Saregama India logo

Saregama India MD, chairman, board of directors and AGM

NSE: SAREGAMABSE: 532163EntertainmentSmall Cap

Formerly The Gramophone Company of India
Last close ₹487.10down ₹21.80 (4.28%)BSE ₹488.65

Share price at the NSE close on 23 Oct 2026. Previous close ₹508.90.

52-week range of traded prices to 23 Oct 2026
₹307.05Low, 9 Mar 2026₹574.50High, 5 Aug 2026
Market cap
₹9,392 Cr667th largest listed
P/E
42.3
P/B
5.5
Dividend yield
0.92%
ROE
13.6%
ROCE
16.3%
Debt to equity
0.04
Volume, NSE
4,74,26856.8% delivered

Saregama India board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonDr. Sanjiv Goenka
  • Managing directorVikram Mehra
  • Company Secretary and Compliance OfficerNayan Kumar Misra

8 directors4 independent1 executive3 non-executive

  • Dr. Sanjiv Goenka · ChairpersonNon-executive · joined Aug 1991 · reappointed Aug 1991 · 5 listed boards · 2 committee seats, 2 as chair
  • Preeti GoenkaNon-executive · joined May 2013 · reappointed May 2013 · 2 listed boards
  • Avarna JainNon-executive · joined May 2018 · reappointed May 2018 · 1 listed board
  • Noshir Naval FramjeeIndependent · joined Jun 2017 · reappointed Jun 2022 · 108 months as independent · 2 listed boards · 2 as independent · 6 committee seats, 2 as chair
  • Vikram Mehra · Managing directorExecutive · joined Oct 2014 · reappointed Oct 2024 · 1 listed board · 1 committee seat
  • Kusum DadooIndependent · joined Nov 2023 · reappointed Nov 2023 · 32 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 2 as chair
  • Pratip ChaudhuriIndependent · joined Jul 2025 · reappointed Jul 2025 · 11 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 3 as chair
  • Vinod KumarIndependent · joined Jul 2025 · reappointed Jul 2025 · 11 months as independent · 2 listed boards · 2 as independent · 10 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Santanu Bhattacharya, left 21 Dec 2025: Tenure Completion
  • Umang Kanoria, left 27 Sep 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 24 Jun 20267 of 8 present4 independent · 40 days in between
    • 14 May 20268 of 8 present4 independent · 99 days in between
    • 3 Feb 20268 of 8 present4 independent

  • Audit Committee

    Chair Pratip Chaudhuri

    Noshir Naval Framjee, Vinod Kumar

    • 24 Jun 20263 of 3 present3 independent · 40 days in between
    • 14 May 20263 of 3 present3 independent · no day in between
    • 13 May 20263 of 3 present3 independent · 98 days in between
    • 3 Feb 20263 of 3 present3 independent · no day in between
    1 earlier meeting
    • 2 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Noshir Naval Framjee

    Pratip Chaudhuri, Vinod Kumar

    • 24 Jun 20263 of 3 present3 independent
    • 13 May 20263 of 3 present3 independent
    • 6 Jan 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Pratip Chaudhuri

    Kusum Dadoo, Vikram Mehra

    • 13 May 20263 of 3 present3 independent

  • Risk Management Committee

    Chair Vikram Mehra

    Noshir Naval Framjee, Pratip Chaudhuri, Vinod Kumar, Yazad Anklesaria

    • 13 May 20264 of 4 present3 independent

  • Corporate Social Responsibility Committee

    Chair Noshir Naval Framjee

    Pratip Chaudhuri, Vinod Kumar

    • 13 May 20263 of 3 present3 independent
    • 23 Mar 20263 of 3 present3 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • B S R and Co. LLPPeer-review certificate valid to Jul 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Saregama India AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Saregama India dividend history

Annual general meeting, 15 Sep 2026

68,269 shareholders on the register on 8 Sep 2026; present: 4 promoters and 75 others; votes counted by Vaibhav Dandawate / M/s. Makarand M. Joshi & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a)the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Reports of the Board of Directors and Statutory Auditors thereon and, b)the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the Report of Statutory Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 75.75% · promoters 100.00% · institutions 63.58% · other public 8.76%

