Shahid took to photo-sharing website Instagram to share photographs from the shoot.
The first photograph shows him standing with Karan, Lauren and Hegde and Shahid captioned the image: "The reloaded version. Day 1 . #jhalakdikhlajaa".
The 34-year-old actor shared another photograph of himself along with Karan. The two were seen wearing a black suit.
"Having fun with kjo in a majo kinda way. On set #jhalakdhikhlaja," he wrote.
Karan also took to micro-blogging website Twitter, to express his excitement for the show.
"All set for #JhalakDikhhlaJaaReloaded," Karan tweeted.
Lauren, who was last seen in Remo D'Souza's "ABCD 2", and would now be seen judging the show, tweeted: "Good news guys, I will be judging this season of #Jhalak, with these hunks @shahidkapoor @karanjohar #GaneshHegde".
The upcoming season of "Jhalak Dikhhla Jaa" -- the Indian version of the internationally acclaimed reality show "Dancing with the Stars" -- will feature celebrities like Shamita Shetty, Raftaar, Vivian Dsena, Radhika Madan, Kavita Kaushik, Sanaya Irani, Deepika Samson, Ashish Chowdhry, Mohit Malik, Scarlett Mellish Wilson and Faisal Khan.
The show is expected to go on air from July 11.