Magadh Sugar & Energy Limited has informed the Exchange regarding Resignation of Mr Chandra Mohan as Whole time Director of the company w.e.f. close of business hours on May 14, 2025.
MAGADSUGAR · price
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Magadh Sugar & Energy Limited (K.K. Birla Group) reported its FY25 audited results alongside a board meeting outcome. Total income for the year rose to Rs 1,32,510.66 lakhs from Rs 1,09,815.04 lakhs, but net profit dipped slightly to Rs 10,944.61 lakhs (from Rs 11,640.96 lakhs), with EPS at Rs 77.67 versus Rs 82.61. Q4 FY25 was strong, with net profit of Rs 7,150.55 lakhs, up about 52% year-on-year. The board recommended a final dividend of Rs 12.50 per share (125% on face value of Rs 10), subject to shareholder approval. Mr. Chandra Mohan resigned as Wholetime Director and Key Managerial Personnel citing personal reasons, effective May 14, 2025, and Mr. Pankaj Singh (already serving as COO since August 2023) was appointed as the new Wholetime Director for three years.
Shareholders will benefit from the 125% final dividend, signalling cash returns despite a marginal annual profit decline. The smooth internal transition from an existing COO to Wholetime Director should minimise governance disruption, though the sudden KMP resignation at year-end may draw some investor attention.