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.”
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