Magadh Sugar & Energy Limited has informed the Exchange regarding Appointment of Mr Pankaj Singh as Whole time Director of the company w.e.f. May 14, 2025.
MAGADSUGAR · price
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The board of Magadh Sugar & Energy approved audited results for Q4 and FY25, with full-year revenue rising about 20% to Rs. 1,32,228.50 lakhs (from Rs. 1,09,658.03 lakhs a year ago), while net profit slipped roughly 6% to Rs. 10,944.61 lakhs (from Rs. 11,640.96 lakhs). The board recommended a final dividend of Rs. 12.50 (125%) per equity share of Rs. 10 face value, subject to shareholder approval. Mr. Chandra Mohan resigned as Wholetime Director and Key Managerial Personnel effective May 14, 2025, citing personal reasons, and Mr. Pankaj Singh (currently the company's COO) was appointed as Wholetime Director and KMP for a three-year term from the same date. The board also appointed Vinod Kothari & Co as Secretarial Auditors for five years (FY26-FY30), Singhi & Co as Internal Auditors for FY26, and D Radhakrishnan & Co as Cost Auditor for FY26. Statutory auditors BSR & Co LLP issued an unmodified opinion on the FY25 results.
The revenue growth is encouraging but the dip in profit signals margin pressure for shareholders, while a 125% dividend offers reasonable income support. The KMP-level leadership change is routine and the successor is an internal promotion, so governance continuity is largely maintained.