Outcome Of The Board Meeting Held On May 29, 2026 Regarding Approval Of Audited Annual Financial Results For The Quarter And Financial Year Ended March 31, 2026
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Bajaj Hindusthan Sugar reported a significant turnaround with standalone PAT of Rs 137.96 crore for FY26 versus a loss of Rs 751.14 crore in FY25. Revenue from operations declined marginally to Rs 5,420.17 crore from Rs 5,542.26 crore. The company completed a major debt restructuring where OCDs of Rs 3,215.31 crore were restructured with a 5-year moratorium and coupon reduced to 0.20%. YTM obligations of Rs 3,584.95 crore and RoR of Rs 485.60 crore were settled through equity conversion and CCPS issuance, increasing share capital from Rs 127.74 crore to Rs 237.39 crore. No dividend was recommended. An exceptional item of Rs 13.86 crore was recognised for new labour code provisions. The company also disclosed related party transactions with Lalitpur Power Generation Co Ltd.
The company has emerged from significant financial distress with profitable operations and restructured debt, which should reduce future finance costs. However, the auditor's emphasis of matter on going concern and related party exposures in subsidiaries warrants continued monitoring.