Appointment of Mr. Ashish Gupta as a Chief Financial Officer (KMP) of the Company w.e.f. May 22, 2026
SHEMAROO · price
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Shemaroo Entertainment's Board meeting on May 16, 2026 approved multiple items including CFO transition. Mr. Amit Haria resigned as CFO effective May 21, 2026 to pursue other professional opportunities, with no material reasons cited. Mr. Ashish Gupta, a chartered accountant with 24 years of global experience in finance leadership across media, IT, and security sectors (including CFO roles at International SOS and BARC India), was appointed as new CFO effective May 22, 2026. The meeting also covered audited FY2026 financial results showing consolidated loss of Rs 21,862 lakhs (vs loss of Rs 8,496 lakhs in FY2025) and standalone loss of Rs 22,161 lakhs, with revenue declining to Rs 54,731 lakhs from Rs 65,049 lakhs. Statutory and cost auditors were reappointed.
The CFO transition appears smooth with only a one-day gap between outgoing and incoming CFO, suggesting minimal disruption. However, the company continues to face significant losses and an ongoing GST dispute (Rs 7,026 lakhs demand plus penalties) which may weigh on investor sentiment.