Bajaj Hindusthan Sugar Limited has informed the Exchange regarding Outcome of Committee Meeting held on March 28, 2026 regarding allotment of 3,69,88,476 Equity Shares of face value of Rs.1/- each at a price of Rs.5.12 per share (including Rs. 4.12 premium) on preferential basis on conversion of Loan in accordance with the Frame Work Agreement executed on March 26, 2026.
BAJAJHIND · price
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Bajaj Hindusthan Sugar has allotted 3.69 crore equity shares at Rs. 5.12 per share (face value Re. 1, premium Rs. 4.12) to UCO Bank, aggregating to Rs. 18.94 crores. This was done on a preferential basis by converting a loan into equity under a Resolution Plan tied to a Framework Agreement signed on March 26, 2026. The company's paid-up equity capital has risen from Rs. 233.70 crore to Rs. 237.39 crore. One more lender's conversion is still pending and will be completed later.
This is a debt-to-equity swap that reduces the company's debt burden but dilutes existing shareholders. The low issue price (Rs. 5.12) signals financial stress and weak stock valuation. Short-term shareholders may see dilution pressure, though lower debt can support long-term financial stability.