Magadh Sugar & Energy Limited has informed the Exchange regarding Change in Director(s) of the company.

MAGADSUGAR · price

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Price reaction · full curve 14 horizons · vs prior close

-2.1%1-day move

₹512.00

prior close

₹510.05

base price

In-mkt

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.3+0.7+0.5—-2.1-2.3-6.3-8.0-9.9-6.9-12.1-11.7+1.5—

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AI summary

Magadh Sugar & Energy Limited held its Board Meeting on May 11, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. Total income for the year stood at Rs. 1,24,878 lakhs, down from Rs. 1,32,511 lakhs in the previous year. Net profit after tax was Rs. 6,351 lakhs, significantly lower than Rs. 10,945 lakhs in the previous year. The Board recommended a final dividend of Rs. 12.50 per equity share (125%) for shareholder approval at the AGM. Additionally, Mr. Rajan Arvind Dalal was appointed as an Independent Director for a term of 5 years, subject to shareholder approval.

Likely market impact

The appointment of an Independent Director strengthens board governance. However, the year-on-year decline in revenue and net profit may weigh on investor sentiment, though the dividend recommendation provides some support to shareholders.