Shemaroo seeks approval for ₹600 crore related party deals
Shemaroo Entertainment Limited has advertised its Notice of Postal Ballot dated May 16, 2026, seeking shareholder approval for material related party transactions up to ₹600 crore and the remuneration of three related party employees for five years from FY27. The postal ballot also authorizes financial support from promoters, including guarantees and unsecured loans. The remote e-voting period is open from May 30, 2026, to June 28, 2026.
*this image is generated using AI for illustrative purposes only.
Shemaroo Entertainment Limited has published a newspaper advertisement regarding its Notice of Postal Ballot dated May 16, 2026. The advertisement appeared in the Financial Express and Mumbai Lakshadeep on May 30, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice seeks shareholder approval for material related party transactions worth up to ₹600 crore and the remuneration of three related party employees.
The postal ballot process covers the appointment and remuneration of Ms. Smita Maroo, Ms. Mansi Maroo, and Ms. Madhuri Gada for a period of five years effective from FY27. It also seeks authorization for financial support from promoters and the promoter group. The remote e-voting period is scheduled from May 30, 2026, to June 28, 2026.
Related Party Remuneration
The company seeks approval for the remuneration of three individuals identified as related parties under Section 188 of the Companies Act, 2013.
| Related Party | Relationship | Designation | Proposed Annual Remuneration |
|---|---|---|---|
| Ms. Smita Maroo | Wife of Mr. Jai Maroo, Executive Director | Senior Vice President - Animation, Kids Digital, L&M | ₹1,20,00,000 |
| Ms. Mansi Maroo | Daughter of Mr. Raman Maroo, Chairman & Managing Director | Producer – Central Office | ₹84,00,000 |
| Ms. Madhuri Gada | Wife of Mr. Hiren Gada, Whole-Time Director & CEO | Manager – Devotion | ₹1,20,00,000 |
The Audit Committee and Nomination and Remuneration Committee approved these resolutions on May 16, 2026. The remuneration includes salary, allowances, perquisites, and other benefits.
Material Related Party Transactions
Shareholders are asked to approve material related party transactions for the provision of financial support by the promoter and promoter group, as well as directors. The total aggregate limit for these transactions is ₹600 crore.
The resolution authorizes the acceptance of corporate guarantees, personal guarantees, securities, and collaterals provided by related parties to secure credit facilities from banks and financial institutions, up to ₹500 crore. Additionally, it permits the availing of unsecured loans from related parties up to ₹100 crore.
The related parties providing support include Mr. Raman Maroo, Mr. Atul Maroo, Mr. Hiren Gada, Mr. Jai Maroo, Shemaroo Trading Private Limited, and Shemaroo Corporation. The company stated that these guarantees and loans are extended without any guarantee commission or fees to facilitate timely credit availability and strengthen liquidity.
Voting Timeline and Procedure
The remote e-voting facility will be available from 9.00 a.m. IST on Saturday, May 30, 2026, until 5.00 p.m. IST on Sunday, June 28, 2026. Shareholders whose names appear in the Register of Members or Record of Depositories as of May 22, 2026, are eligible to vote.
| Event | Date |
|---|---|
| Cut-off Date for Voting Rights | May 22, 2026 |
| Commencement of e-voting | May 30, 2026 |
| End of e-voting | June 28, 2026 |
| Announcement of Results | June 30, 2026 |
The Board of Directors has appointed M/s. Dipesh Gosar & Co. as the scrutinizer. National Securities Depository Limited (NSDL) has been engaged to provide the e-voting facility. Related parties are not eligible to vote on the resolutions concerning their appointments or the related party transactions.
Historical Stock Returns for Shemaroo Entertainment
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.05% | +4.95% | +22.50% | +18.69% | +11.79% | +3.23% |
How will the infusion of ₹600 crore in financial support from promoters impact Shemaroo's leverage ratios and overall debt profile?
What specific strategic initiatives or expansion plans does Shemaroo intend to fund using the proposed unsecured loans and credit facilities?
How might institutional investors react to the appointment of family members to senior roles with high remuneration packages?
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