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

Magenta Lifecare's Board held a meeting addressing key governance matters. Mr. Nikhil Bharatbhai Mistry was appointed as an Additional Non-executive and Independent Director, while Ms. Nidhi Bansal resigned from her Independent Director position. The Board proposed, subject to shareholder approval, the appointment of M/s. V C A & Associates as the new Statutory Auditor for five years. The 11th Annual General Meeting (AGM) will be held on September 28, 2026, via virtual means. The company also reconstituted its Audit, Nomination and Remuneration, and Stakeholders' Relationship Committees to reflect these changes.