Universal Arts has accepted the resignation of Razia Bashir Mujawar as its Company Secretary and Compliance Officer, effective from the closing hours of August 10, 2026. The Mumbai-based company disclosed the change in key management personnel to the Bombay Stock Exchange (BSE) on August 11, 2026, citing personal reasons for her departure.

The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III. Universal Arts confirmed that it received explicit confirmation from Mrs. Mujawar that there are no other material reasons for her resignation beyond those provided in her formal resignation letter.

Resignation Details

Razia Bashir Mujawar tendered her resignation on July 11, 2026, serving a mandatory 30-day notice period before her exit became effective on August 10, 2026. In her resignation letter addressed to the Board of Directors, she thanked the board members and colleagues for their support during her tenure.

The company has been requested by the outgoing officer to file the necessary forms with the Registrar of Companies and stock exchanges to give effect to the resignation. The disclosure also references SEBI circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015, regarding the details of such events.

Key Personnel Changes

Manish Girish Shah, Managing Director of Universal Arts Limited (DIN: 00434171), signed the disclosure filed with the BSE Listing Compliance department. The company’s registered office is located at Ganpati Bhavan, Goregaon West, Mumbai.

Universal Arts Limited reported a consolidated net profit of ₹10.10 lakhs for the financial year ended March 31, 2026, a decrease from ₹14.63 lakhs in the prior year. The board of directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.

The company’s standalone net profit for FY26 stood at ₹10.44 lakhs, down from ₹15.68 lakhs in FY25. Total income for the year declined to ₹36.90 lakhs from ₹50.61 lakhs in the standalone financial statements. On a consolidated basis, total income fell to ₹37.16 lakhs from ₹50.96 lakhs year-on-year.

Financial Performance

The statutory auditors, B. L. Dasharda & Associates, issued an audit report with an unmodified opinion on both the standalone and consolidated financial results. The report confirms that the statements provide a true and fair view in conformity with Indian Accounting Standard 34.

Key Standalone Figures (FY26)

Key Consolidated Figures (FY26)

For the quarter ended March 31, 2026, the company reported a standalone net loss of ₹7.59 lakhs and a consolidated net loss of ₹7.52 lakhs. Revenue from operations was negligible for the quarter at ₹0.17 lakhs on a consolidated basis.

Operational Details

The notes to the accounts state that no provision for current and deferred tax was made due to carry forward losses. The company also noted that the implementation of new Labour Codes is not expected to have a significant impact due to an insignificant number of employees.

The consolidated financial results include the share of total comprehensive loss of ₹0.09 lakhs for the quarter and ₹0.34 lakhs for the year from its subsidiary, Bama Infotech Private Limited.