BMB Music & Magnetics Ltd has appointed Koshal Gupta as its Company Secretary and Compliance Officer, effective July 10, 2026. The Board of Directors approved the appointment based on the recommendations of the Nomination and Remuneration Committee to fill the vacancy caused by the resignation of Mr. Prateek Bhansali. Mr. Gupta is an Associate Member of the Institute of Company Secretaries of India (ACS 19573) and brings experience in legal and secretarial matters. He has affirmed that he is not debarred from holding the position by any order of SEBI or other authorities.

Mr. Prateek Bhansali resigned as Company Secretary and Compliance Officer with effect from the close of business hours on July 10, 2026. In his resignation letter, Mr. Bhansali stated that he is leaving to pursue career opportunities outside the organization and confirmed there are no other material reasons for his departure. The company disclosed these changes to BSE Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Key Personnel Changes

The following table summarizes the changes in the company's key managerial personnel:

The Board meeting commenced at 4.00 pm and concluded at 5.15 pm on July 10, 2026.

BMB Music & Magnetics reported a net profit of ₹15.50 lakh for the financial year ended March 31, 2026, a decline from ₹126.88 lakh in the previous year, alongside a major restructuring of its board and leadership. The company's revenue from operations for FY26 stood at ₹184.00 lakh, down from ₹255.00 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a loss of ₹16.29 lakh compared to a profit of ₹108.15 lakh in the corresponding quarter of the previous year.

The board approved the audited standalone financial results for the quarter and year ended March 31, 2026, following a review by the Audit Committee. Vinod Singhal & Co. LLP, the Statutory Auditor, issued an audit report with an unmodified opinion on the results. The total income for the year decreased to ₹184.62 lakh from ₹288.43 lakh in the prior year.

In a significant leadership transition, the board accepted the resignation of Mr. KC Bokadia as Managing Director, effective May 29, 2026. Consequently, the board appointed Mr. Pramod Bokadia as Additional Director (Executive Non-Independent Category) and subsequently as Chairman & Managing Director for a period of five years effective from May 29, 2026, subject to shareholder approval. Mr. KC Bokadia was appointed as Chairman Emeritus in an honorary and advisory capacity effective May 30, 2026.

The board also accepted the resignation of Mr. Deepak Arora as Independent Director effective May 29, 2026, due to professional commitments. To fill the vacancy, the board appointed Mr. Amit Sajjan Kumar Gupta as an Additional Director in the Independent category for a term of five consecutive years effective May 29, 2026, subject to shareholder approval.

Following these changes, the board reconstituted its key committees, including the Audit, Nomination & Remuneration, Stakeholders Relationship, and Independent Directors' Committees. Mr. Amit Sajjan Kumar Gupta was appointed Chairman of the Audit and Nomination & Remuneration Committees.

Financial Performance for FY26