Mukta Arts Limited — Important, 17-02-2025: Updates

The Board of Directors of Mukta Arts Limited recently addressed a non-compliance issue related to the composition of the Board and the reconstitution of the Nomination and Remuneration Committee for the quarter ended September 2024, within a meeting held on February 12, 2025. The delay in compliance was deemed inadvertent. Corrective actions have been initiated, including appointing Mr. Chandrshekhar Rentala as a Non-Executive, Independent Director effective October 22, 2024. The Company confirmed that it remitted the fine imposed by BSE and NSE by December 3, 2024. This development reflects the Company’s effort to adhere to regulatory compliance, which could positively influence investor sentiment and operational stability moving forward.