Bajaj Hindusthan Sugar Limited has informed that in continuation of our disclosure dated April 01, 2025 and June 30, 2025 and pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, we would like to inform that the Company has tendered part of its investments in Lalitpur Power Generation Company Limited (LPGCL), a group company, under the buyback offer by LPGCL.
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Bajaj Hindusthan Sugar Limited tendered part of its shareholding in group company Lalitpur Power Generation Company Limited (LPGCL) under LPGCL's buyback offer. The company received Rs. 630.80 crore from this buyback. It has used the entire proceeds to clear all overdue amounts on its Optionally Convertible Debentures (OCDs) — including the first instalment of principal redemption, yield-to-maturity, and coupon interest that were due on March 31, 2025 — paid to lenders on July 1, 2025.
This is a positive development for shareholders as it signals progress in resolving the company's debt obligations, with a key overdue payment to lenders now fully cleared. The cash inflow from the group company buyback has directly strengthened Bajaj Hindusthan's debt-servicing position.