Bajaj Hindusthan Sugar Limited (BHSL) has informed the Exchange about Inter Creditor Agreement (ICA) signed by the Lenders of the Company, as per the relevant RBI Circular for resolution of BHSL s debt.
BAJAJHIND · price
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Bajaj Hindusthan Sugar Limited has informed stock exchanges that its lenders have signed an Inter Creditor Agreement (ICA) on April 28, 2025, following the relevant RBI circular for resolution of the company's debt. State Bank of India communicated this to the company via email on May 01, 2025. The ICA is the formal first step under the RBI's framework for resolving stressed assets through a coordinated lender approach.
Signing of the ICA signals that BHSL's debt is being treated as stressed and is entering a formal resolution process. Shareholders should expect a restructuring plan to follow, which may involve changes to repayment terms, interest rates, or even conversion of debt to equity. In the short term, this is a negative signal for the stock as it confirms financial distress, though successful resolution could provide long-term stability.