ALFA Filings
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Mukta Arts will dilute its stake in subsidiary Mukta A2 Cinemas, reclassifying it as an associate company, via a ₹10 Crore fundraise agreement.
Mukta Arts shareholders approved the adoption of financial statements and the re-appointment of Director Parvez Farooqui at the AGM. They also authorized the divestment of a subsidiary.
Mukta Arts Limited terminated its transaction documents (Shareholders and Securities Subscription Agreements) with Maverick Media Private Limited due to unresolvable differences. This has no material impact.
Mukta Arts will enter into agreements to bring an investment of up to ₹10 Crore into its subsidiary, Mukta A2 Cinemas, diluting its stake to associate status.