Saregama India Limited’s Board of Directors has approved the closure of its wholly-owned subsidiary, Saregama FZE, Dubai. Additionally, the Board has sanctioned the proposal to initiate the voluntary liquidation of another wholly-owned subsidiary, Kolkata Metro Networks Limited (KMNL). These decisions are part of the company’s ongoing restructuring efforts to streamline operations and reduce administrative costs. The financial impact on Saregama India Limited is anticipated to be immaterial.
Board Approves Key Restructuring Moves
Saregama India Limited announced on November 4, 2026, following a Board of Directors meeting, two significant decisions regarding its subsidiaries. The company has approved the closure of Saregama FZE,…