  2. To note and confirm the Interim Dividend declared and paid for the Financial Year ended 31st March 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.75% · promoters 100.00% · institutions 63.59% · other public 8.76%

  3. To appoint a director in place of Mr. Vikram Mehra (DIN: 03556680), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.41% · other public 0.03%

    Turnout: all 75.75% · promoters 100.00% · institutions 63.58% · other public 8.76%

  4. Ratification of remuneration payable to Cost Auditors for the Financial Year ended on 31st March, 2027
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 75.75% · promoters 100.00% · institutions 63.58% · other public 8.76%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 10 Sep 2025, 7 resolutions

72,462 shareholders on the register on 3 Sep 2025; present: 3 promoters and 97 others; votes counted by Mohan Ram Goenka / MR & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt : a) the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereon and, b) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 and the Report of Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 79.81% · promoters 100.00% · institutions 80.63% · other public 12.87%

  2. To Confirm the payment of Interim Dividend for the Financial Year ended 31st March, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 79.81% · promoters 100.00% · institutions 80.63% · other public 12.87%

  3. To appoint a director in place of Ms. Avarna Jain (DIN: 02106305), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.41% · other public 0.01%

    Turnout: all 79.81% · promoters 100.00% · institutions 80.63% · other public 12.87%

  4. Ratification of remuneration payable to Cost Auditor for the financial year ended on 31st March, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 79.81% · promoters 100.00% · institutions 80.63% · other public 12.87%

  5. Appointment of M/s. Alwyn Jay & Co., Practicing Company Secretaries as the Secretarial Auditor of the Company
    Ordinary
    99.50% for0.50% against

    Against: promoters 0.00% · institutions 2.23% · other public 0.01%

    Turnout: all 79.81% · promoters 100.00% · institutions 80.63% · other public 12.87%

  6. Appointment of Mr. Pratip Chaudhuri (DIN: 00915201) as a Non-Executive, Independent Director of the Company.
    Special
    97.13% for2.87% against

    Against: promoters 0.00% · institutions 12.85% · other public 0.02%

    Turnout: all 79.81% · promoters 100.00% · institutions 80.63% · other public 12.87%

  7. Appointment of Mr. Vinod Kumar (DIN: 01800577) as a Non-Executive, Independent Director of the Company.
    Special
    93.19% for6.81% against

    Against: promoters 0.00% · institutions 30.54% · other public 0.02%

    Turnout: all 79.81% · promoters 100.00% · institutions 80.63% · other public 12.87%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Aug 2024, 5 resolutions

Present: 3 promoters and 56 others.The company's voting result (opens in a new tab)

  1. a) the Audited Financial Statements of the Company for the financial year ended 31st March, 2024 together with the Reports of the Board of Directors and Auditors thereon and,nb) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March 2024 and the Report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 78.49% · promoters 100.00% · institutions 77.20% · other public 14.04%

  2. Confirmation of the payment of Interim Dividend for the Financial Year ended 31st March 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 78.49% · promoters 100.00% · institutions 77.20% · other public 14.04%

  3. Re-appointment of Dr. Sanjiv Goenka (DIN: 00074796), as a Director who retires by rotation.
    OrdinaryPromoters have an interest in it
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.90% · other public 0.01%

    Turnout: all 78.49% · promoters 100.00% · institutions 77.20% · other public 14.04%

  4. Ratification of remuneration of Cost Auditor for the financial year ended on 31st March, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 78.49% · promoters 100.00% · institutions 77.20% · other public 14.04%

  5. Re-appointment of Mr. Vikram Mehra (DIN: 03556680) as Managing Director of the Company and fixation of remuneration payable to him.
    Special
    95.19% for4.81% against

    Against: promoters 0.00% · institutions 22.75% · other public 0.01%

    Turnout: all 77.79% · promoters 100.00% · institutions 77.20% · other public 10.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 4 Jan 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Ms. Kusum Dadoo (DIN: 06967827) as a Non-Executive Independent Woman Director of the Company for a term of 5 (five) consecutive years commencing from 1st November, 2023 upto 31st October, 2028.MoreLess
    Special
    97.21% for2.79% against

