In pursuance of Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions, we hereby inform ....

MUZALI ARTS LIMITED Registered Office: Plot No. 3 B-44 Near Manav Mandir Katol Road Yerla Nagpur - 441501. Phone: +91 8446581165 E-mail ID: office@muzaliarts.com Website: www.muzaliarts.com CIN: L20100MH1995PLC322040 Date: 14th August 2026 The Department of Corporate Services, Bombay Stock Exchange Limited, 14th Floor, P.J. Towers, Dalal Street, Mumbai 400001. BSE Scrip Code: 539410 Dear Sir / Madam, Subject: Outcome of Board Meeting – Un-Audited Financial Results. Respected Sir / Madam, In pursuance of Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions, we hereby inform you that the meeting of the Board of Directors of the Company was held today, i.e., 14th August 2026, at the Registered Office of the Company, wherein, inter alia, the following items were considered and approved: 1. Un-Audited Standalone Financial Results of the Company for the quarter ended 30th June 2026. 2. Standalone Limited Review Report issued by the Statutory Auditors of the Company for the quarter ended 30th June 2026. Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations we hereby declare that the Statutory Auditor of the Company, have issued the Review Report with an unmodified opinion on the above Financial Results The Board Meeting commenced at 7 PM and concluded at 9 PM. This if for your information and records. For Muzali Arts Limited Mr. Mansoorbhai Murtuza DIN: 08965751 Director Place: Nagpur Independent Auditor's Review Report on the Quarterly Unaudited Financial Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended The Board of Directors of Muzali Arts Limited 1. We have reviewed the accompanying statement of unaudited financial results ('the Statement') of Muzali Arts Limited ('the Company') for the quarter ended June 30, 2026 attached herewith being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. 2. The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act') and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. Attention is hereby drawn to Note 5 of the financial statements, which pertains to the derecognized investment in Jalan & Jalan Collection Inc., stating that the company has had no active operations since October 2022. For Bilimoria Mehta & Co Chartered Accountants FRN: 101490W Aakash Mehta Partner Membership no. 165824 UDIN: 26165824EFUMBP2418 Place of Signature: Mumbai Date: August 14, 2026 Muzali Arts Limited Standalone Statement Of Unaudited Results For Quarter Ended June 30, 2026 (All amounts in Indian Rupees Lakhs, except as otherwise stated) Quarter Ended Quarter Ended 31st Quarter Ended Year Ended 31st Particulars 30th June 2026 March 2026 30th June 2025 March 2026 Unaudited Audited Unaudited Audited Income I. Revenue from operations - 45.87 - 45.87 II. Other Income 9.86 10.89 10.36 41.37 III. Total Income =(I + II) 9 .86 5 6.75 1 0.36 8 7.24 IV.Expenses: (a) Changes in inventories of finished goods, work-in-progress and Stock-in-Trade - - - - (b) Employee benefit expense 2.37 2.35 0.39 4.51 (c) Depreciation and amortization expense - - - - (d) Other expenses 5.25 20.70 2.61 32.44 V. Total Expenses 7.62 23.05 3.00 36.95 VI. Profit/(Loss) before tax (III - V) 2 .24 3 3.70 7 .36 5 0.29 Tax expense: (1) Current tax 2.56 5.93 2 .62 1 0.11 (2) Deferred Tax Liabilities/Asset - 3.97 - 3 .97 (3) Prior period tax expense - - - ( 12.04) VII. Total Tax Expense 2 .56 9 .90 2 .62 2 .04 VIII. Profit/(Loss) for the period (VI-VII) ( 0.32) 2 3.80 4 .75 4 8.25 XI. Earning per equity share Equity shares of par value Rs 5/- each (a) Basic ( 0.00) 0 .04 0 .01 0 .08 (b) Diluted ( 0.00) 0 .04 0 .01 0 .08 Notes 1. The above financials results of the company have been prepared accordance with the Indian Accounting Standards ("Ind AS") as prescribed under section 133 of the companies Act, 2013 read with the companies (Indian Accounting Standards) Rules, 2015, as amended. 2. The company is primarily engaged in one business segment in accordance with the requirement of Indian Accounting Standards (Ind As) 108: Operating Segment. Accordingly, no separate segment information has been provided. 3. The unaudited financial results of the Company for the quarter ended June 30, 2026 have been reviewed by the Audit committee on August 14, 2026 and thereafter Board of directors at their meeting held on August 14, 2026. 4.The figures for the quarter ended 31st March, 2026 are the balancing figures between the audited figures in respect of the full financial year and the unaudited published figures up to nine months of the relevant financial year. 5. Company had purchased 80% stake in Jalan & Jalan Collection Inc during FY 2020-21. During FY 2022-23, dispute arose between Company & minority shareholder & company filed a case against the minority shareholder alleging misfeasance, misrepresentation & misappropriation at District Company has been trying relentlessly to obtain sufficient data from Subsidiary in order to facilitate Consolidation of financials for reporting purposes. However, due to unavailability of subsidiary financial data, the company has not been able to present consolidated financial statements since June' 21 quarter.It is also be noted company has no active operation since October 2022. Company has during current year again made an assessment of its Control and power over subsidiary as per Ind AS 110 & management has determined that the company does not possess significant control [Showing first 8,000 characters — download PDF for full document]