Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, we enclosed herewith a copy of Postal Ballot Notice dated 28th May, 2025 along with explanatory statement, remote e-voting instructions, seeking approval of the members of the Company by way of Special Resolution for appointment of Mrs. Madhumati Ramchandra Lele (DIN: 09306316) as a Non-Executive Independent Director of the Company for the period of 5 Years
MUKTAARTS · price
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Awaiting price reaction for this filing.
Mukta Arts Limited has circulated a Postal Ballot Notice dated 28th May 2025 seeking shareholder approval for the appointment of Mrs. Madhumati Ramchandra Lele (DIN: 09306316) as a Non-Executive Independent Director for a 5-year term (28th May 2025 to 27th May 2030). She was initially onboarded as an Additional Director on 28th May 2025 and is now being regularized through this Special Resolution. Mrs. Lele brings 40+ years of senior leadership experience from Reliance Jio, Tata Group, Vodafone, and the Taj and Oberoi hotel chains, and currently serves as President of the Cricket Club of India. Remote e-voting opens on 23rd July 2025 at 9:00 a.m. and closes on 21st August 2025 at 5:00 p.m., with M/s. KDA & Associates appointed as Scrutinizer.
This is a routine governance/board-strengthening move. Adding a seasoned independent director is mildly positive for corporate governance but is unlikely to materially affect the stock price. Shareholders of record as on 11th July 2025 should cast their vote during the e-voting window.