Approval of further investment in Mukta A2 Multiplex W.L.L a subsidiary Company
MUKTAARTS · price
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Mukta Arts Limited's Board approved an investment of BHD 1,20,000 (approximately Rs 26 lakhs) in its Bahrain-based subsidiary Mukta A2 Multiplex W.L.L. The company also reported FY2026 results showing standalone net profit fell 25% to Rs 559.26 lakhs versus Rs 744.05 lakhs in FY2025, with revenue declining to Rs 1,482.13 lakhs from Rs 2,031.69 lakhs. On consolidated basis, the company posted a loss of Rs 1,180 lakhs though this improved from Rs 1,731 lakhs loss in FY2025. The auditor issued a qualified opinion primarily due to ongoing litigation with Maharashtra government regarding Whistling Woods premises, where Rs 64.14 crore remains recoverable from the joint venture.
The additional investment in the Bahrain subsidiary signals continued international expansion but comes amid declining standalone profitability. The consolidated losses and qualified audit opinion on the WWIL dispute may create concern among investors regarding the company's financial health and exposure to litigation risks.