Shemaroo Entertainment Limited has informed the Exchange regarding Resignation of Mr Amit Haria as Chief Financial Officer of the company w.e.f. May 21, 2026.
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Shemaroo Entertainment's CFO Mr. Amit Haria resigned effective May 21, 2026, to pursue other professional avenues. The company appointed Mr. Ashish Gupta as new CFO starting May 22, 2026. Gupta is a chartered accountant with 24 years of experience across multiple sectors and previously served as CFO at International SOS and BARC India. The company also reported audited financial results for FY 2026 showing a consolidated net loss of Rs. 2,186.16 lakh, a significant deterioration from the prior year's loss of Rs. 849.59 lakh. Revenue from operations stood at Rs. 5,830.62 lakh. The company raised Rs. 1,551 lakh via preferential allotment of 14.1 lakh equity shares to promoters toward debt conversion. Statutory auditor Mukund M. Chitale & Co. and cost auditor Joshi Apte & Associates were reappointed. An ongoing GST dispute with a demand order of Rs. 7,025.61 lakh plus penalties remains before a Larger Bench of Bombay High Court.
The CFO change follows a smooth succession with an experienced external candidate, but the company is facing significant financial losses and an unresolved multi-crore GST dispute that poses governance and liquidity risks for shareholders.