Event Details
The 12th Annual General Meeting (AGM) of Magadh Sugar & Energy Limited was held on Wednesday, 29th July 2026 at 11:00 a.m. IST through two-way Video Conference (VC)/Other Audio-Visual Means (OAVM) facility provided on Zoom platform by NSDL, without physical presence of members. The meeting was conducted in accordance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI.
Meeting Proceedings
The meeting was chaired by Mr. Chandra Shekhar Nopany, Chairperson of the Board. The following individuals were present:
- Directors, Chief Financial Officer, and Company Secretary of the Company
- Mr. Ram Ratan Todi representing M/s. BSR & Co. LLP, Statutory Auditors
- Mr. Sourish Kundu representing M/s. Vinod Kothari & Co., Secretarial Auditors
- Mr. Mohan Ram Goenka (FCS 4515, CP No 2551), Scrutinizer for remote e-Voting
The Chairman presented his speech apprising members about the company's performance during FY ended 31st March 2026 and future outlook. The Notice dated 11th May 2026, audited financial statements, auditors' reports, and Board's Report were taken as read as they had been circulated in advance.
Voting Process
E-voting facility was provided to members in compliance with Companies Act 2013, SEBI LODR Regulations 2015, and Secretarial Standards. The remote e-voting period commenced on Saturday, 25th July 2026 at 9:00 AM IST and ended on Tuesday, 28th July 2026 at 5:00 PM IST. Facility for e-voting at AGM was also made available for members who participated in the AGM and had not cast their vote through remote e-voting earlier.
Business Transacted
All five items of business contained in the Notice were transacted and passed by members with requisite majority:
Ordinary Business
1. Ordinary Resolution: Consideration and adoption of Audited Financial Statements for year ended 31st March 2026 and Reports of Directors' and Auditors' thereon
2. Ordinary Resolution: Declaration of Dividend on 1,40,91,630 Equity Shares of ₹10 each @ ₹12.50 (125%) per Equity Share for financial year 2025-26
3. Ordinary Resolution: Re-appointment of Mr. Pankaj Singh (DIN-11090613) who retires by rotation, as a Director liable to retire by rotation
Special Business
4. Ordinary Resolution: Ratification of remuneration payable to M/s D Radhakrishnan & Co., Cost Auditors for financial year 2026-27
5. Special Resolution: Appointment of Mr. Rajan Arvind Dalal (DIN-00546264) as an Independent Director for 5 years with effect from 11th May 2026 till 10th May 2031
Member Participation
56 members attended the meeting. Members who registered as Speaker Shareholders were given opportunity to ask questions and seek clarifications, which were appropriately responded to by the Chairman.
Conclusion and Disclosure
The AGM concluded at 11:45 a.m. IST (including 15 minutes of e-voting). The consolidated results of remote e-voting and e-voting at AGM together with Scrutinizer's Report will be published on the Company's website and uploaded on websites of NSDL, NSE, and BSE, and on Notice Board at Registered Office within 2 working days of conclusion of AGM.