Bajaj Hindusthan Sugar Ltd

Bajaj Hindusthan Sugar Ltd: Trading Window closed from October 01, 2026 and will remain closed till the expiry of 48 hours after the declaration of the Unaudited Financial Results for the second quarter ended on September 30, 2026

Appointment

• Appointed Priyanka Baya as Woman Independent Director for five-year term from Sep 16, 2026 to Sep 15, 2031.
• Approval pending.
• Profile: CA, CS, 25+ years’ cross-functional experience.
• Not related to Directors or KMP.

Cessation

• Cessation of Shalu Bhandari as Woman Independent Director on completion of two five-year terms, Sep 16, 2026.
• Reason: Completion of two consecutive five-year terms.
• Date of cessation: Sep 16, 2026.
• Not debarred from holding office.

Committee Reconstitution

• Committees reconstituted with effect from Sep 16, 2026: Audit, Nomination & Remuneration, Stakeholders Relationship, CSR.

AGM Details

• Date: 27 August 2026; mode: physical meeting.
• Venue: Conference Hall, Bajaj Hindusthan Sugar Limited, Golagokarannath, Uttar Pradesh.

Key Resolutions

• Item 4: Appointment of Dr. Anil Rishiraj as Director, Non-Executive, Non-Independent; ordinary; passed.
• Item 5: Appointment of Nand Lal Kalra as Independent Director for five years; special; passed.
• Item 6: Appointment of Sanoj Kumar Potdar as Director, Non-Executive, Nominee Director; ordinary; passed.

Voting Results

• Item 4 passed; ~99.98% in favour.
• Item 5 passed; ~99.98% in favour.
• Item 6 passed; ~99.97% in favour.

Director Changes

• Dr. Anil Rishiraj appointed Director; Non-Executive, Non-Independent; retirement by rotation.
• Nand Lal Kalra appointed Independent Director for five-year term (Aug 28, 2026–Aug 27, 2031).
• Sanoj Kumar Potdar appointed Director; Non-Executive, Nominee Director from Aug 28, 2026; retirement by rotation.

AGM Details

• Date and time: 27 August 2026 at 11:00 AM.
• Venue: Conference Hall, Bajaj Hindusthan Sugar Ltd., Lakhimpur-Kheri, UP.
• Mode: physical meeting with remote e-voting facility.
• Meeting concluded at 1:15 PM.

Resolutions

• Adoption of standalone and consolidated financial statements for 2025-26 (Ordinary).
• Re-appointment of Ajay Kumar Sharma as Managing Director (Ordinary).
• Ratification of remuneration payable to Cost Auditors for 2026-27 (Ordinary).
• Appointment of Dr. Anil Rishiraj as Director (Non-Executive, Non-Independent) (Ordinary).
• Appointment of Nand Lal Kalra as Independent Director for five years (Special).
• Appointment of Sanoj Kumar Potdar as Director (Non-Executive, Nominee Director) from July 18, 2026 (Ordinary).

Voting Status

• Resolution 1: voting results to be announced separately.
• Resolution 2: voting results to be announced separately.
• Resolution 3: voting results to be announced separately.
• Resolution 4: voting results to be announced separately.
• Resolution 5: voting results to be announced separately.
• Resolution 6: voting results to be announced separately.

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.

Key highlights

• Standalone PAT Rs 137.96 crore; prior year's loss Rs 751.14 crore.
• Consolidated PAT Rs 126.14 crore; prior year's loss Rs 779.09 crore.
• Consolidated revenue from operations Rs 5,454.76 crore.
• EBITDA (PBDIT) Rs 388.39 crore; margin improved YoY.
• Consolidated Basic EPS Rs 0.93; Diluted Rs 0.86.
• No dividend declared for the year.
• Debt restructuring completed; OCDs converted Rs 3,215.31 crore; RoR settled Rs 485.60 crore.
• YTM revised to 0.20% per annum; no further accrual.
• Promoter infusion Rs 1,000 crore.
• Promoter stake reduced to 13.43%.