekly a
Slide 69: Future Outlook
FUTURE OUTLOOK
Slide 70: Outlook
Outlook Music Licensing • The Covid19 related hiccups notwithstanding, we expect music industry to grow by 12-14%, and Saregama’s licensing revenue to grow by 22-25% annually over the next 3-5 years • The key drivers will be the growing Digitsation and cheap data plans by operators (will grow the ma
Slide 71: Financials
FINANCIALS
Slide 72: Consolidated Income Statement
Consolidated Income Statement Particulars (INR Mn) FY21 FY20 FY19 Revenue from Operations 4,420 5,215 5,447 Other Income # 309 112 564 Total Revenue 4,729 5,327 6,011 Total Expenses 3,119 4,610 5,065 Depreciation and Amortisation 56 47 33 Finance Cost 35 67 66 PBT 1,519 603 847 Tax 384 168 304 PAT 1
Slide 73: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Equity and Liabilities (INR Mn) FY21 FY20 FY19 Assets (INR Mn) FY21 FY19 FY19 Shareholders Fund Non Current Fixed Assets (a) Equity Share Capital 174 174 174 (a) Property, Plant and Equipment 2,046 2,053 2,057 (b) Right to use assets 11 5 - (b) Other Equity 4,88
Slide 74: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (INR Mn) FY21 FY20 FY19 Pre-Tax Profit 1,519 603 847 Change in other operating activities ( including non-cash (176) 25 -163 Items) Change in Working capital 692 388 -916 Taxes Paid (139) (221) -126 Net cash generated from/(used in) Operating Activities (
Slide 75: Standalone Income Statement
Standalone Income Statement Particulars (INR Mn) FY21 FY20 FY19 Revenue from Operations 4,343 5,001 5,244 Other Income # 290 115 595 Total Revenue 4,633 5,116 5,839 Total Expenses 3,090 4,347 4,921 Depreciation and Amortisation 54 44 30 Finance Cost 35 67 66 PBT 1,454 658 822 Tax 384 168 303 PAT 1,0
Slide 76: Standalone Balance Sheet
Standalone Balance Sheet Equity and Liabilities (INR Mn) FY21 FY20 FY19 Assets (INR Mn) FY21 FY20 FY19 Shareholders Fund Non Current Fixed Assets (a) Property, Plant and Equipment 2,045 2,052 2,056 (a) Equity Share Capital 174 174 174 (b) Right of use Asset 11 4 (b) Other Equity 4,921 3,964 4,087 (c
Slide 77: Financial Charts (Consolidated)
Financial Charts (Consolidated) Revenue from Operations Music Licensing Revenue PAT (INR Mn) Diluted EPS (INR) (Turnover) (INR Mn) (INR Mn) * 65.0 1,135 2,839 * 5,447 5,215 2,361 4,420 543 1,949 435 3,566 283 31.2 1,478 1,388 25.3 2,185 5.0 16.2 86 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 F
Slide 78: Capital Market Data
Capital Market Data 800% 700% 600% 500% 400% 300% 200% 100% 0% Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 -100% Saregama Sensex Price Data (As of 31st March, 2021) INR Shareholding Pattern as on 31st March 2021 Face Value 10.0 Others Market Price 1,594.1 29.6
Slide 79: Disclaimer
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 al