Muzali Arts Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/01/2021 ,inter alia, to consider and approve 'RESOLVED THAT pursuant to provisions of section 179(3) of the Companies Act, 2013 read with rules thereunder including any statutory modifications or re-enactment thereof and subject to the provisions of the Articles of Association of the Company, consent of the Board of Directors be and is hereby accorded to acquire additional 800 shares ( maintaining 80% holding) of Jalan Jalan Collection Inc, having registered office situated at 3600 NE, 2nd Avenue - Miami, Florida, at par value of USD 125 per Share for a total consideration of USD 100000. RESOLVED FURTHER THAT, any of the Director of the company be and is hereby authorizes to file necessary forms to the registrar of Companies, Mumbai and to do all other acts, deeds and things whatever required hereunder on behalf of the Board.'