Mukta Arts shareholders approved a special resolution to sell, divest, dilute, or dispose of the company's investments in a material subsidiary during the 44th Annual General Meeting held on September 22, 2026.

The meeting, conducted via video conferencing, also adopted the audited standalone and consolidated financial statements for FY26 and reappointed Parvez Farooqui as a director retiring by rotation. This corporate action follows a fiscal year where consolidated EBITDA rose 52% to ₹2,644 lakh, driven by operational improvements in cinema and education segments.

Key resolutions passed

The AGM addressed both ordinary and special business items. The ordinary business included the adoption of financial reports and the re-appointment of directors. The special business focused on strategic portfolio adjustments.

All resolutions were deemed passed subject to receipt of requisite majority votes cast through remote e-voting and e-voting at the meeting.

Financial performance context

The approval for subsidiary divestment comes after a year of strengthened financial positions across key operating entities. Consolidated revenue from operations grew 4.3% to ₹17,391 lakh, while net loss narrowed by 32% to ₹1,180 lakh. The improvement reflects genuine operating leverage, with consolidated margins expanding from 10% to 15%.

Segment-wise, Mukta A2 Cinemas saw revenue rise 18% and EBITDA surge 127% to ₹1,474 lakh. Whistling Woods International posted a 7% revenue increase to ₹5,842 lakh and a 29% jump in EBITDA to ₹652 lakh.

Strategic initiatives and outlook

Beyond the subsidiary divestment, Mukta Arts Production is returning to active film production with projects like Maanya, Taal 2, and Khalnayak 2. The company is also diversifying into animation through SGM Studios and expanding its live entertainment portfolio with events such as Eva Live × Mithoon. Additionally, Mukta A2 Cinemas has entered a management-contract partnership with One Cinemas to build a capital-light model, reducing exposure to box office cycles while retaining ownership of high-performing assets.

Mukta Arts has scheduled its 44th Annual General Meeting for September 22, 2026. The meeting will be conducted via video conferencing at 4:00 pm.

The company issued an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This notice informs members who have not registered email addresses about the availability of the Annual Report for FY26.

Annual Report Access

Shareholders can view the complete details of the Annual Report for the financial year 2025-26 on the company website. The exact path is provided in the table below.

The company dispatched letters with these web links to members without registered emails on August 27, 2026.

KYC and Demat Updates

Mukta Arts reminded security holders to update their KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/91 dated June 23, 2025. The circular mandates recording PAN, address, mobile number, bank account details, specimen signature, and nomination choice for physical securities.

Payments including dividends for folios lacking updated details must be made electronically from April 1, 2024. Shareholders are urged to dematerialise physical securities and register email IDs to avail online services.

Meeting Details

The 44th AGM is set for Tuesday, September 22, 2026. It will be held through Video Conferencing or Other Audio Visual Means. Pratiksha Panchal, Company Secretary and Compliance Officer, signed the notice.

E-Voting Process

The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting. Members holding shares as on the cut-off date of September 15, 2026, are eligible to vote.

Members who cast votes via remote e-voting prior to the meeting can participate in the AGM but cannot vote again on resolutions already voted upon. The e-voting module will be disabled after the end date.