StockWatch
·
Sugar
Regulatory13 Aug 2026, 04:13 pm

Bajaj Hindusthan Sugar Files Deviation Statement for Q1 FY27

AI Summary

Bajaj Hindusthan Sugar Ltd has filed a statement of deviation and variation for the quarter ended June 30, 2026, concerning the preferential issue of 1,67,23,565 equity shares and 44,56,67,369 Compulsorily Convertible Preference Shares (CCPS). These were issued upon conversion of loan in accordance with a "Resolution Plan". The company stated that there was no deviation or variation in the utilization of funds raised, as the entire amount raised was utilized for the conversion of loans into equity as per the resolution plan for restructuring of lender loans. The filing is in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Key Highlights

  • Statement of deviation filed for preferential issue of equity and CCPS.
  • Funds raised were fully utilized for loan conversion to equity.
  • No deviation reported in fund utilization for the quarter.
  • Filing pertains to the resolution plan for loan restructuring.
  • Compliance with SEBI LODR Regulations, 2015.