BMB Music & Magnetics Ltd Approves Board Report, Appoints New Internal Auditors
BMB Music & Magnetics Limited finalized several corporate matters following its Board of Directors meeting held on July 24, 2026. The company approved the Draft Board's Report for the Financial Year ended March 31, 2026, and announced key dates related to its upcoming Annual General Meeting (AGM).The Board meeting also sanctioned the convening of the AGM, scheduled for Monday, August 24, 2026. The meeting will be conducted through video conferencing or other audio-visual means (OAVM), accompanied by the approval of the draft notice of the AGM.
Key Appointments and Administrative Decisions
A major decision ratified during the board meeting was the appointment of M/s A J M K & Associates, Chartered Accountants, as the Internal Auditors of the company. The appointment is for a tenure of five consecutive financial years, running from FY 2026-27 to FY 2030-31.The company also approved the appointment of Mr. Tara Chand Sharma, a Practicing Company Secretary based in Jaipur, to serve as the Scrutinizer, responsible for overseeing the electronic voting process.
The internal audit firm, M/s A J M K & Associates (FRN: 019318C), was noted to be professionally managed and committed to delivering objective services across various domains including internal audit, statutory audit, and risk management. The company affirmed that the relationship between the appointed auditor and any Director or Key Managerial Personnel is not applicable as it is an independent firm.
In addition to appointments, the Board approved the closure of the Register of Members and Share Transfer Books from August 18, 2026, to August 24, 2026, in preparation for the AGM.
E-Voting and Audit Details
The company appointed M/s CDSL India Limited to manage remote e-voting during the Annual General Meeting. The remote e-voting period is set to commence on Friday, August 21, 2026 (at 09:00 AM IST) and conclude on Sunday, August 23, 2026 (at 05:00 PM IST). The cut-off date for this process has been fixed as Monday, August 17, 2026.The board also took note of the Secretarial Audit Report issued by M/s Siddharth Sharma & Associates, Company Secretaries based in Mumbai, concerning the Financial Year 2025-2026.
Details regarding the appointment of Internal Auditors are provided below:
| Aspect | Details |
|---|---|
| Firm Name | M/s A J M K & Associates, Chartered Accountants |
| Firm Registration No. | 019318C |
| Term of Appointment | Five financial years (FY 2026-27 to FY 2030-31) |
| Profile Highlights | The firm provides services including internal audit, statutory audit, taxation, GST compliance, and business advisory. |
Stock Price Movement
BMB Music & Magnetics Ltd concluded trading on Friday, settling at ₹6.75, which marked a 4.93% decline for the shares today. The equity traded throughout the session, finding its low at ₹6.75 and reaching an intraday high of ₹7.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.