Muzali Arts Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/11/2023 ,inter alia, to consider and approve in accordance with Indian Accounting Standards Ind AS and for Listing Obligation and Disclosure Requirements, 2015 to continue with the subsidiary or not and prepare or not to prepare the consolidated financial statements as per Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements, 2015).