Saregama India : Split of shares

Date: 24th February 2022
BSE Limited	National Stock Exchange of India Limited
Corporate Relations Department	Listing Department
Phiroze Jeejeebhoy Towers	Exchange Plaza, Plot No. C/1, G Block,
Dalal Street	Bandra Kurla Complex
Fort, Mumbai 400 001	Bandra (East), Mumbai 400051
Maharashtra, India	Maharashtra, India
BSE Scrip Code: 532163	NSE Code - SAREGAMA EQ

Dear Madam / Sir

Sub: Outcome of the Board Meeting held on 24th February 2022

Further to our letter dated 08th February 2022, we hereby inform you that pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (referred to as the "SEBI Listing Regulations"), the Board of Directors of the Company, at its Meeting held today, i.e. 24th February 2022, has inter alia, considered and unanimously approved the following: -

1. The adoption of new Articles of Association of the Company to make them consistent and aligned with the provisions of the Companies Act, 2013, as amended and the Rules framed thereunder and the provisions of Secretarial Standard on Board and General Meetings; and
2. Sub-division(split) of 1 (one) Equity Share of the Company having a face value of Rs. 10/- each (fully paid- up) to be sub-divided into 10 (Ten) Equity Shares of face value of Re. 1/- each (fully paid-up); and consequently, alteration of Capital Clause of the Memorandum of Association of the Company resulting from the said sub-division;

both 1 & 2 above being subject to such regulatory / statutory approvals as may be required, including the approval of the shareholders of the Company, by means of postal ballot. Necessary details and information in respect of the postal ballot to be conducted by way of E-Voting, would be provided in due course.

The details required under Regulation 30 of the SEBI Listing Regulations read along with SEBI Circular No. - CIR/CFD/CMD/4/2015 dated 9th September 2015 is enclosed as "Annexure A".

The Meeting of the Board of Directors of the Company commenced at 11:00 a.m. and concluded at 01:10 p.m.

You are requested to acknowledge the afore-mentioned information and oblige.

Yours faithfully,

For Saregama India Limited

VIKRAM MEHRA

Digitally signed by

VIKRAM MEHRA Date: 2022.02.24 13:20:30 +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

Sub-Division (Stock Split)

Details required under Regulation 30 of the SEBI Listing Regulations read along with SEBI Circular No. - CIR/CFD/CMD/4/2015 dated 9th September 2015

SL No.

Particulars

Details

1

Split Ratio

10:1, i.e., sub-division of existing 1 (one) Equity

Share of face value of Rs. 10/- each fully paid up into

10 (Ten) Equity Shares of Re. 1/- each fully paid.

2

Rationale behind the split of equity shares

To improve the liquidity of the Company's shares in

the Stock market and to make it affordable to the

small retail shareholders as also to broad base the

small retail shareholders.

3

Pre and Post Share Capital Structure

Type of

Pre-Split Capital Structure

Post-Split Capital Structure

Capital

No. of Equity

Face

Total Share

No. of Equity

Face

Total Share

shares

Value

Capital (Rs.)

shares

Value

Capital (Rs.)

(Rs.)

(Re.)

Authorised

2,50,00,000

10

25,00,00,000

25,00,00,000

1

25,00,00,000

Share

Capital

Issued,

1,92,80,949

10

19,28,09,490

19,28,09,490

1

19,28,09,490

subscribed

and Paid-

up capital

4

Expected time of completion

Within 2 months from approval of the

shareholders

5

Class of shares which are subdivided

Equity Shares

(There is only one class of equity shares)

6

Number of shares of each class pre and

As per point no. 3 above

post-split

7

Number of shareholders who did not get

Not Applicable

any shares in consolidation and their pre-

consolidation shareholding

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]