Mukta Arts Limited has informed the Exchange regarding Re-appointment of M/s Garg Devendra & Associates as Internal Auditor of the company w.e.f. May 22, 2026 for the FY 2026-2027
MUKTAARTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mukta Arts Limited held its Board meeting on May 22, 2026, approving three key items: (1) Audited financial results for Q4 and FY 2025-26, (2) Re-appointment of M/s Garg Devendra & Associates as Internal Auditor for FY 2026-27, and (3) Investment of BHD 1,20,000 in Mukta A2 Multiplex W.L.L, a subsidiary. Standalone revenue declined to Rs 1,482.13L (vs Rs 2,031.69L last year) with net profit of Rs 559.26L (vs Rs 744.05L), while consolidated revenue grew to Rs 17,390.56L (vs Rs 16,672.36L) but the company remains in loss at Rs 1,180.00L (improved from Rs 1,731.09L loss). The statutory auditors issued a qualified opinion due to uncertainty surrounding the Whistling Woods International Limited (WWIL) joint venture with Maharashtra government entity, where legal disputes over land premises remain sub-judice.
The standalone profit decline and continued consolidated losses may concern investors, while the qualified auditor opinion on the WWIL matter adds risk. The internal auditor reappointment is routine and signals no governance concerns.