Postal ballot for material related party deal with subsidiary Mukta A2 Cinemas
MUKTAARTS · price
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On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 2.3 pts more than its Film Production Distribution & Exhibition peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mukta Arts seeks shareholder approval via postal ballot for material related party transactions with its 70 percent subsidiary Mukta A2 Cinemas, totaling Rs 107.69 crore for FY27. Key item is conversion of Rs 100.15 crore unsecured loan given to Mukta A2 into Compulsorily Convertible Preference Shares. E-voting runs Oct 19 to Nov 17, 2026.
Loan gets converted to CCPS at subsidiary level, strengthening Mukta A2 whose net worth was negative Rs 105.9 crore; interested directors cannot vote.