Magadh Sugar & Energy shareholders approved a final dividend of ₹12.50 per equity share, marking a 125% payout for the financial year ended March 31, 2026, during its 12th Annual General Meeting (AGM) held on July 29, 2026. The resolution passed as an ordinary item, distributing returns across 1,40,91,630 equity shares. This declaration signals management’s confidence in cash flows following the adoption of audited financial statements for FY26.

The AGM was conducted via video conference and other audio-visual means through the NSDL Zoom platform, in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India regulations. Chaired by Chairperson Chandra Shekhar Nopany, the meeting commenced at 11:00 a.m. IST with 56 members present. The proceedings concluded at 11:45 a.m. IST, including a 15-minute window for e-voting. All items listed in the notice dated May 11, 2026, were transacted and passed with the requisite majority.

Beyond the dividend, shareholders approved several key governance and compliance resolutions. The Board sought ratification for the remuneration payable to M/s D Radhakrishnan & Co., appointed as Cost Auditors for the financial year 2026-27. Additionally, members approved the re-appointment of Pankaj Singh as a director liable to retire by rotation. A special resolution was passed to appoint Rajan Arvind Dalal as an Independent Director for a term of five years, effective from May 11, 2026, to May 10, 2031.

Key Resolutions Passed

The statutory audit for FY26 was conducted by M/s BSR & Co. LLP, represented by Ram Ratan Todi, while secretarial audit was handled by M/s Vinod Kothari & Co., represented by Sourish Kundu. Mohan Ram Goenka served as the scrutinizer for the e-voting process, ensuring fair and transparent voting procedures. The Company Secretary informed members that there were no qualifications or adverse remarks in the auditors’ reports.

What the Numbers Show

The decision to declare a 125% dividend indicates strong liquidity position post-FY26 closure. With no adverse remarks from statutory or secretarial auditors, the clean audit opinion supports the reliability of the financial statements adopted by shareholders. The appointment of a new independent director suggests a focus on strengthening board oversight and governance structures for the coming years.

Magadh Sugar & Energy Ltd has fixed Friday, July 17, 2026, as the record date to determine shareholder eligibility for a dividend of ₹12.50 per equity share of ₹10 each. The dividend, recommended by the Board for the financial year ended March 31, 2026, is subject to deduction of tax at source and approval by shareholders at the Twelfth Annual General Meeting (AGM). The AGM is scheduled for Wednesday, July 29, 2026, at 11:00 a.m. IST via Video Conferencing or Other Audio Visual Means.

Pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has dispatched letters to shareholders whose email addresses are not registered. These letters provide a web-link to access the Notice of the 12th AGM and the Annual Report for the Financial Year 2025-26 on the company’s website. Shareholders holding shares in physical form are reminded to update KYC details, including PAN, address, and bank account details, to ensure receipt of payments through electronic mode as mandated by SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024.

The facility for remote e-voting will be available from Saturday, July 25, 2026, at 9:00 a.m. IST until Tuesday, July 28, 2026, at 5:00 p.m. IST. The cut-off date for shareholders eligible for e-voting is Wednesday, July 22, 2026. Login credentials for e-voting and participation will be sent via email to registered shareholders. Those holding shares in dematerialised mode are requested to ensure their email addresses are updated with their Depository Participants.

Key AGM Details