Shemaroo Entertainment Limited has informed the Exchange regarding Board meeting held on July 24, 2025.
SHEMAROO · price
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Awaiting price reaction for this filing.
Shemaroo Entertainment reported its Q1 FY26 (quarter ended June 30, 2025) results on a consolidated basis showing revenue of Rs. 139.52 crore, down from Rs. 154.39 crore in Q1 FY25 (a decline of around 10%). The company posted a net loss of Rs. 45.75 crore, much wider than the Rs. 17.06 crore loss a year ago, as operational costs of Rs. 152.26 crore exceeded revenue. Standalone losses were similar at Rs. 46.92 crore. The board also approved the re-appointment of Managing Director Raman Maroo, Joint MD Atul Maru, and CEO Hiren Gada for another 3 years starting January 1, 2026, subject to shareholder approval, and appointed a new Compliance Officer. Separately, the company will transfer its Mango TV broadcasting license to Mango Mass Media Pvt Ltd for a minimum consideration of Rs. 25 lakh, pending MIB approval. A major overhang is a GST demand of around Rs. 70.26 crore in ITC plus Rs. 63.35 crore penalty on the company, plus Rs. 133.61 crore personal penalties each on the JMD, CEO, and CFO — all currently under appeal/stay at the Bombay High Court.
Weak results with widening losses and revenue decline are negative for the stock. The large GST-related contingent liability (over Rs. 130 crore on the company and Rs. 400+ crore on key executives) remains a significant overhang, though legal challenges are ongoing. Stability at the top management level is maintained through the re-appointments.