Bajaj Hindusthan Sugar Limited Allots Equity Shares on Preferential Basis
Bajaj Hindusthan Sugar Limited announced the allotment of 1,67,23,565 equity shares on a preferential basis to Bank of India on April 1, 2026. The shares were allotted at a price of Rs. 5.12 per share, including a premium of Rs. 4.12. The total value of the allotment amounts to Rs. 8.56 Crores, resulting from the conversion of a loan in accordance with the company's "Resolution Plan."Following the allotment, Bajaj Hindusthan Sugar Limited's paid-up equity share capital has increased from Rs. 2,37,39,42,476 divided into 2,37,39,42,476 equity shares of Re.1 each to Rs. 239,06,66,041 divided into 239,06,66,041 equity shares of Re.1 each. This allotment completes the allotment process for all lenders.
Details of the Preferential Allotment
| Requirement of disclosure | Details | |
|---|---|---|
| a. | Type of securities proposed to be Issued | Equity Shares of face value of Re.1/- each |
| b. | Type of issuance | Preferential allotment |
| c. | Total number of securities issued and value | 1,67,23,565 Equity Shares at a price of Rs.5.12 per Equity Share, on conversion of loan aggregating to Rs.8.56 Crores. |
| ii) | Post allotment - outcome of the subscription, issue price / allotted price, number of investors | Outcome of the Subscription: Allotment of 1,67,23,565 Equity Shares. Issue price: Re. 5.12. Allotted price: Re. 5.12. Number of Investors: 1 |
The company's registered office is located at Golagokarannath, Lakh•mpur-Kheri, District Kheri, Uttar Pradesh - 262 802.
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