Mukta Arts Seeks Shareholder Approval for Appointment of Seasoned Executive as Independent Director

1 min read Updated on 21 Jul 2025, 06:14 PM

Reviewed by

Ashish TScanX News Team

Overview

Mukta Arts Limited has initiated a postal ballot to appoint Mrs. Madhumati Ramchandra Lele as a Non-Executive Independent Director for a 5-year term from May 28, 2025, to May 27, 2030. Mrs. Lele brings over 40 years of experience in senior management roles across various industries. The e-voting period is from July 23 to August 21, 2025. The appointment requires approval through a Special Resolution. Mrs. Lele's expertise includes managing large infrastructure projects, complex operations, and financial functions. She currently serves as the President of the Cricket Club of India and a Board Member of BCCI.

*this image is generated using AI for illustrative purposes only.

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.

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