Auditor1 Sept 2026, 03:27 pm
Magenta Lifecare Appoints V C A & Associates as Statutory Auditor
AI Summary
Magenta Lifecare Ltd announced board meeting outcomes including the appointment of Mr. Nikhil Bharatbhai Mistry as an Additional Non-executive and Independent Director and the resignation of Ms. Nidhi Bansal. The board also approved, subject to shareholder approval, the appointment of M/s. V C A & Associates as Statutory Auditor for a five-year term from FY 2026-27 to FY 2030-31. The company also approved the notice for its 11th AGM, scheduled for September 28, 2026, and reconstituted its Audit, Nomination and Remuneration, and Stakeholders' Relationship Committees.
Key Highlights
- V C A & Associates appointed as Statutory Auditor for 5 years.
- Mr. Nikhil Bharatbhai Mistry appointed as Additional Non-executive Independent Director.
- Ms. Nidhi Bansal resigned as Non-executive Independent Director.
- 11th AGM scheduled for September 28, 2026.
- Board committees reconstituted.
Price Impact
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