Meeting Details

The 44th Annual General Meeting of Mukta Arts Limited was held on Tuesday, 22nd September, 2026 at 4:00 p.m. (IST) through Video Conferencing / Other Audio-Visual Means. The meeting was conducted in accordance with circulars issued by the Ministry of Corporate Affairs (MCA), Securities and Exchange Board of India (SEBI) and the Companies Act, 2013.

The meeting concluded at 5:19 p.m. (including 15 minutes provided for e-voting).

Attendance

Directors and Key Managerial Personnel:

  • Mr. Parvez Farooqui - Non-Executive Director and Chairman of Corporate Social Responsibility Committee and Stakeholders Relationship Committee
  • Mr. Rajendra Doshi - Non-Executive, Independent Director
  • Ms. Madhumati Lele - Non-Executive, Independent Director
  • Mr. Chandrashekhar Rentala - Non-Executive, Independent Director
  • Mr. Jabir Contractor - Chief Financial Officer
  • Ms. Pratiksha Panchal - Company Secretary and Compliance Officer

Other Representatives:

  • Mr. Ravi Gupta - Advisor
  • Ms. Mamta Kholiya - Representative from M/s. GAMS & Associates LLP, Statutory Auditors
  • Mr. Ritesh Rajput - Partner of M/s KDA & Associates, Secretarial Auditor

Proceedings Summary

Mr. Subhash Ghai, Chairman of the Company, welcomed the members and declared the meeting in order after confirming the requisite quorum was present. Ms. Pratiksha Panchal, Company Secretary, was requested to conduct the proceedings.

The Notice convening the 44th AGM for the financial year ended 31st March, 2026 was taken as read since it had already been circulated to members.

Members were informed that pursuant to Section 145 of the Companies Act, 2013, the Statutory Auditor's Reports on the standalone and consolidated financial statements for FY ended 31st March, 2026 were not required to be read as they contained no qualifications, observations, or comments on financial transactions that would have any adverse effect on the company's functioning.

Voting Process

Pursuant to Section 108 of the Act read with Rule 20 of the Companies (Management and Administration) Rules, 2015 and Regulation 44 of SEBI Listing Regulations, the company provided:

  • Remote e-voting facility open from Friday, 18th September, 2026 at 9:00 a.m. (IST) to Monday, 21st September, 2026 at 5:00 p.m. (IST)
  • Facility for e-voting during the AGM for members who could not cast votes through remote e-voting

M/s. KDA & Associates, Practicing Company Secretaries, were appointed as Scrutinizer to ensure fair and transparent voting process.

Resolutions Considered

Ordinary Business:

1. To receive, consider and adopt the Annual Audited (Standalone and Consolidated) Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Reports of the Board of Directors and the Auditors thereon (Ordinary Resolution)

2. To appoint Mr. Parvez Farooqui (DIN: 00019853), who retires by rotation as a Director and being eligible, offers himself for re-appointment (Ordinary Resolution)

Special Business:

3. To approve Sale/Divestment/Dilution/Disposal of the Company's investments in material subsidiary (Special Resolution)

Management Presentations

  • Mr. Rahul Puri, Managing Director of the Company, presented the gist about the company's performance and progress
  • Mr. Subhash Ghai, Chairman, addressed the members

Member Interaction

Members who had registered as speakers and were available at the AGM raised queries, gave suggestions, and sought clarifications. These were responded to by Mr. Ravi Gupta, Advisor.

Meeting Outcome

All resolutions set forth in the 44th AGM notice are deemed to be passed on 22nd September, 2026, subject to receipt of requisite majority.

The consolidated results of remote e-voting and e-voting during the meeting were to be announced to the Stock Exchanges and placed on the company's website (www.muktaarts.com) as well as on the website of National Securities Depository Limited (www.evoting@nsdl.com).