Rahul Puri has stepped in as MD for Mukta Arts Ltd

Mukta Arts Ltd. has appointed its Executive Director, Rahul Puri as the new MD for the company. Subhash Ghai shall work in the power of Chairman of the media and Entertainment Company. The company has welcomed this transformation as a way to introduce constructive innovations and a positive sign of things to come.

Also in a filing to the BSE, the board of the company decided to conform with the provisions of Section 203 of the Companies Act, 2013 as per which an individual cannot be Chairman and MD of the company at the same time. Mukta Arts has taken this as a practical stride under its wings. Thus the decision was made.

The BSE-listed Mukta Arts is largely into movie production and distribution business and now have entered the movie exhibition business with Mukta A2 Cinemas.

Subhash Ghai on Rahul Puri on taking charge as Managing Director of Mukta Arts Ltd. “After working for 30 years as Managing director of Mukta Arts I feel pleased today that the responsible chair of managing director of Mukta Arts Ltd has been entrusted to Mr Rahul Puri by board of directors in our last board meeting. I share this collective decision proudly since like others, I am aware of capacity and capability of Mr Rahul Puri who has been working with Mukta Arts for years as a Director. Rahul Puri is a man of great integrity, quality and responsibility and possesses a complete knowledge of this business in terms of art, commerce and finance. Especially being a finance man himself he will take the company to the newer heights, I am sure. I convey my best wishes to him for every success in Mukta Arts Ltd with a great future ahead.”