Magadh Sugar & Energy Limited , a key player in the Indian sugar industry, has successfully completed a postal ballot process for the appointment of Mrs. Shalini Nopany as Non-Executive Director. The company had earlier reported challenging Q2 financial results with wider net losses and declining EBITDA performance.

Postal Ballot Results

The company announced the results of its postal ballot conducted under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting process concluded on December 18, 2025, with overwhelming shareholder support for the proposed resolution.

Director Appointment Details

The ordinary resolution for the appointment of Mrs. Shalini Nopany (DIN: 00077299) as Non-Executive Director received requisite majority approval from shareholders. The appointment is effective from November 12, 2025, as previously announced by the company.

Voting Process and Compliance

The postal ballot process was conducted through remote e-voting platform provided by National Securities Depository Limited (NSDL). Mr. Mohan Ram Goenka, Practicing Company Secretary (FCS No. 4515), served as the Scrutinizer for the voting process.

The e-voting period commenced on November 19, 2025, at 9:00 AM IST and concluded on December 18, 2025, at 5:00 PM IST. A total of 103 members participated in the voting process through the remote e-voting platform.

Recent Financial Performance Context

This corporate governance development comes after the company reported challenging Q2 results earlier. The company had faced significant financial strain with net loss widening to ₹104.00 crore from ₹54.00 crore in the corresponding quarter of the previous year, representing a 92.6% increase.

Board Composition and Governance

With Mrs. Shalini Nopany's appointment, the company strengthens its board composition under the leadership of Chairperson Chandra Shekhar Nopany. The appointment reflects the company's commitment to enhancing corporate governance practices.

Interested parties including Mr. Chandra Shekhar Nopany, Mrs. Urvi Mittal, and Mr. Arhant Vikram Nopany abstained from participating or voting on this resolution due to their interest in the matter, ensuring proper governance protocols were followed.

Magadh Sugar & Energy Limited , a key player in the sugar industry, has announced its unaudited financial results for the quarter ended June 30, 2025, along with significant changes in its management team.

Financial Results

The company has released its financial results for the first quarter of the fiscal year. However, specific details about the company's performance, including revenue and profit figures, were not provided in the given information.

Management Changes

Magadh Sugar & Energy has undergone a notable leadership transition:

• CFO Resignation: Mr. Manoj Prasad has stepped down from his position as Chief Financial Officer (CFO), effective August 5, 2025. He will continue to serve the company as Vice President (Finance) of the Hasanpur unit, focusing on operational financial matters.

• New CFO Appointment: Mr. Aditya Baheti has been appointed as the new CFO, effective August 6, 2025. Baheti is a qualified Chartered Accountant with over 15 years of experience in accounting and finance functions.

Updated Key Managerial Personnel

Following these changes, the company's board has updated its list of Key Managerial Personnel:

1. Mr. Pankaj Singh - Whole-time Director
2. Mr. Aditya Baheti - Chief Financial Officer
3. Mr. S Subramanian - Company Secretary

These key personnel have been authorized to determine the materiality of events and make necessary disclosures to stock exchanges.

Looking Ahead

The management reshuffle comes at a crucial time for Magadh Sugar & Energy. With the appointment of a new CFO and the realignment of responsibilities, the company appears to be positioning itself for potential changes in its financial strategy and operations.

Investors and industry observers will be closely monitoring how these leadership changes impact the company's performance in the coming quarters, especially given the cyclical nature of the sugar industry.

For more detailed information about the company's financial results and recent developments, interested parties can visit the official Magadh Sugar & Energy website at www.magadhsugar.com .