Mukta Arts Limited — Others, 18-03-2025: Action(s) initiated or orders passed

Mukta Arts has received fines of ₹1.73 lakh each from BSE and NSE for non-compliance with specific SEBI Listing Regulations. The non-compliance arose from the recent changes in the board's composition, notably following the end of Mr. Kewal Handa's term as an Independent Director. The company has taken steps to appoint Mr. Chandrashekhar Rentala to the board and restructure the Nomination and Remuneration Committee. Mukta Arts is seeking waivers for the fines, indicating proactive governance efforts. Investors may view the situation as presenting a neutral impact but should monitor the company's commitment to regulatory compliance moving forward.