Shemaroo Entertainment Limited has informed the Exchange regarding Outcome of Committee Meeting held on March 27, 2026, in respect of allotment of securities.
SHEMAROO · price
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On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250 and 3.3 pts less than its Media & Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shemaroo Entertainment's Preferential Issue Committee approved the allotment of 14,10,000 equity shares at Rs. 110 per share (face value Rs. 10, premium Rs. 100), aggregating to Rs. 15.51 crores. The shares were allotted on a preferential basis to four promoter/promoter group members — Atul Hirji Maru, Raman Hirji Maroo, Hiren Uday Gada, and Jai Buddhichand Maroo — each receiving 3,52,500 shares. The purpose of the issue is the repayment or appropriation of existing unsecured debt of the company. Shareholders had earlier approved this issue via postal ballot on March 13, 2026, and in-principle approvals from BSE and NSE were received on the same day as the allotment. Post-allotment, promoter holdings rise marginally — for example, Atul Maru's stake goes from 14.70% to 15.21% and Raman Maroo's likewise, with similar small increases for the other two allottees.
This is a promoter-led equity infusion replacing unsecured debt with equity, which strengthens the balance sheet but causes a small dilution for non-promoter shareholders. The move signals promoter confidence and a deliberate deleveraging strategy, though no external capital or new investor enters the company.