Declaration of Non-Applicability of regulation 23(9) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 for the Period ended March 31, 2025.
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BMB Music & Magnetics Ltd has informed BSE that SEBI's Regulation 23(9), which deals with disclosure of related party transactions, does not apply to the company for the half year ended March 31, 2025. The company qualifies for this exemption because its paid-up equity share capital is around ₹6.06 crore (below the ₹10 crore limit) and its net worth is approximately ₹2.38 crore (below the ₹25 crore limit), as on the last day of FY25. As a result, BMB is not required to file the half-yearly related party transaction disclosures that bigger listed companies must submit. A practicing company secretary has independently certified these capital and net worth figures.
This is a routine compliance filing and not an operational event — it simply confirms the company's small size makes it eligible for lighter disclosure rules. No material impact on shareholders or the stock price is expected.