Magenta Lifecare Ltd — Important, 20-12-2025: Company Update

Magenta Lifecare has confirmed no deviation in the utilization of funds raised from its Initial Public Offer (IPO). The company raised Rs 5.98 crore via public issue on June 10, 2024. For the half-year ending September 30, 2025, the entire Rs 4.24 crore allocated for incremental working capital and Rs 1.74 crore for general corporate purposes have been fully utilized as planned. This update assures investors that IPO proceeds were deployed according to the stated objectives, reflecting prudent financial management and transparency.