Shemaroo Entertainment Limited has informed the Exchange regarding Board meeting held on May 13, 2025.
SHEMAROO · price
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Awaiting price reaction for this filing.
Shemaroo Entertainment's board, on May 13, 2025, approved audited financial results for Q4 and FY25. Consolidated revenue from operations rose to ₹70,719.63 lakhs (vs ₹68,510.19 lakhs in FY24), while consolidated net loss narrowed sharply to ₹4,066.71 lakhs from ₹8,495.91 lakhs. Standalone revenue grew to ₹67,697.30 lakhs with a net loss of ₹4,262.80 lakhs (vs ₹8,749.61 lakhs). Operating cash flow improved to a positive ₹4,782.62 lakhs consolidated and ₹7,364.62 lakhs standalone. The board also appointed Dilip Bharadiya & Associates as Secretarial Auditor for FY26–FY30 and Joshi Apte & Associates as Cost Auditor for FY26. The statutory auditor (Mukund M. Chitale & Co.) gave an unmodified opinion but flagged a major GST demand of ₹7,025.61 lakhs in inadmissible ITC, plus penalties of ₹6,334.98 lakhs on the company and ₹133.61 crores each on the JMD, CEO, and CFO. The company is contesting these in the Bombay High Court.
Mixed signals for shareholders – annual loss narrowed significantly and revenue grew modestly, but the auditor's emphasis-of-matter on the massive GST demand (potentially over ₹400 crores including penalties on top management) is a major overhang. The stock could stay volatile until the Bombay High Court hearing outcome is known.