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Magadh Sugar & Energy Ltd announced the successful passage of a postal ballot resolution appointing Lieutenant General Rakesh Kapoor (Retd.) as a Non-Executive Independent Director.
Magadh Sugar & Energy Ltd is conducting a Postal Ballot to seek shareholder approval for the appointment of Lt. Gen. Rakesh Kapoor (Retd.) as an Independent Director. E-voting will occur from August 25, 2026, to September 23, 2026.
Q1FY27 revenue fell 7% to Rs 311 Cr with a net loss of Rs 12.22 Cr. Performance was hit by lower sugar and ethanol volumes and higher production costs.
Magadh Sugar & Energy reported Q1 FY27 total income of ₹311.27 Crore, down from ₹333.88 Crore in Q1 FY26. PAT stood at a loss of ₹12.22 Crore.
Magadh Sugar & Energy Limited appointed Mr. Rakesh Kapoor as a Non-Executive Independent Director for a 60-month term effective August 4, 2026.
Magadh Sugar & Energy Ltd reported revenue from operations of ₹310.5 Cr (-6.8% YoY) and a net loss of ₹12.2 Cr for Q1 FY27.
Magadh Sugar & Energy Ltd held its 12th Annual General Meeting on July 29, 2026, where members approved all business items with the requisite majority.
Magadh Sugar & Energy Ltd held its 12th Annual General Meeting on July 29, 2026. Shareholders approved financial statements and a dividend of Rs.12.50 per equity share.
Magadh Sugar & Energy will hold a board meeting on August 4, 2026, to approve the company's unaudited financial results for the quarter ending June 30, 2026.
Magadh Sugar & Energy's credit ratings for its bank facilities have been reaffirmed by CARE Ratings. The long-term rating is CARE A+ (Stable) and short-term is CARE A1.