Postal Ballot Notice - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
SHEMAROO · price
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Shemaroo Entertainment is conducting a postal ballot (e-voting only) seeking shareholder approval for four items. First, approval for Ms. Smita Maroo (wife of Executive Director Mr. Jai Maroo) to continue holding office as Senior Vice President with remuneration up to ₹1.2 crore per annum for 5 years from FY 2026-27. Second, appointment of Ms. Mansi Maroo (daughter of Chairman & MD Mr. Raman Maroo) as Producer with remuneration up to ₹84 lakhs per annum for 5 years. Third, appointment of Ms. Madhuri Gada (relative of Whole-Time Director & CEO Mr. Hiren Gada) as Manager with remuneration up to ₹1.2 crore per annum for 5 years. Fourth, approval for material related party transactions with promoters/directors up to ₹600 crore aggregate for financial support including guarantees (₹500 crore) and unsecured loans (₹100 crore). E-voting runs from May 30 to June 28, 2026.
The related party appointments for family members of directors may raise concerns about nepotism and conflict of interest. The ₹600 crore financial support limit with promoters is significant and will require careful monitoring for potential tunneling risks. Shareholders should evaluate whether remuneration packages are justified by the candidates' qualifications and contributions.