Approval of further Investment in Mukta A2 Multiplex W.L.L, A Subsidiary Company
MUKTAARTS · price
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Mukta Arts Board approved investing BHD 1,20,000 (approximately Rs 26 lakhs) in its Bahrain-based subsidiary Mukta A2 Multiplex W.L.L. The company also reported FY2026 standalone profit of Rs 559.26 lakhs on revenue of Rs 1,482.13 lakhs, compared to Rs 744.05 lakhs profit in FY2025. On consolidated basis, the company reported a loss of Rs 1,180 lakhs on revenue of Rs 17,390.56 lakhs, though this improved from FY2025 loss of Rs 1,731.09 lakhs. The auditors issued a qualified opinion due to ongoing legal disputes with Maharashtra government over Whistling Woods premises, with Rs 64+ crore still recoverable from the joint venture.
The investment in the subsidiary is minor and routine in nature. The consolidated losses remain a concern, driven primarily by the theatrical exhibition and education segments, though the loss has narrowed year-on-year. The ongoing WWIL litigation continues to create uncertainty on the balance sheet.