Intimation Under Regulation 30 of SEBI for Resignation of Statutory Auditor
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Magenta Lifecare Ltd has informed BSE that its statutory auditor, M/s. SSRV & Associates (FRN: 135901W), has resigned with effect from 13th November 2025. The auditor was originally appointed on 28th September 2024 with a term scheduled to expire on 31st March 2028, making this a midterm resignation. The reason cited was pre-occupation with other work and assignments. Importantly, the auditor raised no concerns about the company's management or operations, and the last report submitted was the limited review report for the half year ended 30th September 2025. The resignation has been reviewed by the Audit Committee, and the company has filed the required SEBI disclosures including Annexure A.
This is largely a neutral event since the auditor quit due to its own workload constraints and flagged no governance or financial concerns about the company. However, shareholders should watch for the timely appointment of a new statutory auditor, as any prolonged vacancy could raise governance questions.