Bajaj Hindusthan Sugar Limited has informed the Exchange regarding Outcome of Committee Meeting held on March 27, 2026 regarding Allotment of 105,95,94,058 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 Framework Agreement executed on March 26, 2026.
BAJAJHIND · price
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On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 3.6 pts more than its Sugar peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Bajaj Hindusthan Sugar has allotted 1,05,95,94,058 equity shares of face value Rs. 1 each at Rs. 5.12 per share (including Rs. 4.12 premium), aggregating to Rs. 542.51 crores, on a preferential basis to 10 lender banks by way of conversion of outstanding loans in accordance with the company's Resolution Plan / Framework Agreement dated March 26, 2026. The lenders include major public sector banks such as State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Central Bank of India, Bank of Maharashtra, IDBI Bank, Indian Bank, and Indian Overseas Bank. As a result, the company's paid-up equity share capital has increased sharply from Rs. 127.74 crore to Rs. 233.70 crore (an increase of about 83% in share count). Allotment to the remaining 2 lenders is still pending and will be done upon completion of their respective loan-to-equity conversion process.
This is a large debt-to-equity swap that significantly dilutes existing shareholders (share count rises by ~83%) but eases the company's debt burden under a Resolution Plan. Expect near-term share price weakness as nearly 106 crore new shares enter the system, held by banks that may look to exit over time.