Bajaj Hindusthan Sugar Limited has successfully completed its comprehensive capital restructuring activities under the resolution plan, involving preferential allotments of Compulsorily Convertible Preference Shares (CCPS) and equity shares to lenders. The Committee of Directors approved multiple allotments during meetings held on March 27, March 28, and April 1, 2026, converting outstanding loans totaling ₹2,882.95 crores into equity participation.

CCPS Allotment Details

The company completed three separate CCPS allotments as part of its resolution plan. The first allotment on March 27, 2026, involved 10 major banking institutions, while the second allotment on March 28, 2026, specifically covered UCO Bank. The final CCPS allotment was completed on April 1, 2026, to Bank of India.

Equity Share Allotments

The company completed two preferential allotments of equity shares to lenders. The first allotment was made to UCO Bank on March 28, 2026, followed by the final allotment to Bank of India on April 1, 2026.

Capital Structure Impact

The equity share allotments have progressively increased the company's paid-up equity share capital. Following the final allotment on April 1, 2026, the paid-up equity share capital increased from ₹2,37,39,42,476 divided into 2,37,39,42,476 equity shares to ₹2,39,06,66,041 divided into 2,39,06,66,041 equity shares of Re.1/- each.

Lender Participation

The preferential allotments involved multiple banking institutions under the approved resolution plan. The initial CCPS allotment covered 10 major banking institutions, primarily public sector banks, while subsequent allotments involved UCO Bank and Bank of India.

Participating Banks in Initial CCPS:

• State Bank of India
• Punjab National Bank
• Indian Bank
• Central Bank of India
• Bank of Maharashtra
• IDBI Bank Limited
• Canara Bank
• Union Bank of India
• Bank of Baroda
• Indian Overseas Bank

Resolution Plan Completion

The combined allotments totaling ₹2,882.95 crores form the complete capital restructuring under the company's resolution plan. With the final allotment to Bank of India completed on April 1, 2026, the company confirmed that allotments to all lenders have been successfully concluded, marking the completion of the loan-to-equity conversion process.

Regulatory Compliance

All allotments were conducted in accordance with Regulation 30 of SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has provided detailed disclosures as required under the preferential issue guidelines, ensuring full transparency throughout the capital restructuring process.

Bajaj Hindusthan Sugar Limited has successfully concluded its Extraordinary General Meeting held on March 10, 2026, with all three proposed resolutions receiving overwhelming shareholder approval. The company has disclosed the complete voting results pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Overview and Participation

The company reported comprehensive shareholder participation in the voting process, with 786850 total shareholders registered as of the March 02, 2026 cut-off date. The meeting witnessed attendance from both promoter and public shareholders, with 13 promoter group members and 58 public shareholders present either in person or through proxy.

Resolution Results and Voting Outcomes

All three resolutions on the agenda were passed with substantial majority support. The voting process combined remote e-voting conducted between March 07-09, 2026, and poll voting at the meeting venue.

Resolution 1: Authorised Share Capital Increase

The ordinary resolution for increasing authorised share capital and altering the capital clause of the Memorandum of Association received strong support across all shareholder categories.

Resolution 2: Preferential Equity Share Issuance

The special resolution for issuing equity shares on preferential basis for conversion of loan (YTM amount on OCDs) to lenders achieved similar approval levels.

Resolution 3: Convertible Preference Shares Issuance

The third special resolution concerning Series A 0.01% Compulsorily Convertible Preference Shares (CCPS) issuance also received overwhelming support.

Scrutinizer Validation and Compliance

The voting process was overseen by appointed scrutinizers M/s. Ranjeetkumar Sharma & Associates, Company Secretaries, and Mr. Avinash Chaturvedi, Advocate. Their consolidated scrutinizer's report dated March 10, 2026, confirmed the validity of both remote e-voting and poll voting procedures.

The company has fulfilled its regulatory obligations by disclosing the voting results and making them available on its website at www.bajajhindusthan.com and the National Securities Depository Limited platform. Company Secretary & Compliance Officer Kausik Adhikari (Membership No. ACS 18556) has communicated the results to both BSE Limited (Stock Code: 500032) and National Stock Exchange of India Ltd. (Stock Code: BAJAJHIND).

Corporate Restructuring Implications

These resolutions form part of the company's broader financial restructuring strategy, involving conversion of existing loan obligations into equity instruments. The approved measures will enable the company to strengthen its capital structure through preferential allotments to lenders, supporting its ongoing operational and financial objectives. The resolutions specifically address the conversion of Yield to Maturity amount on Optionally Convertible Debentures and Right of Recompense on earlier restructuring to the lenders.