Magadh Sugar & Energy Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 02, 2025
MAGADSUGAR · price
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Awaiting price reaction for this filing.
Magadh Sugar & Energy Limited held its 11th Annual General Meeting on August 2, 2025, via video conferencing, chaired by Mr. Chandra Shekhar Nopany with 55 members in attendance. The meeting concluded at 11:45 AM after all 7 items of business were passed with the required majority. Key items approved include adoption of audited financial statements for FY2024-25, declaration of a dividend of Rs. 12.50 per equity share (125%) on 1,40,91,630 shares, re-appointment of Mr. Chandra Shekhar Nopany as Director, appointment of Mr. Pankaj Singh as Whole-time Director for 3 years from May 14, 2025, ratification of Cost Auditors' remuneration, and appointment of M/s Vinod Kothari & Co. as Secretarial Auditors for 5 years. The Chairman also shared views on the company's FY2024-25 performance and future outlook.
The dividend of Rs. 12.50 per share (125%) is a meaningful payout for shareholders. The new Whole-time Director appointment and 5-year Secretarial Auditor appointment signal continuity in governance. This is largely a procedural filing with no material surprises, so limited direct impact on stock price is expected.