STEL Holdings Limited Acquires 3,50,000 Equity Shares of Saregama India Limited for Rs. 12.44 Crores

STEL Holdings Limited has announced the acquisition of 3,50,000 fully paid-up equity shares of Saregama India Limited through market purchase on March 16, 2026. The transaction was disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Transaction Details

The acquisition represents a strategic investment by STEL Holdings, which is an unregistered Core Investment Company and member of the promoter group of Saregama India Limited. The company acquired the shares through market purchase orders placed on March 16, 2026, with contract notes confirming the purchase on the same date.

Parameter: Details Number of Shares: 3,50,000 equity shares Face Value: Re. 1/- per share Purchase Price: Rs. 355.70 per share (approx.) Total Cost: Rs. 12,44,94,818 (approx.) Stake Acquired: 0.18% Consideration Type: Cash

Related Party Transaction Status

The acquisition does not constitute a related party transaction as it was executed through market purchases on stock exchanges at prevailing market prices. STEL Holdings was already an existing shareholder in Saregama India Limited, holding 0.26% of shares prior to this acquisition. As a promoter group company, this acquisition was made in the ordinary course of STEL Holdings' business operations.

About Saregama India Limited

Saregama India Limited operates in the Media & Entertainment industry and stands as one of India's leading music and entertainment companies. The company has a rich legacy dating back to 1901 as part of The Gramophone Company of India, incorporated on August 13, 1946.

Financial Performance: Amount (Rs. Crores) FY 2022-23 Revenue: 736.62 FY 2023-24 Revenue: 803.00 FY 2024-25 Revenue: 1,171.36 FY 2024-25 Turnover: 1,171.36

Saregama primarily operates in music production, acquisition and distribution, owning one of the largest music archives in India across multiple languages. The company has expanded its operations to include film and television content production, digital entertainment, and the popular digital music player Carvaan. Its content is distributed across various global digital streaming platforms, serving audiences in India and internationally across five countries.

Regulatory Compliance

The transaction required no governmental or regulatory approvals, being conducted through standard market mechanisms. The acquisition was completed efficiently with orders placed and contract notes received on the same trading day, March 16, 2026.

STEL Holdings Limited has announced the acquisition of 35,970 equity shares in Zensar Technologies Limited through a market purchase transaction completed on March 05, 2026. The company disclosed this acquisition under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Details

The acquisition involved purchasing fully paid equity shares with a face value of Re. 2/- each at approximately Rs. 554.11 per share, excluding brokerage and other applicable taxes and charges. The total cost of acquisition amounts to approximately Rs. 2.00 crores.

Transaction Parameter: Details Number of Shares Acquired: 35,970 equity shares Price per Share: Rs. 554.11 (approx.) Total Investment: Rs. 2.00 crores (approx.) Shareholding Increase: 0.016% Transaction Date: March 05, 2026 Settlement Confirmation: March 06, 2026

About Zensar Technologies

Zensar Technologies Limited is a leading technology consulting and services company guided by an 'experience-led everything' philosophy. Headquartered in Pune, India, the company operates with a diverse team of over 10,000 professionals across 30+ global locations, serving 145+ leading enterprises.

The company's consolidated revenue performance shows consistent growth:

Financial Year: Revenue (Rs. Crores) FY 2022-23: 4,848.20 FY 2023-24: 4,901.90 FY 2024-25: 5,280.60

Business Operations and Services

Zensar Technologies operates in the Computers - Software & Consulting industry, offering comprehensive technology solutions. The company's service portfolio includes:

Cloud Infrastructure and Security

Data Engineering and Analytics

Artificial Intelligence solutions

Enterprise Applications (CRM and ERP)

IT managed services and application management

Incorporated on March 29, 1963, Zensar has established a global presence and maintains its commitment to delivering value, championing sustainability, and putting people first in its operations.

Strategic Context

STEL Holdings Limited, an unregistered Core Investment Company and member of the promoter group of Zensar Technologies Limited, made this acquisition in the ordinary course of its business. The company was already an existing shareholder holding 0.05% of shares in Zensar Technologies prior to this transaction.

The acquisition was executed as a market purchase through trades at stock exchanges at prevailing market prices, and does not constitute a related party transaction. No governmental or regulatory approvals were required for completing this acquisition, as confirmed in the regulatory disclosure.

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