Bajaj Hindusthan Sugar Limited has convened its 94th Annual General Meeting (AGM) scheduled for Thursday, August 27, 2026 at 11:00 A.M. (IST) at the Conference Hall, General Office, Golagokarannath, Lakhimpur-Kheri, District Kheri, Uttar Pradesh – 262 802. The meeting notice, dated July 29, 2026, was filed with the stock exchanges along with the Annual Report for the financial year 2025-26.

Financial Turnaround in FY 2025-26

The company reported a significant financial turnaround for the year ended March 31, 2026. The following table summarises key standalone financial results:

On a consolidated basis, turnover including other income was ₹5,476.96 crore compared to ₹5,592.79 crore in the previous year. Consolidated Profit After Tax attributable to shareholders stood at ₹126.63 crore against a loss of ₹779.09 crore in FY 2024–25.

Debt Restructuring and Capital Structure Changes

A defining development during FY 2025-26 was the implementation of an approved Resolution Plan under the RBI Prudential Framework. The company's aggregate lender exposure as on April 01, 2025 stood at ₹6,640.88 crores. Key elements of the restructuring included:

• Outstanding Optionally Convertible Debentures (OCDs) of ₹3,215.31 crore restructured with a revised coupon of 0.20% per annum and a moratorium period of five years, with repayment in 10 annual instalments from March 31, 2031 to March 31, 2040.
• Accrued Yield to Maturity (YTM) obligations of ₹3,584.95 crore and Right of Recompense (RoR) of ₹485.60 crore were settled through conversion into equity shares and Compulsorily Convertible Preference Shares (CCPS).
• Promoters infused ₹1,000 crore into the business during FY 2025-26, of which ₹630.79 crore was received through buyback of shares of Lalitpur Power Generation Company Limited (LPGCL) and balance ₹369.21 crore as inter-corporate deposit from LPGCL.
• The company allotted 1,09,65,82,534 equity shares on a preferential basis to lenders at a premium of ₹4.12 per share, and also allotted 28,10,88,20,184 Compulsorily Convertible Preference Shares of face value ₹1/- each to lenders.

Operational Performance

The company's operational data for its fourteen sugar plants, six distilleries, and fourteen co-generation units for FY 2025-26 is summarised below:

The company's installed capacities include an aggregate sugarcane crushing capacity of 1,36,000 TCD, distillery capacity of 800 kilolitres per day, and co-generation capacity of 449 MW.

AGM Agenda and Board Changes

The 94th AGM will transact the following businesses:

Ordinary Business:

1. Adoption of Standalone and Consolidated Financial Statements for FY 2025-26.
2. Re-appointment of Mr. Ajay Kumar Sharma (DIN: 09607745), Managing Director, who retires by rotation.

Special Business: 3. Ratification of remuneration of Rs.6,00,000/- (Rupees Six Lakh only) plus applicable service tax to M/s. B.J.D. Nanabhoy & Co., Cost Accountants, Mumbai, as Cost Auditor for FY ending March 31, 2027. 4. Appointment of Dr. Anil Rishiraj (DIN: 02853310) as Non-Executive, Non-Independent Director with effect from May 29, 2026. 5. Appointment of Mr. Nand Lal Kalra (DIN: 05268554) as Independent Director for five consecutive years from August 28, 2026 to August 27, 2031 (requires Special Resolution as Mr. Kalra is aged 76 years). 6. Appointment of Mr. Sanoj Kumar Potdar (DIN: 11760195), Deputy General Manager of Punjab National Bank, as Non-Executive Nominee Director with effect from August 28, 2026.

The Register of Members and Share Transfer Books will remain closed from Friday, August 21, 2026 to Thursday, August 27, 2026 (both days inclusive). The remote e-voting period runs from Monday, August 24, 2026 at 9:00 A.M. to Wednesday, August 26, 2026 at 5:00 P.M. (IST), with the record date being Thursday, August 20, 2026. The Board of Directors has decided not to recommend any dividend for FY 2025-26.

Subsidiary Performance Highlights

Key subsidiary performance for FY 2025-26 is noted below:

The company's Registrar and Share Transfer Agent is M/s. MUFG Intime India Private Limited (Formerly Link Intime India Private Limited), C 101, Embassy 247, L.B.S. Marg, Vikhroli West, Mumbai – 400 083.

Bajaj Hindusthan Sugar Limited has moved to strengthen its board composition by recommending the appointment of two new directors, effective August 28, 2026. The Board of Directors, meeting on July 29, 2026, approved the induction of Nand Lal Kalra as an Independent Director and Sanoj Kumar Potdar as a Non-Executive, Nominee Director representing Punjab National Bank. These appointments aim to enhance governance oversight and align with the bank’s interests as a stakeholder. The resolutions require shareholder approval to be finalized.

The appointments were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the SEBI Listing Regulations. The Board acted on the recommendation of the Nomination and Remuneration Committee during its meeting held from 11:00 A.M. to 11:30 A.M. on July 29, 2026. The company also complied with SEBI Circular No. HO/49/14/14(7)/2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding the disclosure of director details.

Nand Lal Kalra brings extensive experience in public administration and corporate governance. Aged 76, he holds a Bachelor of Science from Kurukshetra University, a Master of Science from Panjab University, and a Bachelor of Laws from Jodhpur University. With over five decades of experience, including 36 years in the Indian Revenue Service and tenure as an Accountant Member of the Income Tax Appellate Tribunal, Kalra offers deep regulatory expertise. He previously served as Chairman of the Audit Committee of Akums Drugs and Pharmaceuticals Limited.

Sanoj Kumar Potdar joins as a representative of Punjab National Bank. Aged 51, he is currently Deputy General Manager with Punjab National Bank’s HO Treasury Division in Mumbai. Potdar holds 26 years of banking experience across International Banking, Corporate Credit, and Treasury Management, including three years at PNB International Limited in London. He is a Certified Associate of the Indian Institute of Bankers (CAIIB), holds NSE Academy Certification in Financial Markets, and is a qualified Financial Risk Manager (FRM) from GARP, USA.

Appointment Details

Both appointees have disclosed no relationships with existing directors. Neither is debarred from holding office under any SEBI order or other authority. The company confirmed compliance with BSE Circular No. LIST /COMP/1412018-19 and NSE Circular dated June 20, 2018. Shareholders will vote on these appointments at the upcoming general meeting.