Shemaroo Entertainment Limited has informed the Exchange regarding Appointment of M/s M M Chitale & Co. as Other of the company w.e.f. April 01, 2026.
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Shemaroo Entertainment reported audited financial results for Q4 FY2026 and full year ended March 2026. Consolidated loss for Q4 was Rs. 7,197.30 lakhs and full year loss was Rs. 21,815.28 lakhs, significantly higher than previous year's loss of Rs. 8,446.53 lakhs due to increased operational costs. Consolidated revenue from operations stood at Rs. 58,306.24 lakhs versus Rs. 68,510.19 lakhs in the previous year. The company also announced CFO transition: Mr. Amit Haria resigned effective May 21, 2026, and Mr. Ashish Gupta (24 years of experience including stints at International SOS and BARC India) has been appointed as new CFO from May 22, 2026. Additionally, the company re-appointed M/s Mukund M. Chitale & Co. as statutory auditor for a second term of five years and M/s Joshi Apte & Associates as cost auditor for FY 2026-27.
The significant widening of losses and decline in revenue may create negative sentiment among investors. The CFO transition adds to management instability concerns at a time when the company is already struggling financially.