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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Saregama India Ltd

Saregama India Q2 FY27 Board Approves Subsidiary Closures and Financial Results

RESULTS ◆ Monitor Closely LOW RISK
📅 Filed on BSE: 04 Nov 2026, 12:35 PM IST  ·  BSE ID: ae3761f9-877a-49b9-ab85-70a608c59e51
View Original BSE Filing (PDF)
💡
In Simple Terms
Saregama India is closing two of its subsidiary companies and has announced its financial results.
🤖 AI Summary
  • Saregama India's Board approved the closure of Saregama FZE, Dubai, a wholly owned subsidiary.
  • Voluntary liquidation of Kolkata Metro Networks Limited, a wholly owned subsidiary, was approved by the Board.
  • The Board considered and approved unaudited consolidated financial results for the quarter ended 30 September 2026.
  • Profit for the period stood at Rs. 6,417 Lakhs for Q2 FY27, as per the approved consolidated results.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue from operations (Q2 FY27)
31,430 Lakhs
36.63%
Total Income (Q2 FY27)
31,947 Lakhs
32.29%
Profit for the period (Q2 FY27)
6,417 Lakhs
46.40%
Basic Earnings Per Share (Q2 FY27)
Rs. 3.37
47.81%
🏢 How This Affects the Company
📈
Business Impact
The closure and voluntary liquidation of two wholly owned subsidiaries, Saregama FZE and Kolkata Metro Networks Limited, indicate a streamlining of the company's operational structure.
💰
Financial Impact
The financial results for Q2 FY27 report a Profit for the period of Rs. 6,417 Lakhs and a Total comprehensive income of Rs. 6,468 Lakhs.
⚙️
Operational Impact
Discontinuing these subsidiaries simplifies the Group's structure, subject to completing all requisite regulatory, tax, and statutory formalities for the closures.
⚠️
Risk Impact
The company's initiatives for closure/liquidation are subject to approvals under local and Indian laws, including the Foreign Exchange Management Act, 1999, and the Insolvency and Bankruptcy Code, 2016, which requires compliance risk management.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this Board outcome.
👤
Who Is Affected
Shareholders of Saregama India Limited are indirectly affected by the corporate restructuring initiatives aimed at optimizing the group's operations.
🔍
Management Signal
The management's decision to close and voluntarily liquidate subsidiaries signals a strategic intent to rationalize the group structure and focus on core operations.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Completion of Saregama FZE closure — confirm final approvals and deregistration.
Progress of Kolkata Metro Networks Limited voluntary liquidation — monitor shareholder and regulatory approvals.
Q3 FY27 financial results — assess sustained profit growth and operational cost management.
LOW RISK The announced subsidiary closures are subject to standard regulatory and statutory approvals, representing routine corporate restructuring.
💡 Investor Takeaway
Saregama India's Board approved the closure of Saregama FZE, Dubai, and initiated voluntary liquidation for Kolkata Metro Networks Limited. Consolidated Profit for the period in Q2 FY27 was Rs. 6,417 Lakhs, reflecting a 46.40% YoY increase from Rs. 4,383 Lakhs in Q2 FY26.
⚖️ Strengths & Concerns

✅ Positives

  • Profit for the period for Q2 FY27 increased to Rs. 6,417 Lakhs compared to Rs. 4,383 Lakhs in Q2 FY26, representing a 46.40% YoY growth.
  • Total Income for Q2 FY27 grew to Rs. 31,947 Lakhs from Rs. 24,150 Lakhs in Q2 FY26, marking a 32.29% YoY increase.

⚠️ Concerns

  • Operational cost increased to Rs. 11,851 Lakhs in Q2 FY27 from Rs. 7,995 Lakhs in Q2 FY26, a rise of 48.23% YoY.
  • Total Expenses increased by 31.03% YoY to Rs. 23,769 Lakhs in Q2 FY27 from Rs. 18,140 Lakhs in Q2 FY26.
📅 Company Track Record
Saregama India previously reported Q1 FY27 revenue growth of 27% YoY to INR 2,636 Mn, with Adjusted EBITDA up 69%. Q2 FY27 profit for the period of Rs. 6,417 Lakhs marks a continuation of growth, following Rs. 5,188 Lakhs net profit in Q1 FY27, which was up 42.10% YoY.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What decisions did Saregama India's Board make on 4th November 2026?
The Board approved unaudited consolidated financial results for Q2 FY27, the closure of Saregama FZE, Dubai, and initiated voluntary liquidation for Kolkata Metro Networks Limited.
What was Saregama India's Profit for the period in Q2 FY27?
Saregama India reported a Profit for the period of Rs. 6,417 Lakhs for the quarter ended 30 September 2026 (Q2 FY27).
Which subsidiaries is Saregama India planning to close?
Saregama India's Board approved the closure of Saregama FZE, Dubai, and the voluntary liquidation of Kolkata Metro Networks Limited, both wholly owned subsidiaries.
What was the Revenue from Operations for Saregama India in Q2 FY27?
Saregama India's Revenue from Operations for Q2 FY27 was Rs. 31,430 Lakhs, an increase from Rs. 23,003 Lakhs in Q2 FY26.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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