Magenta Lifecare Ltd

AGM details

• Date: September 2026; mode: VC/OAVM.
• Record date disclosed for voting entitlement.
• Total shareholders on record date disclosed.

Resolutions

• Resolution 1, Ordinary: Adopt audited financial statements and board reports.
• Resolution 2, Ordinary: Re-appointment of director by rotation.
• Resolution 3, Ordinary: Appointment of statutory auditors.
• Resolution 4, Special: Regularisation of executive and independent director appointments.

Voting results

• All four resolutions passed; ordinary resolutions with strong support.
• Special resolution passed; minimal opposing votes.

Directors & auditors

• Director changes include rotation-based re-appointment and regularisation of executive and independent directors.
• Statutory auditors appointed.

Dividend

• Dividend details not disclosed.

Related party transactions

• No material related party transactions disclosed.

Other material approvals

• No ESOPs or other material approvals noted.

AGM details

• AGM held 28 Sep 2026 at 5:07 PM via VC/OAVM.
• Deemed venue: Registered Office.
• Notice date: 1 September 2026.
• E-voting cut-off: 21 September 2026.
• Remote e-voting window: 25 Sep 2026, 9:00 AM to 27 Sep 2026, 5:00 PM.
• Remote e-voting unblocked after AGM: 28 Sep 2026.
• Scrutinizer: Gaurav Bachani & Associates, Company Secretaries.

Resolutions to be voted

• Resolutions 1–4 as per AGM Notice.

Voting & scrutiny process

• Scrutinizer's report prepared under Regulation 44(3) of LODR.
• Voting data from NSDL e-voting platform; remote voting scrutinized on test-check basis.
• Unblocked remote votes on 28 Sep 2026 after AGM.

Magenta Lifecare Ltd — Trading Window Closure from 1 October 2026 till expiry of 48 hours after the declaration and publication of Unaudited Financial Results for the Half Year ended 30 September 2026

AGM Details

• AGM held 28 Sept 2026, 05:07–05:12 PM, via VC/OAVM.
• Quorum confirmed by Chairman.

Resolutions and outcomes

• Ordinary: Receive and adopt Audited Financial Statements for year ended 31 March 2026, including P&L.
• Ordinary: Appoint director in place of Ms. Khyati Modi, retiring by rotation.
• Ordinary: Appoint M/s. V C A and Associates as Statutory Auditor.
• Special: Regularization of appointment of Mr. Nikhil Bharatbhai Mistry as Non-Executive and Independent Director.
• E-voting results to be announced within two working days.

Book closure and notices

• Book closure from 21 September 2026 to 28 September 2026 (inclusive) for AGM.
• Purpose: Annual General Meeting.
• Cut-off for sending notice: 28 August 2026.
• Cut-off for E-Voting eligibility: 21 September 2026.
• The security type is equity shares.

Financial performance

• Total income rose to ₹1,522.55 L, up 41.4% YoY.
• Revenue from operations ₹1,442.36 L; other income ₹80.19 L.
• PAT ₹11.35 L; EPS ₹0.17.
• EBITDA margin 7.50%, up 217 bps YoY.
• Net worth ₹1,319.29 L; book value per share ₹19.20.
• Debt-Equity 0.40x; borrowings ₹529.13 L.
• Current ratio 1.99x; cash flow from operations ₹113.06 L.
• CWIP ₹183.36 L for Vadodara facility.
• Largest post-year order: 6,000 mattresses for Reliance Dahej.
• Dividend not declared for FY2025-26.
• Paid-up capital ₹686.99 L; authorised ₹700 L.
• Closing cash ₹93.00 L.

Operational developments

• Launched Magenta GOLD premium high‑resilience foam mattress.
• India distribution network: 220+ dealers, 11 distributors, 5 exclusive galleries across 13 states.
• One-segment business: Household furnishings; no segment reporting required.
• Management aims to expand product portfolio and manufacturing capabilities.

Capital structure & liquidity

• Authorised capital ₹7.00 Cr; paid‑up ₹6.8699 Cr.
• Short‑term borrowings ₹339.48 L; long‑term borrowings ₹189.65 L.
• Trade payables ₹460.96 L; other current liabilities ₹72.38 L; short‑term provisions ₹18.69 L.
• Total assets ₹2,408.29 L; shareholders’ funds ₹1,319.29 L.

Governance & leadership

• Statutory auditor changed to VCA & Associates in Nov 2025.
• Khyati Modi reappointed; independent director confirmation on independence.
• Nikhil Bharatbhai Mistry appointed Independent Director from 1 Sep 2026 for five years.
• Board meetings held: six during the year.
• Secretarial auditor: Gaurav Bachani & Associates; Internal auditor: MJM Patel & Co.

Audit, controls & compliance

• Independent Auditor's report: unmodified; notes indicate change in asset lives (Notes 9 & 10).
• Internal financial controls are adequate and operating effectively as of 31 Mar 2026.
• Secretarial audit (MR-3) annexed; no adverse observations reported.

Risks & outlook

• Risks: raw material price volatility, competition, logistics, and supply chain disruptions.
• Outlook: growth from premium products, portfolio expansion, and efficiency improvements.

Director changes

• Appointment: Nikhil Bharatbhai Mistry as Additional Non-exec and Independent Director, effective 1 September 2026.
• Resignation: Nidhi Bansal from Non-executive and Independent Director, effective 1 September 2026, due to personal reasons.

Dematerialisation processing and listing

• Dematerialisation requests received during the period were confirmed to the depositories.
• Securities dematerialised were listed on the stock exchange.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name updated as registered owner.