Shemaroo Entertainment Ltd. Allots Shares in Preferential Issue
Shemaroo Entertainment Ltd. announced on March 27, 2026, the allotment of equity shares through a preferential issue. The company’s Preferential Issue Committee approved the allotment of 14,10,000 equity shares at a price of Rs. 110 per share, including a premium of Rs. 100 per share. This transaction aggregates to a total of Rs. 15.51 crores, intended for the repayment/appropriation of existing unsecured debt.The shares were allotted to four promoters and promoter group entities: Atul Hirji Maru, Raman Hirji Maroo, Hiren Uday Gada, and Jai Buddhichand Maroo, each receiving 3,52,500 shares.
The company is expected to apply to the stock exchanges for listing and trading approval of the newly allotted shares in due course. The preferential issue was conducted under Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Post-allotment shareholding details are outlined in the table below:
| SI No. | Name of the Proposed Allottees | Pre-Preferential Shareholding (No. of Shares) | Pre-Preferential Shareholding (%) | No. of Shares Allotted | Post-Preferential Shareholding (No. of Shares) | Post-Preferential Shareholding (%) |
|---|---|---|---|---|---|---|
| 1 | Atul Hirji Maru | 40,17,271 | 14.70 | 3,52,500 | 43,69,771 | 15.21 |
| 2 | Raman Hirji Maroo | 40,17,271 | 14.70 | 3,52,500 | 43,69,771 | 15.21 |
| 3 | Hiren Uday Gada | 26,58,155 | 9.73 | 3,52,500 | 30,10,655 | 10.48 |
| 4 | Jai Buddhichand Maroo | 12,34,200 | 4.52 | 3,52,500 | 15,86,700 | 5.52 |
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