Re-appointment of M/s. M M Chitale & Co. as a Statutory Auditors of the Company.
SHEMAROO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shemaroo Entertainment reported a massive consolidated net loss of ₹21,862 lakhs for FY2026, more than double the previous year's loss of ₹8,496 lakhs, with revenue falling 15% to ₹58,306 lakhs. The company re-appointed M/s Mukund M. Chitale & Co. as statutory auditor for a second 5-year term and M/s Joshi Apte & Associates as cost auditor for FY2026-27. CFO Amit Haria resigned effective May 21, 2026, to pursue other opportunities, with no material reasons cited. The company appointed Ashish Gupta as new CFO from May 22, 2026, who brings 24 years of experience including prior roles at BARC India and International SOS. The auditors issued an unmodified (clean) opinion. An unresolved GST demand dispute of ₹7,026 lakhs plus penalties remains under litigation at the Bombay High Court.
The leadership transition at CFO level during a period of sharply deteriorating financials (losses more than doubling) could raise concerns about execution risk. The clean audit opinion provides some comfort on financial reporting integrity despite the heavy losses.