Magenta Lifecare Ltd — Important, 01-09-2026: Company Update

Magenta Lifecare's board has announced key governance updates. Mr. Nikhil Mistry was appointed as an Additional Independent Director, while Ms. Nidhi Bansal resigned for personal reasons. The board also proposed M/s. V C A & Associates as the Statutory Auditor for five years, subject to shareholder approval at the upcoming 11th Annual General Meeting on September 28, which will be held virtually. Following these changes, crucial committees like Audit, Nomination & Remuneration, and Stakeholders’ Relationship were reconstituted, reinforcing the company's governance structure.