Bajaj Hindusthan Sugar Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, dated April 06, 2026, covers the quarter ended March 31, 2026.

Regulatory Compliance Submission

The company submitted the certificate to both major Indian stock exchanges as part of its regular compliance obligations:

Company Secretary and Compliance Officer Kausik Adhikari (Membership No. ACS 18556) signed the submission letter, ensuring adherence to regulatory timelines.

Certificate Details

MUFG Intime India Pvt. Limited (formerly Link Intime India Private Limited), serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate dated 02nd April 2026. The certificate confirms proper handling of securities dematerialisation processes during the quarter.

Compliance Confirmation

The certificate confirms that securities received from depository participants for dematerialisation during the quarter were properly processed within prescribed timelines. Key compliance aspects include:

• Securities received for dematerialisation were confirmed or rejected to depositories
• Security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners
• All processes adhered to prescribed regulatory timelines

Regulatory Framework

The submission falls under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which mandates quarterly compliance reporting. The regulation ensures transparency in securities handling and maintains investor confidence in the dematerialisation process.

Copies of the compliance certificate were also forwarded to National Securities Depository Ltd. and Central Depository Services (India) Ltd., maintaining comprehensive regulatory communication across all relevant authorities.

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.