Postal Ballot result: Lt. Gen. Rakesh Kapoor approved as Independent Director

Board & Shareholder Meetings View source PDF Explain this filing

MAGADSUGAR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹509.95

prior close

₹502.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.5%+0.3% vs market

Sugar peers, median of 27sector-0.9%-0.3% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.3 pts less than its Sugar peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

+0.6

15m

+0.5

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2-1.5+0.3-0.9-0.3

Next day

+7.7-1.2+8.9+2.6+5.1

+6.5-2.8+9.2+0.6+5.9

+4.9-1.8+6.7-1.2+6.1

+5.1-2.0+7.1-1.1+6.2

+0.1-3.3+3.4-2.7+2.8

+7.7-2.0+9.7+1.8+5.9

15d

+18.2-3.9+22.2+2.2+16.1

+0.6-10.7+11.3-7.5+8.1

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UpDownMarket · Nifty Microcap 250Sector · Sugar peers, median of 27Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Magadh Sugar and Energy announced postal ballot results on September 23, 2026. Shareholders approved the appointment of Lieutenant General Rakesh Kapoor (Retd.) as Non-Executive Independent Director for a 5 year term (August 4, 2026 to August 3, 2031) via Special Resolution. Of 102 members who voted through remote e-voting, 99.9968 percent voted in favour with only 310 votes against out of 96,02,643 total votes polled.

Likely market impact

Board strengthened with a new Independent Director. Near unanimous shareholder approval reflects strong support. No material price impact expected.