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The film, which takes its title from Vikram Batra’s codename, is directed by Vishnu Varadhan. “Shershaah” also stars Kiara Advani.
Malhotra took to Instagram and shared the film’s new poster with the updated release date.
The film was earlier scheduled to bow out in July last year, but was pushed due to the coronavirus pandemic.
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Malhotra will play a double role in “Shershaah”, wherein he will portray both the Param Vir Chakra recipient Vikram Batra and his twin brother Vishal Batra.
The film is co-produced by Dharma Productions, Shabbir Boxwala, Ajay Shah and Himanshu Gandhi.
Malhotra was last seen in Milap Zaveri’s 2019 action-drama “Marjaavaan” and also has comedy “Thank God” and espionage thriller “Mission Majnu” up for release.
Advani, meanwhile, had a theatrical release last year with “Indoo Ki Jawani”. It was one of the first Bollywood films to release theatrically when cinema halls resumed operations after coronavirus-induced nationwide lockdown.
She will be next seen in horror-comedy “Bhool Bhulaiyaa 2” and Karan Johar backed “Jug Jugg Jeeyo”.