    Against: promoters 0.00% · institutions 15.80% · other public 0.05%

    Turnout: all 75.93% · promoters 100.00% · institutions 69.13% · other public 16.02%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 31 Aug 2023, 9 resolutions

Present: 3 promoters and 77 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt:na) the Revised Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2023 together with the Reports of the Board of Directors and Auditors thereonnb) the Revised Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2023 and the Report of Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 76.07% · promoters 100.00% · institutions 67.55% · other public 17.57%

  2. To take on record the payment of Interim Dividend @ 300%, (i.e., Rs. 3/- per equity share of Re.1/- each), already paid for the Financial Year ended 31st March, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 76.07% · promoters 100.00% · institutions 67.55% · other public 17.57%

  3. To appoint a Director in place of Mrs. Preeti Goenka (DIN: 05199069), who retires by rotation and being eligible, offers herself for re-appointment
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.32% · other public 0.06%

    Turnout: all 76.07% · promoters 100.00% · institutions 67.55% · other public 17.57%

  4. Ratification of remuneration of Cost Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 76.07% · promoters 100.00% · institutions 67.55% · other public 17.57%

  5. Variation in the remuneration payable to Mr. Vikram Mehra (DIN: 03556680), Managing Director of the Company
    Special
    95.34% for4.66% against

    Against: promoters 0.00% · institutions 26.08% · other public 0.13%

    Turnout: all 74.98% · promoters 100.00% · institutions 67.55% · other public 12.41%

  6. Place for keeping and inspection of registers and returns at any place other than the registered office of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 76.07% · promoters 100.00% · institutions 67.55% · other public 17.57%

  7. Approval under Section 180(1)(a) of the Companies Act, 2013 inter alia for creation of mortgage or charge on the assets, properties or undertaking(s) of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 76.07% · promoters 100.00% · institutions 67.55% · other public 17.57%

  8. Approval for making amendments in the Employee Stock Option Scheme – 2013
    Special
    95.53% for4.47% against

    Against: promoters 0.00% · institutions 25.37% · other public 0.12%

    Turnout: all 76.07% · promoters 100.00% · institutions 67.55% · other public 17.57%

  9. Approval for amending the ‘Pool’, that is, the number of Options available for Grant under the Employee Stock Option Scheme – 2013
    Special
    95.53% for4.47% against

    Against: promoters 0.00% · institutions 25.37% · other public 0.12%

    Turnout: all 76.07% · promoters 100.00% · institutions 67.55% · other public 17.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 21 Dec 2022, 1 resolution

Present: 0 promoters and 49 others.The company's voting result (opens in a new tab)

  1. APPROVAL OF SCHEME OF ARRANGEMENT BETWEEN SAREGAMA INDIA LIMITED AND DIGIDRIVE DISTRIBUTORS LIMITED AND THEIR RESPECTIVE SHAREHOLDERS AND CREDITORS
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 73.53% · promoters 100.00% · institutions 51.87% · other public 21.50%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 4 Aug 2022, 5 resolutions

Present: 3 promoters and 341 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt:na) the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2022 together withnthe Reports of the Board of Directors and Auditors thereon.nb) the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2022 and thenReport of Auditors thereon.nMoreLess
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.81% · other public 0.00%

    Turnout: all 76.32% · promoters 100.00% · institutions 60.75% · other public 26.73%

  2. To confirm the payment of Interim Dividend @ 300%, (i.e., Rs.30/- per equity share of Rs.10/- each), already paid for the financialnyear ended 31st March, 2022
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 76.32% · promoters 100.00% · institutions 60.75% · other public 26.73%

  3. To appoint Mr. Vikram Mehra (DIN: 03556680), who retires by rotation and being eligible, offers himself for re-appointmentnas a director
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.91% · promoters 100.00% · institutions 60.75% · other public 20.23%

  4. To re-appoint M/s B S R & Co. LLP, Chartered Accountants (ICAI Firm Registration Number – 101248W/W-100022) as thenStatutory Auditors of the Company.
    OrdinaryPromoters have an interest in it
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.81% · other public 0.00%

    Turnout: all 76.32% · promoters 100.00% · institutions 60.75% · other public 26.73%

