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.

Magenta Lifecare Limited has filed a compliance statement with BSE Limited confirming no deviations in the utilization of its Initial Public Offering (IPO) proceeds for the half year ended September 30, 2025. The statement, submitted on December 20, 2025, demonstrates the company's adherence to regulatory requirements under SEBI Listing Regulations.

Regulatory Compliance Statement

The filing was made pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019. Managing Director Divyesh Modi (DIN: 02016172) signed the compliance document, affirming that no variations occurred in the planned fund utilization during the reporting period.

IPO Fund Allocation Details

The company's IPO proceeds were allocated across two primary objectives, with actual utilization matching the original allocation exactly:

The total IPO proceeds of ₹598.00 lakhs were distributed with the majority portion (₹424.00 lakhs) allocated for meeting incremental working capital requirements, while ₹174.00 lakhs was designated for general corporate purposes.

Fund Utilization Transparency

The statement confirms that there were no changes in the objects or purposes for which the funds were raised, no deviations in the amount of funds actually utilized against what was originally disclosed, and no changes in terms of contracts referred to in the fund-raising documents. The Audit Committee reviewed the fund utilization and provided no adverse comments.

Company Background

Magenta Lifecare Limited, formerly known as Magenta Lifecare Private Limited, operates in the mattresses and pillows segment. The company is headquartered at N.P. Patel Estate, Padamla, District Vadodara-391350, Gujarat, and trades on BSE with security code 544188 under the symbol MAGENTA.

This compliance filing reinforces the company's commitment to transparent fund management and regulatory adherence, providing stakeholders with confidence in the proper utilization of IPO proceeds according to the stated objectives.