Avadh Sugar & Energy Seeks Shareholder Approval for Nopany's Appointment as Managing Director
Avadh Sugar & Energy Limited has initiated a postal ballot for shareholder approval to appoint Chandra Shekhar Nopany as Managing Director and Co-Chairperson for a five-year term starting September 1, 2025. The proposed role includes a monthly salary of Rs. 25 lakh and a 5% commission on net profits. Nopany, currently a Non-Executive Director, brings extensive experience in sugar, tea, shipping, textiles, and fertilizers sectors. E-voting is scheduled from August 14 to September 12, 2025, for shareholders on record as of August 8, 2025.
04Aug 25
Avadh Sugar & Energy Reports Net Loss of ₹841.38 Lakhs, Appoints New Managing Director
Avadh Sugar & Energy Limited reported a net loss of ₹841.38 lakhs for Q1 FY2024, compared to a net profit of ₹868.80 lakhs in Q1 FY2023. Revenue from operations increased to ₹71,660.81 lakhs from ₹70,799.03 lakhs year-over-year. EBITDA declined to ₹28.20 crores from ₹57.30 crores, with margin compression to 3.90% from 8.10%. The sugar segment remained the primary revenue generator at ₹58,761.35 lakhs, followed by the distillery segment at ₹16,506.77 lakhs. The company appointed Mr. Chandra Shekhar Nopany as Managing Director and Co-Chairperson, and Mr. Pankaj Goenka as Senior Management Personnel.
12May 25
Avadh Sugar & Energy Reports Robust Q4 Results with Significant EBITDA and Profit Growth, Recommends Final Dividend
Avadh Sugar & Energy's Q4 results show significant improvements: EBITDA increased to ₹1.49 billion from ₹1.21 billion, EBITDA margin expanded to 22.00% from 19.55%, and net profit rose to ₹717.00 million from ₹553.00 million year-over-year. The company also announced a final dividend of ₹10 per share.