  5. Ratification of remuneration of Cost Auditor
    OrdinaryPromoters have an interest in it
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.81% · other public 0.01%

    Turnout: all 76.32% · promoters 100.00% · institutions 60.75% · other public 26.73%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 31 Mar 2022, 2 resolutions

The company's voting result (opens in a new tab)

  1. Adoption of new set of Articles Of Associations (‘AOA’) as per Companies Act, 2013 in place of existing AOA
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.08% · other public 0.01%

    Turnout: all 75.53% · promoters 100.00% · institutions 64.41% · other public 21.72%

  2. Sub-Division (split) of 1 (One) equity share of the face value of Rs. 10/- (fully paid-up) into 10 (Ten) equity shares of face value of Re. 1 /- each (fully paid-up) and consequential alteration of capital clause of Memorandum of AssociationMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 75.53% · promoters 100.00% · institutions 64.41% · other public 21.72%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 15 Sep 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt: a)the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Reports of the Board of Directors and Statutory Auditors thereon and, b)the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the Report of Statutory Auditors thereon.MoreLess
    10 for0 against
  • To note and confirm the Interim Dividend declared and paid for the Financial Year ended 31st March 2026.
    10 for0 against
  • To appoint a director in place of Mr. Vikram Mehra (DIN: 03556680), who retires by rotation and being eligible, offers himself for re-appointment
    10 for0 against
  • Ratification of remuneration payable to Cost Auditors for the Financial Year ended on 31st March, 2027
    10 for0 against

Mutual fund votes, meeting of 10 Sep 2025, 18 fund houses

  • To receive, consider and adopt : a) the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereon and, b) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 and the Report of Auditors thereonMoreLess
    18 for0 against
  • To Confirm the payment of Interim Dividend for the Financial Year ended 31st March, 2025
    18 for0 against
  • To appoint a director in place of Ms. Avarna Jain (DIN: 02106305), who retires by rotation and being eligible, offers herself for re-appointment.
    18 for0 against
  • Ratification of remuneration payable to Cost Auditor for the financial year ended on 31st March, 2026
    18 for0 against
  • Appointment of M/s. Alwyn Jay & Co., Practicing Company Secretaries as the Secretarial Auditor of the Company
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual Fund, Nippon India Mutual FundTransparency concern: Remuneration of outgoing auditor not disclosed, thus, material change, if any, with proposed audit fee cannot be ascertained.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of the proposed Auditors. Transparency concern: Remuneration of outgoing auditor not disclosed, thus, material change, if any, with proposed audit fee cannot be ascertained.
    11 for7 against
  • Appointment of Mr. Pratip Chaudhuri (DIN: 00915201) as a Non-Executive, Independent Director of the Company.
    Against 360 One Mutual Fund, Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Helios Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • 360 One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Prolonged association with the Group
    • Angel One Mutual FundGovernance concern: Prolonged association with the Group.
    • Axis Mutual Fund, Jio BlackRock Mutual FundPratip Chaudhuri, 71, is the former Chairperson of State Bank of India. He has also served as the ex-officio Chairperson of SBI Global Factors Limited, State Bank of Mysore, State Bank of Bikaner & Jaipur, State Bank of Travancore, State Bank of Hyderabad, SBI Cards and SBI Life. He has over four decades of experience in the banking sector. While his appointment is in line with statutory requirements, we note that he served on the board of CESC Limited, a promoter group entity, from 1 October 2014 to 30 September 2024. We consider overall association with the promoter group when computing aggregate tenure. Since his association with the promoter group exceeds ten years, we do not support his appointment as an Independent Director. Therefore, we do not support the resolution.
    • HDFC Mutual FundMr. Pratip Chaudhuri, 71, is the former Chairperson of State Bank of India. He has also served as the ex-officio Chairperson of SBI Global Factors Limited, State Bank of Mysore, State Bank of Bikaner & Jaipur, State Bank of Travancore, State Bank of Hyderabad, SBI Cards and SBI Life. He has over four decades of experience in the banking sector. Since his association with the promoter group exceeds ten years, we do not support his appointment as an Independent Director. We do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundGovernance concern: Prolonged association with the Group
    5 for13 against
  • Appointment of Mr. Vinod Kumar (DIN: 01800577) as a Non-Executive, Independent Director of the Company.
    Against 360 One Mutual Fund, Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Helios Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • 360 One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. Governance concern: Prolonged association with the Group; Ex-executive/ Ex-employee in Group Company.
    • Angel One Mutual Fund, Nippon India Mutual FundGovernance concern: Prolonged association with the Group; Ex-executive/ Ex-employee in Group Company.
    • Axis Mutual FundVinod Kumar, 70, was previously associated with CESC Limited as Executive Director - New Initiatives, from August 2007 to April 2019, as per public sources. He has over 35 years of experience with companies such as Tata Steel, Tata Power and Jindal Power. He holds a B.Tech degree in Mechanical Engineering from IIT Kharagpur and a Post Graduate Diploma in Business Management (PGDBM) from XLRI Jamshedpur. While his appointment is in line with statutory requirements, we note that he served on the board of Dhariwal Infrastructure Limited, a promoter group entity, from 27 August 2009 to 23 September 2024. We consider overall association with the promoter group when computing aggregate tenure. Since his association with the promoter group exceeds ten years, we do not support his appointment as an Independent Director. Therefore, we do not support the resolution.
    • HDFC Mutual FundMr. Vinod Kumar, 70, was previously associated with CESC Limited as Executive Director – New Initiatives. He has over 35 years of experience with companies such as Tata Steel, Tata Power and Jindal Power. His overall association with the promoter group when computing aggregate tenure exceeds ten years, we do not support his appointment as an Independent Director. We do not support the resolution.
    • Jio BlackRock Mutual FundVinod Kumar, 70, was previously associated with CESC Limited as Executive Director – New Initiatives, from August 2007 to April 2019, as per public sources. He has over 35 years of experience with companies such as Tata Steel, Tata Power and Jindal Power. He holds a B.Tech degree in Mechanical Engineering from IIT Kharagpur and a Post Graduate Diploma in Business Management (PGDBM) from XLRI Jamshedpur. While his appointment is in line with statutory requirements, we note that he served on the board of Dhariwal Infrastructure Limited, a promoter group entity, from 27 August 2009 to 23 September 2024. We consider overall association with the promoter group when computing aggregate tenure. Since his association with the promoter group exceeds ten years, we do not support his appointment as an Independent Director. Therefore, we do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    5 for13 against
6 earlier meetings

