Bajaj Hindusthan Sugar Limited has scheduled its 94th Annual General Meeting (AGM) for Thursday, August 27, 2026, to approve financial results that mark a significant turnaround for the company. The meeting will address the adoption of standalone accounts for FY26, which reported a Profit After Tax (PAT) of ₹137.96 crore, reversing a loss of ₹779.09 crore in the previous year. This recovery is critical for shareholders as it signals the effectiveness of debt restructuring measures and operational improvements under the RBI Prudential Framework.

The AGM will be held at the company’s registered office in Lakhimpur-Kheri, Uttar Pradesh. Ordinary business includes the re-appointment of Mr. Ajay Kumar Sharma as Managing Director and the adoption of financial statements. Special business resolutions seek approval for the appointment of Dr. Anil Rishiraj as Non-Executive, Non-Independent Director effective May 29, 2026, and Mr. Nand Lal Kalra as Independent Director for five years from August 28, 2026. Additionally, shareholders will ratify the remuneration of M/s. B.J.D. Nanabhoy & Co., Cost Accountants, Mumbai, and appoint Mr. Sanoj Kumar Potdar as Non-Executive Nominee Director effective August 28, 2026.

E-Voting and Book Closure Details

Shareholders holding shares as on the cut-off date of August 20, 2026, are eligible to vote. Remote e-voting via the National Securities Depository Limited (NSDL) platform opens on August 24, 2026, at 9:00 A.M. and closes on August 26, 2026, at 5:00 P.M. (IST). Once cast, electronic votes cannot be altered. The register of members and share transfer books will remain closed from Friday, August 21, 2026, to Thursday, August 27, 2026, to facilitate the meeting proceedings.

Individual shareholders with demat accounts can vote using their depository credentials, as per SEBI circulars dated December 9, 2020. Physical copies of the AGM notice were dispatched on August 3, 2026, while electronic copies were sent to registered email IDs. The notice was published in Navbharat Times and The Economic Times on August 4, 2026, pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Turnaround

The AGM follows a strong financial recovery in FY26. Standalone revenue including other income reached ₹5,441.05 crore, while EBITDA improved to ₹388.39 crore from ₹311.02 crore in FY25. The profit recovery was primarily driven by debt restructuring, which reduced net finance costs to ₹25.80 crore from ₹851.46 crore in the prior year. Consolidated PAT attributable to shareholders stood at ₹126.63 crore, compared to a consolidated loss of ₹779.09 crore in FY25. The Board has decided not to recommend any dividend for FY26.

What the Numbers Show

The dramatic reduction in finance costs highlights the impact of the RBI Prudential Framework on Bajaj Hindusthan Sugar’s bottom line. With net finance costs dropping by over ₹825 crore year-on-year, the company’s profitability is now less dependent on interest expense management and more reflective of operational efficiency, evidenced by the rise in EBITDA. This shift suggests a stabilizing balance sheet, allowing management to focus on core sugar and ethanol operations rather than debt servicing alone.

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.