Shemaroo Entertainment Limited has informed the Exchange regarding Appointment of Mr Ashish Gupta as Chief Financial Officer of the company w.e.f. May 22, 2026.
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Shemaroo Entertainment Limited held its Board meeting on May 16, 2026, approving audited financial results for Q4 and FY 2025-26. The company reported a consolidated net loss of Rs 21,861.58 Lakhs for FY2026, significantly higher than Rs 8,495.91 Lakhs loss in FY2025. Revenue from operations declined to Rs 58,306.24 Lakhs from Rs 68,510.19 Lakhs. Mr. Amit Haria resigned as CFO effective May 21, 2026, to pursue other professional opportunities. The company appointed Mr. Ashish Gupta, a chartered accountant with 24 years of global experience, as the new CFO effective May 22, 2026. Statutory auditor M/s Mukund M. Chitale & Co. was re-appointed for a second term of 5 years, and cost auditor M/s Joshi Apte & Associates was re-appointed for FY 2026-27.
The CFO change appears routine as the company simultaneously appointed a qualified replacement. However, the significantly higher losses (more than double previous year) and declining revenues indicate ongoing financial stress, which may concern shareholders.