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Deals22 Sept 2026, 09:11 pm

Mukta Arts Ltd Terminates Shareholder and Subscription Agreements

AI Summary

Mukta Arts Ltd announced the termination of the Shareholders Agreement (SHA) and Securities Subscription Agreement (SSA) with Mukta A2 Cinemas Private Limited, Mr. Rajiv Malhotra, and Maverick Media Private Limited. These agreements, initially executed on August 7, 2024, were terminated effective September 22, 2026. The termination stems from unresolvable differences between the parties. The company stated that this termination will not have any material adverse impact on its operations, revenue, or business. Previous disclosures regarding these agreements were made on September 15, 2026, February 14, 2024, February 26, 2024, and August 7, 2024.

Key Highlights

  • Shareholders and Subscription Agreements terminated.
  • Termination effective September 22, 2026.
  • No material adverse impact on company operations.
  • Caused by unresolvable differences between parties.