Magadh Sugar & Energy Ltd - Board Meeting Outcome for Sub: Outcome Of Board Meeting Held On May 9, 2023

Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. May 09, 2023 has inter-alia transacted the following items of business: a. Considered and approved the Audited Annual Financial Results of the Company for the financial year ended March 31, 2023. A copy of Audited Financial Results along with Auditors Report thereon and Declaration pursuant to Regulation 33(3)(d) of the Listing Regulations, 2015 is enclosed for your records; b. The Board of Directors has also recommended a dividend of Rs. 7/- per equity share of Rs.10/- each for the year ended 31st March 2023, subject to approval of the Shareholders. The meeting commenced at 12 Noon and concluded at about 1:20 p.m. The above results are also being made available on the Company's website at www.birla-sugar.com