Magenta lifecare Limited has announced the resignation of its Company Secretary and Compliance Officer, Ms. Hardika Ladha, effective from the close of business hours on April 8, 2026. The company informed BSE Limited about this key personnel change in compliance with regulatory requirements.

Resignation Details

Ms. Hardika Ladha tendered her resignation from the position citing personal reasons. The company has confirmed that there are no material reasons for her departure other than those stated in her resignation letter. The resignation becomes effective from April 8, 2026.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under the regulation, including information mandated by SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Company Information

Magenta Lifecare Limited, formerly known as Magenta Lifecare Private Limited, is engaged in the mattress and pillow business. The company is headquartered at N. P. Patel Estate A & T Padamla, Dist. Vadodara, Gujarat. The company markets itself as India's first mattress manufacturer using CertiPUR-US certified foam.

Resignation Letter

In her resignation letter addressed to the Board of Directors, Ms. Ladha expressed gratitude to the Board of Directors, senior management, and colleagues for their trust, cooperation, and support during her tenure. She requested acknowledgment of her resignation and for it to be taken on record by the company.

The resignation notification was signed by Managing Director Divyesh Vipinchandra Modi and communicated to BSE Limited for their records.

Magenta Lifecare Limited has responded to BSE Limited's inquiry regarding significant movement in its stock price, stating that the volatility is purely market-driven with no underlying price-sensitive information. The clarification was submitted on March 10, 2026, in response to BSE's letter dated March 9, 2026.

Company's Official Response

In its formal communication to BSE, Magenta Lifecare clarified that it possesses no price-sensitive or material information that could have resulted in the significant movement of its stock price. The company emphasized its commitment to regulatory compliance and transparency in market communications.

Regulatory Compliance Status

The company confirmed its adherence to regulatory requirements under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Managing Director Divyesh Vipinchandra Modi stated that all necessary disclosures have been made within the stipulated timeframes as per applicable regulations.

Key compliance highlights include:

• All disclosures under SEBI LODR Regulations 2015 completed within required timeframes
• No pending events or announcements requiring stock exchange notification
• Full transparency maintained regarding factors that may impact stock price

Market Movement Attribution

Magenta Lifecare attributed the stock price volatility to natural market forces rather than any company-specific developments. The management emphasized that the price movement is purely market-driven and not connected to any undisclosed corporate actions or material information.

About the Company

Magenta Lifecare Limited operates in the mattress and pillow manufacturing sector, positioning itself as the manufacturer of India's first mattresses made from CertiPUR-US certified foam. This certification represents a quality standard for foam used in furniture and bedding products, focusing on content, emissions, and durability.

Conclusion

The company's proactive response to BSE's inquiry demonstrates its commitment to maintaining transparent communication with regulators and investors. By confirming the absence of price-sensitive information and attributing the stock movement to market dynamics, Magenta Lifecare has provided clarity to stakeholders regarding recent trading activity in its shares.