Meeting Details

The 12th Annual General Meeting was held on Wednesday, July 29, 2026, at 11:00 a.m. (IST) through two-way Video Conference/Other Audio-Visual Means without physical presence of members. The meeting was conducted to transact business as stated in the AGM Notice dated May 11, 2026. All items of business were transacted and passed by members with requisite majority. The company facilitated live webcast of the proceedings.

Shareholder Participation

The total number of equity shareholders as of the cut-off date (July 22, 2026) was 12,775. No physical meeting or proxy arrangement was made as the meeting was held through VC/OAVM. Through video conferencing, 26 shareholders from Promoters & Promoter Group and 30 shareholders from Public category attended the meeting.

Voting Mechanism and Scrutinizer Appointment

Remote e-voting facility was kept open from Saturday, July 25, 2026 (9:00 A.M.) till Tuesday, July 28, 2026 (5:00 P.M.). The company also provided remote e-voting facility to shareholders present at the AGM through VC/OAVM who had not cast their vote earlier. Mr. Mohan Ram Goenka, Company Secretary in Practice (FCS No. 4515, CP No. 2551), was appointed as Scrutinizer for the e-voting process.

Detailed Voting Results

Resolution 1 - Ordinary Resolution: To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March, 2026 and the Reports of the Directors and Auditors thereon.

  • Total votes cast: 9,547,959
  • Votes in favor: 9,547,928 (99.9997%)
  • Votes against: 31 (0.0003%)
  • Number of shareholders voting: 85 in favor, 5 against (total 90)

Resolution 2 - Ordinary Resolution: To declare dividend on the Equity Shares of the Company for the financial year ended 31st March, 2026.

  • Total votes cast: 9,547,959
  • Votes in favor: 9,547,946 (99.9999%)
  • Votes against: 13 (0.0001%)
  • Number of shareholders voting: 86 in favor, 4 against (total 90)

Resolution 3 - Ordinary Resolution: To appoint Mr. Pankaj Singh (DIN 11090613) as Director who retires by rotation and offers himself for re-appointment.

  • Total votes cast: 9,547,959
  • Votes in favor: 9,547,924 (99.9996%)
  • Votes against: 35 (0.0004%)
  • Number of shareholders voting: 84 in favor, 6 against (total 90)

Resolution 4 - Ordinary Resolution: Ratification of remuneration to be paid to M/s D Radhakrishnan & Co. (Firm Registration Number 000018), as Cost Auditor of the Company for the financial year 2026-27.

  • Total votes cast: 9,547,959
  • Votes in favor: 9,547,924 (99.9996%)
  • Votes against: 35 (0.0004%)
  • Number of shareholders voting: 84 in favor, 6 against (total 90)

Resolution 5 - Special Resolution: To appoint Mr. Rajan Arvind Dalal (DIN-00546264) as an Independent Director of the Company for a term of 5 consecutive years w.e.f. 11th May, 2026 to 10th May, 2031.

  • Total votes cast: 9,547,959
  • Votes in favor: 9,541,162 (99.9288%)
  • Votes against: 6,797 (0.0712%)
  • Number of shareholders voting: 83 in favor, 7 against (total 90)

Availability of Documents

The voting results along with the scrutinizer's report are available on the company's website at www.magadhsugar.com and on the websites of National Securities Depository Limited, National Stock Exchange of India Limited, BSE Limited, and on the notice board at the registered office of the company.

Scrutinizer's Findings

The scrutinizer confirmed that 90 members cast their votes through remote e-voting facility and no members cast votes through e-voting on the day of the AGM. All relevant records/electronic data relating to the e-voting are under the scrutinizer's safe custody and will be handed over to the Chairman or Company Secretary for preservation after the Chairman considers, approves and signs the minutes of the AGM.

Financial Impact

The dividend declaration represents a cash outflow to shareholders, though the exact per-share amount is not quantified in this disclosure.