The Exchange had sought clarification from Mukta Arts Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI -2. Financial results submitted in XBRL with discrepancies The response of the Company is enclosed.

Mukta Arts has responded to NSE's clarification queries on its Q4 FY25 audited financial results, which the exchange flagged for two issues: results not being in SEBI-prescribed format and XBRL discrepancies. The company clarified these were inadvertent errors, mainly the word 'unaudited' being used wrongly, and has submitted corrected results. On a standalone basis, FY25 revenue from operations fell to ₹2,031.69 lakhs from ₹2,751.59 lakhs a year ago, with net profit of ₹744.05 lakhs versus ₹1,033.42 lakhs previously. On a consolidated basis, however, the picture is much weaker — FY25 revenue dropped to ₹16,672.36 lakhs from ₹19,454.68 lakhs, and the company slipped into a net loss of ₹1,731.09 lakhs versus a loss of ₹665.90 lakhs in FY24, dragged by losses in the theatrical exhibition and education segments. The auditor issued a qualified opinion due to concerns over recoverability of loans and investments in subsidiary Whistling Woods International (WWIL), whose net worth is fully eroded amid an ongoing Bombay High Court dispute with MFSCDC.