Universal Arts Limited held its Board of Directors meeting on August 12, 2026, which commenced at 4:50 PM and concluded at 6:15 PM. The meeting addressed several key agenda items:
Management Changes
The Board noted the resignation of Mrs. Razia Bashir Mujawar as Company Secretary and Compliance Officer effective August 10, 2026. Mr. Jay Soley (Membership Number: A80732) was appointed as the new Company Secretary and Compliance Officer.
Financial Results Approval
The Board reviewed and approved the Un-audited Financial Results for the quarter ended June 30, 2026. The Audit Committee reviewed the results, and the Statutory Auditor issued a Limited Review Report. Both standalone and consolidated financial results were presented.
Standalone Financial Results (Rs. in lakhs)
- Total Income: ₹17.17 (Q1 FY27) vs ₹2.87 (Q4 FY26) vs ₹16.62 (Q1 FY26)
- Employee Benefits Expense: ₹2.82 (Q1 FY27) vs ₹2.66 (Q4 FY26) vs ₹2.56 (Q1 FY26)
- Depreciation: ₹0.03 (Q1 FY27) vs ₹0.03 (Q4 FY26) vs -₹70.03 (Q1 FY26) [Note: Negative depreciation appears to be data entry error]
- Other Expenses: ₹2.37 (Q1 FY27) vs ₹2.61 (Q4 FY26) vs ₹2.35 (Q1 FY26)
- Total Expenses: ₹5.23 (Q1 FY27) vs ₹5.30 (Q4 FY26) vs ₹4.94 (Q1 FY26)
- Profit Before Tax: ₹11.94 (Q1 FY27) vs -₹2.43 (Q4 FY26) vs ₹11.68 (Q1 FY26)
- Net Profit: ₹11.94 (Q1 FY27) vs -₹7.59 (Q4 FY26) vs ₹11.68 (Q1 FY26)
- EPS: ₹0.12 (Basic and Diluted) (Q1 FY27) vs -₹0.08 (Q4 FY26) vs ₹0.12 (Q1 FY26)
- Equity Share Capital: ₹996.99 lakhs (unchanged across all periods)
Consolidated Financial Results (Rs. in lakhs)
- Total Comprehensive Income: ₹12.79 (Q1 FY27) vs -₹7.68 (Q4 FY26) vs ₹11.89 (Q1 FY26)
- EPS: ₹0.13 (Basic and Diluted) (Q1 FY27) vs -₹0.08 (Q4 FY26) vs ₹0.12 (Q1 FY26)
- Includes results from 100% subsidiary Bama Infotech Private Limited, which contributed ₹0.84 lakhs profit for Q1 FY27
Auditor Appointments
M/s. Girish Murarka & Co was appointed as Secretarial Auditor for conducting secretarial audit for financial year 2026-27 as per Companies Act, 2013 provisions.
Annual General Meeting
The Board decided to convene the 31st Annual General Meeting on Wednesday, September 30, 2026. The company will provide e-voting facility for resolutions set out in the notice. Members holding shares in physical or electronic form on the cutoff date of Wednesday, September 23, 2026 will be eligible for e-voting. The remote e-voting period will commence on Sunday, September 27, 2026 (9:00 AM IST) and end on Tuesday, September 29, 2026 (5:00 PM IST).
Scrutinizer Appointment
Mr. Girish Murarka, practicing Company Secretary (COP 4567), Proprietor of GIRISH MURARKA & CO, was appointed as Scrutinizer for physical and remote e-voting.
Internal Audit
An internal team has been constituted as Internal Auditor of the Company for conducting the audit for the financial year 2026-27.
Financial Notes
- The financial results were prepared in accordance with Indian Accounting Standards (Ind AS 34)
- The company operates in only one segment, so segment-wise reporting is not applicable
- No provision for current and deferred tax has been made due to carry forward losses
- Previous period/year figures have been regrouped/reworked/rearranged for comparability
- Q4 FY26 figures are balancing figures between audited full year and reviewed year-to-date figures