The Exchange had sought clarification from Shemaroo Entertainment Limited for the quarter ended 31-Dec-2024 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
SHEMAROO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shemaroo Entertainment responded to NSE's queries about its Q3 FY25 (quarter ended December 31, 2024) financial results. NSE flagged two issues: (1) a difference in PAT figures between the XBRL and PDF filings, and (2) submission of a non-machine-readable/illegible copy. The company clarified that the discrepancy was due to sign-convention changes in the Non-Controlling Interest line item in XBRL, and the actual net loss numbers remain unchanged. A revised legible copy was resubmitted. The consolidated results show Q3 revenue of Rs. 16,437.42 lakhs and a widening net loss of Rs. 3,637.37 lakhs, with a 9-month net loss of Rs. 7,984.18 lakhs. The filing also references an ongoing GST show cause notice demanding Rs. 7,025.62 lakhs (disputed by the company).
This is largely a procedural/compliance clarification with no change to reported financials, so it should not materially impact the stock. However, investors should note the deepening quarterly losses and the pending Rs. 70+ crore GST demand as ongoing risks.