Bajaj Hindusthan Sugar Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 10, 2026. Further, the company has informed the Exchange regarding voting results.
BAJAJHIND · price
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Bajaj Hindusthan Sugar Limited held an Extraordinary General Meeting on March 10, 2026, where shareholders approved all three resolutions with overwhelming majority (~98.8% in favour). Resolution 1 (Ordinary) approved an increase in Authorised Share Capital and alteration of the capital clause of the Memorandum of Association. Resolution 2 (Special) approved the issue of equity shares on a preferential basis to lenders upon conversion of part of the Yield to Maturity (YTM) amount on Optionally Convertible Debentures (OCDs). Resolution 3 (Special) approved the issue of Series A 0.01% Compulsorily Convertible Preference Shares (CCPS) on a preferential basis to lenders upon conversion of YTM on OCDs and Right of Recompense on earlier restructuring. Promoters voted 100% in favour with all their 31.87 crore shares. Total votes polled stood at 29.66% of outstanding shares, with public non-institutions showing low participation at around 0.37%.
The approvals enable the company to convert a portion of its debt (OCDs) into equity and preference shares, which could dilute existing shareholders but help reduce debt burden. Shareholders should watch for further announcements on the actual allotment, pricing, and impact on shareholding structure.