The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jai Maroo, Hiren Gada, Atul Maru, Raman Maru
SHEMAROO · price
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Four promoter directors of Shemaroo Entertainment — Jai Maroo, Hiren Gada, Atul Maru, and Raman Maru — each received an allotment of 352,500 equity shares via preferential allotment on March 27, 2026. The company's share capital increased from 27,320,299 to 28,730,299 shares. Post-allotment, Jai Maroo holds 5.52%, Hiren Gada holds 10.48%, Atul Maru holds 15.21%, and Raman Maru holds 15.21%. All four are part of the promoter group (confirmed in their disclosures) and are executive/whole-time directors of the company. The Maru family members (Atul and Raman) are the largest holders at 15.21% each.
Promoter holding increased by approximately 4.9 percentage points collectively, reducing public float. Hiren Gada crossed the 10% threshold post-acquisition. The preferential allotment structure indicates the company raised capital with promoter participation, which can be seen positively as insider confidence, though it dilutes minority shareholders.