Bajaj Hindusthan Sugar Limited Allots Equity Shares on Preferential Basis
March 27, 2026 – Bajaj Hindusthan Sugar Limited announced the allotment of 1,05,95,94,058 equity shares on a preferential basis to lenders of the company. The shares were allotted at a price of Rs. 5.12 per share, including a premium of Rs. 4.12. This allotment, aggregating to Rs. 542.51 crores, is a part of the company’s resolution plan and represents the conversion of a loan.The Committee of Directors approved the allotment at a meeting held on March 27, 2026. The company's paid-up equity share capital has increased from Rs. 127.74 crores, divided into 127,73,59,942 equity shares, to Rs. 233.70 crores, divided into 2,33,69,54,000 equity shares.
The lenders involved in the allotment include State Bank of India, Punjab National Bank, Indian Bank, Central Bank of India, Bank of Maharashtra, 1081 Bank Limited, Canara Bank, Union Bank of India, Bank of Baroda, and Indian Overseas Bank.
The allotment of the remaining two lenders will be completed upon the conversion of their loans into equity.
| Requirement of disclosure | Details |
|---|---|
| Type of securities proposed to be Issued | Equity Shares of face value of Re.1/- each |
| Type of issuance | Preferential allotment |
| Total number of securities issued and total value | 1,05,95,94,058 Equity Shares at a price of Rs.5.12 per Equity Share, aggregating to Rs.542.51 Crores. |
| Names of the investors | 1. State Bank of India 2. Punjab National Bank 3. Indian Bank 4. Central Bank of India 5. Bank of Maharashtra 6. 1081 Bank Limited 7. Canara Bank Union Bank of India Bank of Baroda 10. Indian Overseas Bank |
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