NSERescission/termination(s)21h ago · 15 Sept 2026, 06:15 pm
Rescission/termination(s)
Mukta Arts Limited · MUKTAARTS
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Mukta Arts Limited has announced the termination of its agreements with Mukta A2 Cinemas Private Limited, Maverick Media Private Limited, and Mr. Rajiv Malhotra due to unresolvable differences between parties.
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Full Announcement
INTIMATION UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
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MUKTAARTS_15092026181530_Intimation_of_termination_Signed.pdf
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15th September, 2026
To, To,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Mumbai – 400001 Bandra (East), Mumbai – 400051
Scrip Code: 532357 - EQ Symbol: MUKTAARTS – EQ
Kind Attn: Corporate Relations Department
Dear Sir/Madam,
SUB: INTIMATION UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND
DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.
In continuation to our disclosure dated 14th February, 2024, 26th February, 2024 and 7th
August, 2024, with regards to the Binding Term Sheet dated 28th February, 2024 and
Shareholders Agreement and Securities Subscription Agreement executed on 7th August,
2024 between the Company, Mukta A2 Cinemas Private Limited (Formerly Mukta A2
Cinemas Limited) a Subsidiary Company (“Mukta A2”), Mr. Rajiv Malhotra and Maverick
Media Private Limited, being proposed Investor in Mukta A2, the parties have mutually
agreed to terminate the said agreements and have accordingly executed Consent Terms
due to the unresolvable differences between parties.
The requisite details, as per the SEBI Listing Regulations and SEBI Master Circular
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 as Annexure – A.
Kindly take the above information on your records.
Yours faithfully,
Yours faithfully,
For Mukta Arts Limited
Rahul Puri
Managing Director
Annexure-A
No Particulars Details
1. Name(s) of parties with whom NA
the agreement is entered.
2. Purpose of entering into the NA
agreement.
3. Shareholding, if any, in entity NA
with whom agreement is
executed.
4. Significant terms of the NA
agreement (in brief) special
rights like right to appoint
directors, first right to
subscription in case of issuance
of shares, right to restrict any
change in capital structure etc.
5. Whether the said parties are NA
related to promoters / promoter
Group/ group companies in any
manner, if yes, nature of
relationship.
6. Whether the transactions would NA
fall within related party
transactions? If yes whether the
same is done at “arms length”.
7. In case of issuance of shares to Not Applicable
the parties details of issue of
price, class of shares issued.
8. Any other disclosures related to NA
such agreements, viz., details of
nominee on the board of
directors of the listed entity,
potential conflict of interest
arising out of such agreements,
etc.
9. In case of termination or
amendment of agreement listed
entity shall disclose additional
details to the stock exchange(s):
name of parties to the agreement Mukta Arts Limited, Mukta A2 Cinemas
Private Limited, Maverick Media Private
Limited and Mr. Rajiv Rameshchandra
Malhotra.
nature of the agreement Termination of the Binding Term Sheet,
Securities Subscription Agreement and
Shareholders Agreement being the
Transaction Documents.
date of execution of the 28th February 2024 (Binding Term Sheet); 7th
agreement August 2024 (Securities Subscription
Agreement and Shareholders Agreement).
details of amendment and impact Due to unresolvable difference between the
thereof or reasons of termination parties to the Transaction Documents and as
and impact thereof per the terms of the Consent Terms dated
15th September 2026, the aforementioned
Transaction Documents are treated as
terminated with effect from Share Transfer
Date. The said termination does not have any
material adverse impact on the operations,
revenue or business of the Company.