Bajaj Hindusthan Sugar Ltd

Utilisation and deviation status

• Mode of fund raising: preferential issue.
• Funds allocated to loan conversion and CCPS for lenders.
• Deviation in use of funds: none.
• Status: funds fully utilised; no unutilised funds.
• Audit Committee comments: none; Auditors comments: not applicable.
• Monitoring agency: not applicable.

Financial results approved

• Unaudited standalone results for quarter ended 30 June 2026 approved by Board; Audit Committee reviewed.
• Unaudited consolidated results for quarter ended 30 June 2026 approved; Audit Committee reviewed.
• Limited Review reports from auditors enclosed.

Going concern and restructuring

• Going concern basis adopted; debt restructuring and OCD repayments moratorium from 31 March 2031.
• Group pursuing claim under Sugar Industry Promotion Policy (~Rs 1,978 crore) presently sub judice.
• Auditors' notes include emphasis of matter on going concern.

Non-core assets; discontinued operations

• Board Division Ecotec identified as non-core; part assets disposed; classified as discontinued operation.
• Some identified assets disposed during the quarter.
• Standalone results present net result of discontinued operations separately.

Capital actions under Framework Agreement

• Allotted 1,67,23,565 equity shares at Rs 5.12 to lender.
• Allotted 44,56,67,369 CCPS to lender; CCPS issuance completed.
• Issuances to participating lenders already completed in March 2026; compliance achieved.
• Issuances fully compliant with Framework Agreement.

Audit and regulatory notes

• Auditors' Emphasis of Matter on going concern cited in limited review.
• Five subsidiaries' interim results not reviewed; not material to Group.
• Board meeting date Aug 13, 2026; results taken on record.
• Consolidated results reviewed; no modification to opinion.
• Aggregate investments in subsidiaries Rs 2,593.33 crore; interest income of Rs 28.03 crore not recognised pending realisation.

Governance and management

• No changes in directors, auditors, or key management during quarter.
• Board approved and took the results on record at Aug 13, 2026.

Meeting Details

• Board meeting scheduled for August 13, 2026, through Audio-Visual means.

Key Agenda Items

• Unaudited standalone and consolidated Q1 FY2026-27 results for quarter ended June 30, 2026.
• Audit Committee will meet on Aug 13, 2026, prior to Board meeting to review results.

Other Notes

• Trading window for Designated Persons closed from July 01, 2026, until 48 hours after results.

Appointments

• Nand Lal Kalra appointed Independent Director, effective Aug 28, 2026, for five-year term.
• Sanoj Kumar Potdar appointed Non-Executive, Nominee Director for Punjab National Bank, Aug 28, 2026, five-year tenure.

Dematerialisation/Rematerialisation status

• Securities received for dematerialisation during quarter ended 30 June 2026 were confirmed to the depositories (accepted/rejected).
• Securities dematerialised were listed on the stock exchanges where the company's existing securities are listed.
• Certificates for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner within timelines.

Standalone results

• Audited standalone financial results approved for quarter and year ended March 31, 2026.
• Auditor opined the results give a true and fair view.

Consolidated results

• Audited consolidated financial results approved for quarter and year ended March 31, 2026.
• Group includes six entities, including four subsidiaries and two step-down subsidiaries.
• Auditor opined the consolidated results give a true and fair view.

Key audit matters

• Company holds subsidiary investments of Rs 2,579.57 crore, with recovery measures underway.
• Interest income of Rs 27.72 crore and Rs 112.43 crore was deferred for prudence.
• Debt restructuring plan was implemented during the year; results prepared on a going-concern basis.
• Comparative figures were retrospectively restated for Yield to Maturity and Right of Recompense obligations.

Meeting Details

• Board meeting scheduled for Friday, May 29, 2026.
• Audit Committee meeting will be held the same day before the Board meeting.

Key Agenda Items

• Approve audited standalone and consolidated financial results for year ended March 31, 2026.
• Approve standalone and consolidated annual financial statements and auditors' report.
• Consider Board's Report, including Management Discussion and Analysis Report.
• Consider Business Responsibility and Sustainability Report and Corporate Governance Report.
• Recommend dividend, if any, for year ended March 31, 2026.
• Approve notice for the 94th Annual General Meeting.

Other Notes

• Trading window remains closed until 48 hours after results announcement.