Saregama India Ltd. — Capital/Financing Update 2021

Aug 3, 2021

August 3, 2021

The Manager, Listing Department, National Stock Exchange of India Ltd., 'Exchange Plaza', C-1, Block G, Bandra- Kurla Complex, Bandra (East), MUMBAI - 400 051 Symbol : SAREGAMA EQ Scrip Code : 532163

The Listing Department BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, MUMBAI - 400 001

Dear Sir/Madam,

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

With reference to the above subject, please note that the Nomination and Remuneration Committee of the Board of Directors at its meeting held today has decided to transfer 8,000 equity shares under the Saregama Employee Stock Option Scheme 2013 and the ESOP Grant Letter issued to an eligible employee.

Saregama Welfare Trust has transferred 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

KAMANA SUSHIL KHETAN Digitally signed by KAMANA SUSHIL KHETAN Date: 2021.08.03 19:32:10 +05'30'

KAMANA GOENKA

COMPANY SECRETARY AND COMPLIANCE OFFICER

Encl: as above

SAREGAMA India Limited, 33, Jessore Road, Dum Dum, Kolkata - 700 028, India. Tel: +91-33-2551 2984, Fax: +91-33-2550 0817, Web: www.saregama.com, CIN: L22213WB1946PLC014346, Email ID: Saregama@rpsg.in

ANNEXURE-A

Particulars	Details
Brief details of options granted;	The Nomination and Remuneration Committee atits meeting held on June 30, 2020 cancelled 10,000Stock Appreciation rights issued to Ms. RashnaPochkhanawalaunderSaregamaStockAppreciation Rights Scheme 2018.In accordance with the shareholders'approvalw.r.t. modification of employee share benefitschemes, the Nomination and RemunerationCommittee has granted 10,000 options to Ms.
	RashnaPochkhanawalaundertheSaregamaEmployee Stock Option Scheme 2013 at anexercise price of Rs.416.20, being in line with therequirements of the Securities and ExchangeBoard of India (Share Based Employee Benefits)Regulations, 2014.
Whether the scheme is in terms of SEBI (SBEB)Regulations;	Yes
Total number of shares covered by these options;	10,000
Pricing formula	The fair value of Employee Stock Options as on thedate of grant was determined using the BlackScholes Model which takes into account the shareprice at the measurement date, expected pricevolatility of the underlying share, the expecteddividend yield and risk free interest rate andcarrying amount of liability included in employeebenefit obligations.
Time within which the options can be exercised	The exercise period is 10 years from the date ofvesting.
Options lapsed, if any.	Nil
Money realized by exercise of options	INR 33,29,600
The total number of shares arising as a result ofexercise of option	8,000shares of Rs. 10 each
Options exercised;	8,000
Diluted earnings per share pursuant to issue ofequity shares on exercise of options.	Rs.15.87as against diluted EPS of Rs.15.88forthe quarter ended June30, 2021