Bajaj Hindusthan Sugar Limited Allots Equity Shares on Preferential Basis
Bajaj Hindusthan Sugar Limited announced the allotment of 3,69,88,476 equity shares on a preferential basis on March 28, 2026. The shares were issued to UCO Bank at a price of Rs. 5.12 per share, including a premium of Rs. 4.12, as part of a resolution plan involving the conversion of a loan.The total consideration for the allotment amounts to Rs. 18.94 Crores. Consequently, the company’s paid-up equity share capital has increased from Rs. 2,33,69,54,000 divided into 2,33,69,54,000 equity shares of Re.1 each to Rs. 2,37,39,42,476 divided into 2,37,39,42,476 equity shares of Re.1 each.
The allotment to a remaining lender is pending completion of the loan conversion process.
Details of the Preferential Allotment:
| Sr. No. | Requirement of disclosure | Details |
|---|---|---|
| a. | Type of securities proposed to be used | Equity Shares of face value of Re.1/- each |
| b. | Type of issuance | Preferential allotment |
| c. | Total number of securities proposed to be issued or the total amount for which the securities will be issued | 3,69,88,476 Equity Shares at a price of Rs.5.12 per Equity Share, on conversion of loan aggregating to Rs.18.94 Crores |
| ii) | Post allotment of securities - outcome of the subscription, issue price/ allotted price (in case of convertibles), number of investors; | Outcome of the Subscription: Allotment of 3,69,88,476 Equity Shares. Issue price: Re. 5.12. Allotted price: Re. 5.12. Number of Investors: 1 |
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