Mutual fund votes, meeting of 27 Aug 2024, 15 fund houses

  • a) the Audited Financial Statements of the Company for the financial year ended 31st March, 2024 together with the Reports of the Board of Directors and Auditors thereon and,nb) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March 2024 and the Report of Auditors thereon.MoreLess
    15 for0 against
  • Confirmation of the payment of Interim Dividend for the Financial Year ended 31st March 2024.
    15 for0 against
  • Re-appointment of Dr. Sanjiv Goenka (DIN: 00074796), as a Director who retires by rotation.
    15 for0 against
  • Ratification of remuneration of Cost Auditor for the financial year ended on 31st March, 2024
    15 for0 against
  • Re-appointment of Mr. Vikram Mehra (DIN: 03556680) as Managing Director of the Company and fixation of remuneration payable to him.
    Against Axis Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Mirae Asset Mutual Fund
    • Axis Mutual Fund, DSP Mutual FundVikram Mehra, 51, is Managing Director of the company since 27 October 2014. His proposed remuneration is estimated at ~ Rs. 177.7 mn, comprising Rs. 37.7 mn, of apportioned fair value of stock options granted in December 2022. The proposed remuneration is high for the size of the business and not comparable to peers. For FY24, his remuneration at Rs. 158.4 mn, was 19% of Employee Benefit Expense and ~5.8% of FY24 PBT, which is high. In the past he received stock option grants every four years; the company must disclose the quantum of options he is entitled to during the proposed term, and the performance parameters that govern the performance bonus (capped at Rs. 350 mn) and the vesting of stock option grants.
    • Edelweiss Mutual FundNot fit and proper due to various controveries
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    11 for4 against

