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Shemaroo Entertainment Ltd.

BSE: 538685 Sector: Media
NSE: SHEMAROO ISIN Code: INE363M01019
BSE 16:00 | 30 Nov 126.60 -0.15
(-0.12%)
OPEN

131.00

HIGH

131.00

LOW

125.65

NSE 15:52 | 30 Nov 126.50 -0.55
(-0.43%)
OPEN

127.05

HIGH

131.00

LOW

125.10

OPEN 131.00
PREVIOUS CLOSE 126.75
VOLUME 1128
52-Week high 181.00
52-Week low 55.00
P/E 78.63
Mkt Cap.(Rs cr) 344
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 131.00
CLOSE 126.75
VOLUME 1128
52-Week high 181.00
52-Week low 55.00
P/E 78.63
Mkt Cap.(Rs cr) 344
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Shemaroo Entertainment Ltd. (SHEMAROO) - Chairman Speech

Company chairman speech

We relaunched ShemarooMe's Gujarati proposition positioning it as a premierGujarati-focused OTT service by offering a mix of original web-series plays and moviesincluding digital-first premieres. It aims to serve the underserved Gujarati audiences inIndia and abroad by catering to the entertainment needs of all Gujarati speaking audienceson one platform.

The year started with the country reeling under the impact of Covid-19. This afterIndia was already experiencing a slowdown in economic activity even prior to the outbreakof COVID-19 in March 2020. The onset of the global pandemic and ensuing lockdown dealt asevere blow to the Indian economy. The Indian media and entertainment industry too wassignificantly impacted due to nationwide lockdown restrictions slowdown in advertisingspends and breaking down of content supply chains. All segments within the media andentertainment ecosystem except digital subscription and online gaming witnessed a hugedecline in revenues.

This year continued to be a year of investments for us in our newer initiatives likebroadcasting and ShemarooMe. While still in an investment phase our broadcasting businessstarted its journey of monetization through advertising during the year on both itschannels i.e. Shemaroo MarathiBana and Shemaroo TV.

We relaunched ShemarooMe's Gujarati proposition positioning it as a premierGujarati-focused OTT service by offering a mix of original web-series plays and moviesincluding digital-first premieres. It aims to serve the underserved Gujarati audiences inIndia and abroad by catering to the entertainment needs of all Gujarati speaking audienceson one platform. ShemarooMe has embarked on a journey of making every Gujarati fall inlove with Gujarati Entertainment once again.

The year has been a challenging and difficult one for our employees and hencemaintaining their health and well-being has been our top priority. Throughout the year wehave taken various steps to ensure that our employees remain in their most positivespirits and good mental health. Facilitated by an aggressive vaccination drive we arehappy to announce that more than 80% of our employees have taken their first dose of

Covid-19 vaccination. We also focused on maintaining financial stability for ouremployees by ensuring no salary cuts and offering covid insurance.

Your company has not only survived through the unprecedented disruption and challengingtimes that the year brought upon us as well as the sector but has come out of it strongerthan before. We would like to thank the efforts of our employees the faith shown by ourshareholders banking partners and the guidance provided by our directors which has helpedus steer through these difficult times.

Looking ahead we expect the economic recovery to gain momentum from the second quarterof financial year 2022 as we see lockdown restrictions lifting and vaccinations ramping upresulting in improved consumer and business confidence across sectors. Fuelled by thesefavourable tailwinds along with all our investments over the years we are confident ofdelivering a stronger financial and operational performance and taking giant footsteps onour journey of ‘building mindshare' across all our businesses.

Your's sincerely
Raman Maroo

.