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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.

Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split

Data sourced from BSE India corporate announcements. More categories will be added over time.

Bajaj Hindusthan Sugar Ltd

Bajaj Hindusthan Sugar — 3.7 Cr equity shares allotted on debt-to-equity conversion

FUNDRAISE ▼ Concern Flagged HIGH RISK

📅 Filed on BSE: 28 Mar 2026, 01:04 PM IST · BSE ID: 556e10dd-a8b1-40ea-b447-7421490c2ca3

View Original BSE Filing (PDF)

💡

In Simple Terms

The company converted Rs. 18.94 Crores of bank debt into 3.7 crore new shares, diluting all existing shareholders as part of a financial restructuring plan.

🤖 AI Summary

3,69,88,476 equity shares allotted at Rs. 5.12 per share; Rs. 18.94 Crores debt converted
Allotment to UCO Bank under debt-to-equity conversion as part of resolution plan
Paid-up equity capital increased from Rs. 2,33,69,54,000 to Rs. 2,37,39,42,476
Third major debt conversion in consecutive days; one lender conversion still pending

🔢 Key Numbers — exact figures from BSE filing, not rounded

Equity shares allotted

3,69,88,476 shares

Allotment price per share

Rs. 5.12 (Rs. 1.00 face value + Rs. 4.12 premium)

Debt converted

Rs. 18.94 Crores

Paid-up equity capital (post-allotment)

Rs. 2,37,39,42,476

Number of lenders in this allotment

1 (UCO Bank)

Cumulative debt converted (March 27-28)

Rs. 3,272.44 Crores (CCPS + equity)

🏢 How This Affects the Company

💰

Financial Impact

Debt reduced by Rs. 18.94 Crores; leverage decreased but ordinary shareholding base expanded by 1.57%, reducing ownership stake of existing shareholders.

⚠️

Risk Impact

Ongoing restructuring with one remaining lender conversion pending creates execution uncertainty. Cumulative dilution from three consecutive allotments (Rs. 3,272.44 Crores of debt converted) raises equity base sustainability concerns.

👥 What This Means For Shareholders

✅

Action Required

Existing shareholders should verify their shareholding percentage post-allotment and monitor final lender conversion disclosure expected imminently.

👤

Who Is Affected

All existing equity shareholders face dilution. Shareholding percentage reduced as 3,69,88,476 new shares added to existing 2,33,69,54,000 share base, with two prior allotments on March 27 causing additional dilution.

🔍

Management Signal

Company prioritizing debt reduction through equity issuance over cash repayment, indicating limited liquidity and reliance on lender forbearance under resolution plan.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events

Final lender equity allotment disclosure — filing expected within days confirming remaining debt conversion

Q4 FY26 or Q1 FY27 financial results — check revenue, interest expense, and net debt post-restructuring

Shareholder register update — monitor own shareholding percentage and voting rights post-dilution

HIGH RISK Cumulative shareholder dilution exceeds 80% in two days. One lender conversion incomplete. Debt-heavy restructuring signals weak cash generation and liquidity stress.

💡 Investor Takeaway

Bajaj Hindusthan converted Rs. 18.94 Crores of UCO Bank debt into 3.7 crore new shares at Rs. 5.12 per share on March 28. Cumulative three-day conversions total Rs. 3,272.44 Crores of debt into equity. One lender conversion remains pending. Existing shareholders facing sustained dilution.

⚖️ Strengths & Concerns

✅ Positives

Debt converted at Rs. 5.12 per share reduces financial leverage and interest burden going forward
Conversion under structured resolution plan with bank lender provides certainty of debt resolution

⚠️ Concerns

Third consecutive debt-to-equity allotment in two days dilutes existing shareholders by approximately 83% cumulatively
One lender conversion remains pending, indicating resolution plan execution not fully complete

📅 Company Track Record

Bajaj Hindusthan Sugar has disclosed two major prior debt conversions on March 27, 2026: Rs. 2,711.99 Crores into compulsorily convertible preference shares and Rs. 542.51 Crores into 10,59,94,058 equity shares at Rs. 542.51 per share. This March 28 allotment represents the third conversion in 24 hours under the resolution plan. One additional lender conversion is pending completion.

Based on publicly available historical data. For context only.

📑 More from Bajaj Hindusthan Sugar Ltd

Bajaj Hindusthan Sugar Board Meeting Scheduled Nov 11 to Approve Q2 FY27 Results

BOARD · 02 Nov 2026

Bajaj Hindusthan Sugar: Nominee Director Ramani Ranjan Mishra Resigns

MANAGEMENT · 14 May 2026

Bajaj Hindusthan Sugar completes Rs. 44.57 Crores debt-to-equity conversion via Bank of India

FUNDRAISE · 01 Apr 2026

Bajaj Hindusthan Sugar completes final lender allotment — Rs. 8.56 Crores debt converted

FUNDRAISE · 01 Apr 2026

Bajaj Hindusthan Sugar allots 98.89 Cr CCPS via debt-to-equity conversion

FUNDRAISE · 28 Mar 2026

Bajaj Hindusthan Sugar allots 27.11 crore CCPS worth Rs. 2,711.99 Cr via loan conversion

FUNDRAISE · 27 Mar 2026

All BSE filings we have analysed for Bajaj Hindusthan Sugar Ltd.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.