Magadh Sugar & Energy Limited Announces CFO Transition and Q1 Financial Results

1 min read     Updated on 05 Aug 2025, 02:06 PM
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Overview

Magadh Sugar & Energy Limited has made significant changes to its leadership team. Mr. Manoj Prasad has resigned as CFO but will continue as VP (Finance) of the Hasanpur Unit. Mr. Aditya Baheti, a Chartered Accountant with over 15 years of experience, has been appointed as the new CFO. The company also approved Q1 financial results, which will be available on their website. Key Managerial Personnel have been authorized to determine materiality of events for stock exchange disclosures.

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*this image is generated using AI for illustrative purposes only.

Magadh Sugar & Energy Limited , a prominent player in the sugar industry, has announced significant changes in its leadership team along with the release of its Q1 financial results.

Leadership Transition

The company's Board of Directors, in a meeting held on August 5, approved several key changes in its top management:

  • CFO Resignation: Mr. Manoj Prasad has stepped down from his position as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company, effective from the close of business hours on August 5. Mr. Prasad's decision to resign stems from his desire to focus more on operational financial matters of the company's Hasanpur unit.

  • New Role for Mr. Prasad: While relinquishing his CFO duties, Mr. Prasad will continue to serve the company as Vice President (Finance) of the Hasanpur Unit, ensuring a smooth transition and maintaining his valuable expertise within the organization.

  • New CFO Appointment: Mr. Aditya Baheti has been appointed as the new Chief Financial Officer and Key Managerial Personnel, effective August 6. Mr. Baheti brings with him over 15 years of post-qualification experience in Accounting and Finance functions, and is a qualified Chartered Accountant.

Revised Key Managerial Personnel

Following these changes, the company's updated list of Key Managerial Personnel, effective August 6, is as follows:

Designation Name
Whole-time Director Mr. Pankaj Singh
Chief Financial Officer Mr. Aditya Baheti
Company Secretary Mr. S Subramanian

Q1 Financial Results

In the same board meeting, Magadh Sugar & Energy Limited also approved the unaudited financial results for the quarter ended June 30. The company has stated that these results, along with the Auditors' Limited Review Report, will be made available on their official website at www.magadhsugar.com .

Regulatory Compliance

In compliance with SEBI regulations, the company has authorized its Key Managerial Personnel to determine the materiality of events or information and make necessary disclosures to stock exchanges. This authorization is effective from August 6, and includes Mr. Pankaj Singh (Whole-time Director), Mr. Aditya Baheti (Chief Financial Officer), and Mr. S Subramanian (Company Secretary).

The management changes and financial results announcement demonstrate Magadh Sugar & Energy Limited's commitment to strategic growth and transparent corporate governance. As the company moves forward with its new financial leadership, stakeholders will be keen to observe the impact on its operational and financial performance in the coming quarters.

Historical Stock Returns for Magadh Sugar & Energy

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Magadh Sugar & Energy Reports Q1 Results and CFO Transition

1 min read     Updated on 05 Aug 2025, 01:58 PM
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Reviewed by
Ashish ThakurScanX News Team
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Overview

Magadh Sugar & Energy Limited has released its unaudited financial results for Q1 ending June 30, 2025, though specific performance figures were not provided. The company announced significant management changes, including the resignation of CFO Mr. Manoj Prasad and the appointment of Mr. Aditya Baheti as the new CFO. The company's updated Key Managerial Personnel now includes Mr. Pankaj Singh as Whole-time Director, Mr. Aditya Baheti as CFO, and Mr. S Subramanian as Company Secretary.

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*this image is generated using AI for illustrative purposes only.

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 .

Historical Stock Returns for Magadh Sugar & Energy

1 Day5 Days1 Month6 Months1 Year5 Years
-0.07%-3.10%+2.30%-16.03%-40.18%+367.29%
Magadh Sugar & Energy
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