Muzali Arts Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹48.25 lakh compared to a net loss of ₹293.72 lakh in the previous year. The turnaround was driven by a significant reduction in total expenses, which fell to ₹36.95 lakh from ₹327.99 lakh in FY25, alongside a total income of ₹87.24 lakh. The company's Board of Directors approved the audited standalone financial results and financial statements for the year at a meeting held on May 29, 2026.

The statutory auditors, M/s Bilimoria Mehta & Co., issued an unmodified opinion on the standalone financial results, confirming compliance with Indian Accounting Standards (Ind AS) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit report highlighted that the financial results present a true and fair view of the company's financial performance. The filing was signed by Mr. Murtuza Mansoorbhai, Managing Director, and submitted to the Bombay Stock Exchange.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net profit of ₹23.80 lakh on a total income of ₹56.75 lakh. Revenue from operations for the year stood at ₹45.87 lakh, while other income contributed ₹41.37 lakh. The company recorded a basic earnings per share (EPS) of ₹0.08 for FY26, recovering from a negative EPS of ₹(0.50) in the prior year.

Operational and Governance Updates

The Board approved the re-appointment of Mr. Bhushan Adhatrao, Chartered Accountant, as the Internal Auditor of the company for the financial year 2026-2027 pursuant to Section 138 of the Companies Act, 2013. The appointment is effective from May 27, 2026. Additionally, the auditors noted that the company has derecognized its investment in Jalan & Jalan Collection Inc., classifying it under Ind AS 109 as a financial instrument at fair value, which was recorded at zero due to a negative valuation. The subsidiary has had no active operations since October 2022.

Muzali Arts Limited has notified the Bombay Stock Exchange of a forthcoming Board of Directors meeting, scheduled for Friday, May 29, 2026, at the company's registered office in Nagpur. The intimation, dated May 18, 2026, has been filed pursuant to Regulation 29 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting has been convened to consider and approve key financial matters pertaining to the financial year ended March 31, 2026. The following agenda items are scheduled for deliberation:

Trading Window Closure

In connection with the upcoming board meeting, the company has also reiterated its Trading Window closure policy. With reference to an earlier intimation dated March 31, 2026, the Trading Window for dealing in the securities of Muzali Arts Limited shall remain closed for the following categories of individuals:

• Promoters
• Directors
• Key Managerial Personnel
• Designated Persons
• Immediate relatives of the above

The Trading Window will remain closed until the expiry of 48 hours after the declaration of the aforesaid financial results.

Company Details

The intimation was signed by Mr. Mansoorbhai Murtuza (DIN: 08965751), Director, from Nagpur. Key details of the company are as follows:

The intimation has also been made available on the company's official website. Stakeholders have been requested to take the information on record.