Mukta Arts Limited has entered into a strategic partnership with Green Gold Animation to develop animated content based on its extensive intellectual property portfolio. The collaboration was formalized through a Memorandum of Understanding announced on February 18, 2026, marking a significant expansion into the animation sector for the film production company.

Strategic Partnership Details

The MOU establishes a framework for developing and producing animated shows and feature films utilizing Mukta Arts' iconic IP library built over four decades. The partnership combines Mukta Arts' rich storytelling legacy with Green Gold Animation's expertise in creating scalable, character-driven franchises for television, OTT platforms, and feature films.

SGM Animation Studio Launch

Mukta Arts launched SGM Animation Studio in 2025 as its dedicated Animation and Games division, representing the company's strategic expansion into animation. The studio focuses on developing, producing, and co-producing animated films, series, comic books, and games. This division leverages Mukta Arts' extensive IP library while also creating new original properties rooted in the company's established storytelling legacy.

Green Gold Animation's Expertise

Green Gold Animation, founded by Rajiv Chilaka, stands as India's leading animation studio with a proven track record in creating successful homegrown animation intellectual properties. The studio is renowned for creating the globally popular Chhota Bheem universe and brings decades of experience with hundreds of hours of animated content to the partnership.

Iconic IP Portfolio for Animation

The collaboration will focus on developing multiple animated properties inspired by landmark films from Mukta Arts' celebrated catalogue. The partnership will explore character-led spin-offs and animated adaptations from these established universes.

Leadership Perspectives

Rajiv Chilaka, Founder and CEO of Green Gold Animation, emphasized the partnership's potential to apply proven IP-building experience to Mukta Arts' iconic film catalogue. He highlighted the goal of creating animated worlds rooted in legendary stories while designed to connect with contemporary young, global audiences.

Subhash Ghai, Filmmaker and Founder of Mukta Arts Ltd., reinforced the company's commitment to creating stories with lasting emotional value. He noted that animation represents an extension of the company's IP into a new medium specifically designed for the next generation of audiences.

Development Progress

Creative teams from both Mukta Arts and Green Gold Animation have already initiated discussions regarding the partnership's implementation. The first project under this collaboration is currently in development, with both companies working together to establish the creative framework for future animated content based on the extensive IP portfolio.

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.