Mukta Arts Limited has announced the completion of its investment in Bahrain-based subsidiary Mukta A2 Multiplex W.L.L, investing BHD 60,000 (₹12.08 lakh) through equity share subscription on December 18, 2025. This development follows the company's earlier Board approval for expanding its international multiplex operations.

Investment Details

The investment particulars demonstrate Mukta Arts' commitment to its overseas expansion strategy:

The investment represents 60% of the total amount approved by the Board of Directors during their meeting held on May 28, 2025. The consideration for this equity subscription is in cash and is yet to be paid by Mukta Arts Limited.

Subsidiary Company Profile

Mukta A2 Multiplex W.L.L operates as a subsidiary company of Mukta Arts Limited, focusing on entertainment and hospitality services in Bahrain. The company's operational framework includes:

Financial Performance

The subsidiary has demonstrated consistent revenue growth over the past three years, reflecting the stability of its operations in the Bahraini market:

The turnover figures show progressive growth, with the company achieving BHD 9,64,435.00 in the most recent financial year 2023-24, representing significant improvement from BHD 3,59,709.00 in 2021-22.

Strategic Context

This investment forms part of Mukta Arts' broader international expansion strategy in the entertainment sector. The transaction is conducted at arm's length basis, with the shareholding acquired through subscription of equity shares. The company has stated that the purpose of this acquisition includes loan repayment for the subsidiary operations.

Mukta Arts Limited, through Managing Director Rahul Puri, has informed both BSE Limited and National Stock Exchange of India Limited about this investment completion, ensuring compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mukta Arts Limited , a prominent name in the Indian entertainment industry, has initiated a postal ballot process to seek shareholder approval for the appointment of Mrs. Madhumati Ramchandra Lele as a Non-Executive Independent Director. The company, known for its diverse portfolio in film production, distribution, and education, is looking to strengthen its board with this strategic addition.

Key Details of the Appointment

• Proposed Term: 5 years, from May 28, 2025, to May 27, 2030
• Voting Period: July 23, 2025 (9:00 AM) to August 21, 2025 (5:00 PM)
• Approval Required: Special Resolution

About Mrs. Madhumati Ramchandra Lele

Mrs. Lele brings a wealth of experience to Mukta Arts, with over 40 years in senior management roles across various industries:

• Professional Background: Held strategic positions in companies like Reliance Jio, Tata Group, Vodafone Group, and luxury hotel chains including Taj and Oberoi Groups
• Current Roles:
  • President of the Cricket Club of India
  • Board Member of the Board of Control for Cricket in India (BCCI)
• Expertise: Extensive experience in managing large infrastructure projects, complex operations, automation initiatives, and financial functions

Appointment Process

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, appointed Mrs. Lele as an Additional Director designated as Independent Director on May 28, 2025. This appointment is now subject to shareholder approval through the postal ballot.

Voting Process

Mukta Arts is facilitating the voting process through remote e-voting, in compliance with regulatory requirements:

• E-voting Platform: Provided by National Securities Depository Limited (NSDL)
• Scrutinizer: M/s. KDA & Associates, Practicing Company Secretary

Company's Perspective

Rahul Puri, Managing Director of Mukta Arts Limited, stated in the notice, "Mrs. Lele's extensive experience and exposure in large Indian and multinational corporations position her well to add significant value and strength to our Board. Her insights from prior experiences will be invaluable to our company's growth and governance."

Shareholder Information

Shareholders are encouraged to participate in the e-voting process. The detailed instructions for e-voting are provided in the postal ballot notice, which is available on the company's website and has been communicated to the shareholders through appropriate channels.

This move by Mukta Arts to bring Mrs. Madhumati Ramchandra Lele on board as an Independent Director reflects the company's commitment to enhancing its corporate governance and leveraging diverse expertise to drive future growth in the dynamic entertainment industry.