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.

Magenta Lifecare Limited , a rapidly growing player in India's comfort and sleep solutions market, has announced the launch of its latest product, GOLD - a premium high-resilience (HR) foam mattress. The company aims to disrupt the market with this new offering, positioning it as a high-quality product at an unbeatable price point.

Product Features

The Magenta GOLD mattress boasts several key features designed to enhance sleep quality and comfort:

• Dual-layer support system: Combines an HR foam base with a soft top comfort layer
• Premium breathable fabric finish for improved air circulation
• Compressed roll pack design for easy transportation and installation
• Convenient openable zipper cover
• Anti-skid bottom grip to ensure mattress stability
• Ergonomically engineered to support various sleep positions

The mattress is available in two thickness options: 5 inches and 6 inches, catering to different consumer preferences.

Warranty and Availability

Magenta Lifecare demonstrates confidence in the durability and performance of the GOLD mattress by offering attractive warranty packages:

• 5-year warranty for the 5-inch model
• 7-year warranty for the 6-inch model

The Magenta GOLD mattress is now available through the company's network of leading retail partners and select online platforms across India.

Strategic Expansion

Mr. Divyesh Modi, Chairman of Magenta Lifecare Limited, shared insights on the company's growth strategy, stating, "We are moving ahead to more than double our production capacity and market coverage by the end of 2025." This ambitious expansion plan aligns with the company's commitment to innovation and meeting diverse consumer demands.

Market-Driven Innovation

The development of Magenta GOLD was driven by real market feedback, adhering to the principle of "RIGHT PRODUCT AT RIGHT PRICE." This approach seems to be paying off, as Mr. Modi noted, "The early surge in orders already indicates strong traction, and we are confident it will be well received by customers."

Conclusion

With the launch of GOLD, Magenta Lifecare continues to strengthen its position in the Indian mattress market. The company's focus on value-driven innovation and its ability to deliver premium products at competitive price points could potentially reshape consumer expectations in the sleep solutions segment. As the festive season approaches, it will be interesting to see how Magenta GOLD performs in the market and contributes to the company's growth trajectory.