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| Exchange Disseminated Time 10/11/2016 19:34:33 | | Mukta Arts Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 10, 2016, inter alia, have approved the agenda item pertaining to the hiving off cinemas business to the proposed wholly owned subsidiary of the Company and therefore the outcome of the discussion pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular dated September 09, 2015. Also the Board has approved the notice of postal ballot for the approval of the shareholders regarding the above said business. |
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