Bajaj Hindusthan Sugar Limited — Important, 01-04-2025: Updates

Bajaj Hindusthan Sugar Limited has disclosed information regarding Optionally Convertible Debentures (OCDs) issued to lenders, evidencing a default situation. Currently, the company faces a default amount of ₹267.94 Cr in principal and ₹87.08 Cr in interest on the total issued debt of ₹3,483.25 Cr. The debt, which was restructured in December 2017, has a tenure of 20 years with a coupon rate of 2.50% for FY 25. The debentures are secured, and designed to convert to equity shares if default continues. As discussions with lenders regarding restructuring are in advanced stages, this could have significant implications for both the company’s financial position and shareholder value. Investors should monitor the situation closely as it develops.