Magenta Lifecare Ltd — Important, 20-12-2025: Company Update
20-12-2025 | 05:55 pm
20-12-2025 | 05:55 pm
Magenta Lifecare Limited has submitted a revised statement regarding the utilization of funds from its public issue. The company clarified there is no deviation in how these funds were used for the half-year reporting period. Out of the 5.98 Cr raised, 4.24 Cr was allocated and utilized for incremental working capital, and 1.74 Cr for general corporate purposes. This update assures investors that the funds from the public issue were deployed as originally planned, confirming adherence to stated objectives.
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