Mutual fund votes, meeting of 4 Jan 2024, 9 fund houses

  • Appointment of Ms. Kusum Dadoo (DIN: 06967827) as a Non-Executive Independent Woman Director of the Company for a term of 5 (five) consecutive years commencing from 1st November, 2023 upto 31st October, 2028.MoreLess
    Against Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with Section 149 of the Companies Act, 2013: 3 years not lapsed since cessation of previous Independent Directorship. Governance Concern: Ex-officio ID position. Proposed appointment will lead to prolonged association with the Group
    • Nippon India Mutual FundNo Cooling off Period & prolonged association
    5 for4 against

Mutual fund votes, meeting of 31 Aug 2023, 2 fund houses

  • To receive, consider and adopt:na) the Revised Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2023 together with the Reports of the Board of Directors and Auditors thereonnb) the Revised Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2023 and the Report of Auditors thereonMoreLess
    2 for0 against
  • To take on record the payment of Interim Dividend @ 300%, (i.e., Rs. 3/- per equity share of Re.1/- each), already paid for the Financial Year ended 31st March, 2023
    2 for0 against
  • To appoint a Director in place of Mrs. Preeti Goenka (DIN: 05199069), who retires by rotation and being eligible, offers herself for re-appointment
    2 for0 against
  • Ratification of remuneration of Cost Auditor
    2 for0 against
  • Variation in the remuneration payable to Mr. Vikram Mehra (DIN: 03556680), Managing Director of the Company
    2 for0 against
  • Place for keeping and inspection of registers and returns at any place other than the registered office of the Company.
    2 for0 against
  • Approval under Section 180(1)(a) of the Companies Act, 2013 inter alia for creation of mortgage or charge on the assets, properties or undertaking(s) of the Company.
    2 for0 against
  • Approval for making amendments in the Employee Stock Option Scheme – 2013
    2 for0 against
  • Approval for amending the ‘Pool’, that is, the number of Options available for Grant under the Employee Stock Option Scheme – 2013
    2 for0 against

Mutual fund votes, meeting of 21 Dec 2022, 4 fund houses

  • APPROVAL OF SCHEME OF ARRANGEMENT BETWEEN SAREGAMA INDIA LIMITED AND DIGIDRIVE DISTRIBUTORS LIMITED AND THEIR RESPECTIVE SHAREHOLDERS AND CREDITORS
    4 for0 against

Mutual fund votes, meeting of 4 Aug 2022, 3 fund houses

  • To receive, consider and adopt:na) the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2022 together withnthe Reports of the Board of Directors and Auditors thereon.nb) the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2022 and thenReport of Auditors thereon.nMoreLess
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundNon-disclosure of latest financial statements of Subsidiaries on the website
    2 for1 against
  • To confirm the payment of Interim Dividend @ 300%, (i.e., Rs.30/- per equity share of Rs.10/- each), already paid for the financialnyear ended 31st March, 2022
    3 for0 against
  • To appoint Mr. Vikram Mehra (DIN: 03556680), who retires by rotation and being eligible, offers himself for re-appointmentnas a director
    3 for0 against
  • To re-appoint M/s B S R & Co. LLP, Chartered Accountants (ICAI Firm Registration Number – 101248W/W-100022) as thenStatutory Auditors of the Company.
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundInadequate disclosure
    2 for1 against
  • Ratification of remuneration of Cost Auditor
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundLow audit fees
    2 for1 against

Mutual fund votes, meeting of 31 Mar 2022, 2 fund houses

  • Adoption of new set of Articles Of Associations (‘AOA’) as per Companies Act, 2013 in place of existing AOA
    2 for0 against
  • Sub-Division (split) of 1 (One) equity share of the face value of Rs. 10/- (fully paid-up) into 10 (Ten) equity shares of face value of Re. 1 /- each (fully paid-up) and consequential alteration of capital clause of Memorandum of AssociationMoreLess
    2 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhere
QIPNov 20217.50To facilitate and meet its requirements of additional fund mainly for acquisition of content - music across multiple Indian languages, inorganic growth through acquisition to plug gaps in the content lineup and also for general corporate purpose including but not limited to pursuing new business opportunities, acquisitions, meeting the issue expenses etc. as stated in the Placement Document dated 10th November, 20217.506.59No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.