Universal Arts Limited concluded its 31st Annual General Meeting on September 30, 2026, passing two key ordinary resolutions. The meeting addressed the adoption of FY26 financial statements and the re-appointment of Managing Director Manish Girish Shah.

Voting results indicate a narrow margin for both items. For the adoption of audited standalone and consolidated financial statements, 52.98% of votes polled were in favor, while 47.02% voted against. The resolution was passed as an Ordinary Resolution requiring a simple majority.

Voting breakdown for financial statements

The scrutiny report details the split between remote e-voting and physical poll results. Notably, remote e-voting showed significant opposition, whereas the physical poll was unanimous in favor.

Director re-appointment results

The second resolution concerned the re-appointment of Manish Girish Shah (DIN: 00434171), who retired by rotation. The outcome mirrored the financial statement vote, with a slight variation in the e-voting segment.

What the Numbers Show

A distinct divergence exists between shareholder participation modes. While physical attendees at the venue voted unanimously in favor of both resolutions, remote e-voters overwhelmingly opposed them. For the financial statements, 99.42% of remote votes were against adoption, and for the director's re-appointment, 100.00% of remote votes were against. The final passage relied entirely on the support from shareholders present in person or by proxy, who accounted for 52.73% to 52.98% of the total votes cast.

Universal Arts reported a standalone net profit of ₹11.94 lakh for the quarter ended June 30, 2026, rising 2.2% year-on-year from ₹11.68 lakh in Q1FY25. The Mumbai-based media and entertainment firm continued to report nil revenue from operations, with its financial performance driven exclusively by other income.

The Board of Directors approved the unaudited standalone and consolidated financial results in a meeting held on August 12, 2026. The results were submitted to the BSE and NSE on August 13, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Total income for the quarter stood at ₹17.17 lakh, comprising entirely of other income, as revenue from operations remained at zero. This compares to total income of ₹16.62 lakh in the corresponding quarter of FY25.

Expenses for the quarter totaled ₹5.23 lakh, up from ₹4.94 lakh in Q1FY25. Employee benefits expense rose slightly to ₹2.82 lakh from ₹2.56 lakh, while other expenses increased marginally to ₹2.37 lakh from ₹2.35 lakh. Depreciation and amortization remained stable at ₹0.03 lakh.

Consolidated Results

On a consolidated basis, which includes subsidiary Bama Infotech Private Limited, Universal Arts reported a net profit of ₹11.86 lakh for the quarter, compared to ₹11.62 lakh in Q1FY25. Consolidated revenue from operations was negligible at nil, while other income mirrored the standalone figures at ₹17.17 lakh.

What the Numbers Show

The company’s profitability is entirely dependent on non-operating income. With zero revenue from operations, the ₹11.94 lakh net profit represents a direct pass-through of other income after minimal operating expenses. This structure indicates that core business activities generated no top-line growth during the period, and earnings are sustained by external financial inflows rather than operational sales.

Auditor Review

B. L. Dasharda & Associates, the statutory auditors, issued a limited review report on the quarterly unaudited financial results. The auditors stated that nothing came to their attention to cause them to believe that the statements do not disclose the information required under SEBI LODR regulations or contain any material misstatement.

No provision for current or deferred tax was made due to carry forward losses, as noted in the financial statements.