Mukta Arts Limited — Important, 28-05-2025: General Updates

Mukta Arts has announced a board meeting to approve the financial results for the quarter and half-year. The company appointed GAMS & Associates LLP as new statutory auditors and added Mrs. Madhumati Ramchandra Lele as an independent director. It approved a BHD 1 lakh investment in its Bahrain-based subsidiary. Whistling Woods International faces risks with Rs. 19.95 Cr investments and Rs. 64.13 Cr receivables stuck in litigation. Mukta A2 Cinemas Limited remains loss-making with eroded net worth, though management is positive on the film exhibition business. Internal controls are largely adequate despite some audit qualifications.