Saregama India : Allotment of Securities

January 17, 2022
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: 532163

Subject: Transfer of equity shares against options granted to an eligible employee under the Saregama Employee Stock Option Scheme 2013

Reference: Submission of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir(s)/ Madam,

With reference to the above-mentioned subject, please note that the Nomination and Remuneration Committee of the Board of Directors at its meeting held today i.e. January 17, 2022 has decided to transfer 18,000 equity shares under the Saregama Employee Stock Option Scheme 2013 and the ESOP Grant Letter issued to an eligible employee.

Saregama Welfare Trust shall transfer the said equity shares to the said eligible employee of the Company. We herein enclose the details as necessitated under SEBI Circular CIR/CFD/CMD/4/2015 dated 9th September 2015 as "Annexure A" for Saregama Employee Stock Option Scheme 2013.

You are requested to kindly take the same on record.

Thanking you,

For SAREGAMA INDIA LIMITED

VIKRAM MEHRA

Digitally signed by

VIKRAM MEHRA Date: 2022.01.17 17:41:20 +05'30'

Vikram Mehra

Managing Director

DIN: 03556680

Encl: as above

SAREGAMA India Limited, 33, Jessore Road, Dum Dum, Kolkata - 700 028, India. Tel: [phone], Fax: [phone], Web: www.saregama.com, CIN: L22213WB1946PLC014346, Email ID: [e-mail]

ANNEXURE-A
Particulars	Details
Brief details of options granted;	The Nomination and Remuneration Committee at its
	meeting held on June 30, 2020 cancelled 90,000
	Stock Appreciation rights issued to Mr. Vikram
	Mehra, Managing Director on July 31, 2018 under
	the Saregama Stock Appreciation Rights Scheme
	2018.
	In accordance with the shareholders' approval w.r.t.
	modification of employee share benefit schemes,
	the Nomination and Remuneration Committee has
	granted 90,000 options to Mr. Vikram Mehra,
	Managing Director under the Saregama Employee
	Stock Option Scheme 2013 at an exercise price of Rs.
	416.20, being in line with the requirements of the
	Securities and Exchange Board of India (Share Based
	Employee Benefits) Regulations, 2014.
Whether the scheme is in terms of SEBI (SBEB)	Yes
Regulations;
Total number of shares covered by these options;	90,000
Pricing formula	The fair value of Employee Stock Options as on the
	date of grant was determined using the Black
	Scholes Model which takes into account the share
	price at the measurement date, expected price
	volatility of the underlying share, the expected
	dividend yield and risk free interest rate and carrying
	amount of liability included in employee benefit
	obligations.
Time within which the options can be exercised	The exercise period is 10 years from the date of
	vesting
Options lapsed, if any.	Nil
Money realized by exercise of options	INR 74,91,600
The total number of shares arising as a result of	18,000 shares of Rs. 10 each
exercise of option
Options exercised;	18,000
Diluted earnings per share pursuant to issue of	Rs. 35.01 as against diluted EPS of Rs. 35.01 for the
equity shares on exercise of options.	half year ended September 30, 2021

SAREGAMA India Limited, 33, Jessore Road, Dum Dum, Kolkata - 700 028, India.

Tel: [phone], Fax: [phone], Web: www.saregama.com,

CIN: L22213WB1946PLC014346, Email ID: [e-mail]