Management Change1 Sept 2026, 03:32 pm
Magenta Lifecare: Independent Director Resigns, New Director Appointed
AI Summary
Magenta Lifecare Ltd announced a board meeting held on September 1, 2026, where the resignation of Ms. Nidhi Bansal as Non-executive and Independent Director was accepted, effective end of business hours on the same day. The company also appointed Mr. Nikhil Bharatbhai Mistry as an Additional Non-executive and Independent Director. The board also recommended the appointment of M/s. V C A & Associates as Statutory Auditors for five years and approved the notice for the 11th Annual General Meeting, scheduled for September 28, 2026. Committees including Audit, Nomination and Remuneration, and Stakeholders' Relationship were reconstituted.
Key Highlights
- Ms. Nidhi Bansal resigned as Independent Director.
- Mr. Nikhil Bharatbhai Mistry appointed as Additional Independent Director.
- New Statutory Auditors recommended for a five-year term.
- 11th Annual General Meeting scheduled for September 28, 2026.
- Board committees reconstituted with new members.
Price Impact
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