Muzali Arts Ltd

AGM Details

• Held on 29 Sep 2026, 2:00 PM IST, via Video Conferencing / OAVM.
• Record date: 22 Sep 2026; remote e-voting window: 25–28 Sep 2026.

Resolutions & outcomes

• Ordinary Resolution 1: Adopt standalone financials and reports; passed 99.725% in favour.
• Ordinary Resolution 2: Reappointment of Mansoorbhai Murtuza; after related-party exclusion, 71.316% in favour.

Related Party Transactions

• Related party votes excluded for Item 2; no material RPTs approved.

AGM Details

• AGM held 29 Sep 2026 at 2:00 PM IST via VC/OAVM; duration 2:01–2:10 PM.

Attendance

• 33 members attended via VC/OAVM (2 promoter group, 31 public).

Voting & Scrutinizer

• NSDL provided remote e-voting; Nuren Lodaya & Associates appointed Scrutinizer.

Shareholder Queries & Next Steps

• No shareholder queries were received.
• Voting results to be declared within two working days and published on websites.

MUZALI ARTS LIMITED - Trading Window Closed from 1 October 2026 until 48 hours after the declaration of the Un-Audited Financial Results for the quarter and half year ended 30 September 2026.

Muzali Arts Limited trading window closes from 1 October 2026 until 48 hours after the declaration of the unaudited financial results for the quarter and half year ended 30 September 2026.

Financial performance

• Total income ₹87.24 lakh in FY2025-26, up from ₹46.32 lakh.
• Profit after tax ₹48.25 lakh; EPS ₹0.08.
• Dividend not recommended for FY2025-26.
• Net cash from operations ₹-39.96 lakh; investing ₹44.59 lakh; financing ₹9.00 lakh.
• Total equity ₹954.25 lakh; debt ₹10.00 lakh.

Capital and liquidity

• Authorised share capital ₹6 crore; issued equity ₹5.916 crore; no change.
• Debt/equity ratio 0.01x; debt ₹10 lakh; equity ₹954.25 lakh.
• Non-current borrowings ₹10 lakh; no current borrowings reported.
• Cash and bank balance ₹37.10 lakh.

Governance and risk

• AGM via VC/OAVM on 29 September 2026 at 2 PM IST.
• Remote e-voting window: 25–28 September 2026.
• J Jalan Jalan Collection Inc. not a subsidiary; no consolidation.
• Listing suspended on BSE since 29 September 2023.
• Independent directors disclosures meet SEBI requirements.
• Committees: Audit; Nomination & Remuneration; Stakeholders Relationship.

Operations and strategy

• Strategy to wind down manufacturing; focus on trading; explore merger.
• Company operates a single trading-focused segment.
• No change in nature of business during the year.
• Outlook: volatility, competition, and environment regulations; pursuing growth via trading.

Related party transactions

• Inter-company loan given ₹0.50 lakh; repayment ₹4.70.
• Interest on intercompany loan ₹0.07.
• Director sitting fees ₹2.55; director remuneration ₹0.75.
• RPT oversight via Audit Committee; omnibus approvals used.

Audit and compliance

• Statutory auditors Bilimoria Mehta & Co.; no qualifications.
• Secretarial auditor Nuren Lodaya & Associates; MR3; no qualifications.
• Internal auditors Bhushan Adhatrao & Co.; no qualifications.
• Accounting software audit trail not fully implemented per MCA guidance.

AGM and general information

• Notice and AGM materials hosted on company website and NSDL/BSE.
• Details and participation via remote e-voting and VC/OAVM.

AGM Details

• AGM date/time/mode: 29 September 2026 at 2:00 PM IST via VC/OAVM.
• Cut-off for voting rights: 22 September 2026.
• Register closure: 23–29 September 2026.
• Remote e-voting period: 25 September 2026 9:00 AM to 28 September 2026 5:00 PM IST.

Key Resolutions

• Ordinary resolution to adopt standalone financial statements for year ended 31 March 2026.
• Ordinary resolution for re-appointment of Mansoorbhai Murtuza (DIN 08965751) retiring by rotation.

Director Details

• Proposed for re-appointment: Mansoorbhai Murtuza (DIN 08965751).
• Remuneration: No past remuneration disclosed.
• Shareholding: 91,93,997 equity shares as of 31 March 2026.
• Tenure: 3 years from 5 April 2024.

Book closure and AGM details

• Book Closure: 23 September 2026 to 29 September 2026 (inclusive) for AGM.
• AGM date and time: 29 September 2026 at 2:00 PM IST via VC/OAVM.
• Record date: 22 September 2026 to determine attendance and voting eligibility.
• Security type: Equity shares.
• Remote e-voting scrutinized by M/s. Nuren Lodaya & Associates.

Meeting Details

• Board meeting on 14 August 2026 at the Registered Office of Muzali Arts, Nagpur.

Key Agenda Items

• Consider and approve unaudited standalone financial results for quarter ended 30th June 2026, with Limited Review Report.
• Any other business with the permission of the Chair.

Other Notes

• Trading window closed from 01 July 2026 until 48 hours after results declaration, both days inclusive.