Bajaj Hindusthan Sugar Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 30, 2025.
BAJAJHIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Bajaj Hindusthan Sugar Limited, at its meeting on June 30, 2025, approved tendering of its equity shares (both actual entitlement and additional shares) in the buyback offer made by group company Lalitpur Power Generation Company Limited, for an amount of up to Rs. 630.80 Crore. The proceeds from this transaction will be used to pay the first instalment of the principal redemption of Optionally Convertible Debentures (OCDs), along with Yield to Maturity (YTM) and coupon interest that fell due on March 31, 2025. The buyback counterparty, Lalitpur Power Generation Company Limited, is a related/group company of Bajaj Hindusthan Sugar. The meeting lasted just 30 minutes (5:30 PM to 6:00 PM).
The company is monetising its investment in a group company to meet a near-term debt obligation on its OCDs, which should help it avoid a default on the March 31, 2025 dues. Shareholders should note this is a cash inflow from selling an investment, not fresh business income, so the impact on operating performance is neutral. Completion of OCD repayment on time is a positive signal for the company's debt servicing capability.