Announcement under Regulation 30 (LODR)- Appointment of Statutory Auditor
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Awaiting price reaction for this filing.
Magenta Lifecare Ltd's Board has approved the appointment of M/s. V C A & Associates, Chartered Accountants (FRN: 114414W), Vadodara, as the new Statutory Auditor. The appointment is to fill a casual vacancy created by the resignation of the previous auditor. The new auditor's term covers FY 2025-26 to FY 2029-30, subject to shareholder approval at the next general meeting. The firm, founded in 1994, holds a valid ICAI peer review certificate and has offices across Gujarat, Pune, and Mumbai.
The change indicates the previous auditor resigned mid-term, which may raise minor governance concerns among shareholders, though the replacement is an experienced peer-reviewed firm. The stock is unlikely to react significantly pending member approval at the upcoming general meeting.