Bajaj Sugar Share Price: ₹13,000 Cr Ka Plan! Kya Bach Paayegi Company?

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AuthorRiya Kapoor|Published at:
Bajaj Sugar Share Price: ₹13,000 Cr Ka Plan! Kya Bach Paayegi Company?
Overview

Arre yaar, Bajaj Hindusthan Sugar ke liye badi khabar hai! Company ne ek EGM bulaayi hai, March 10, 2026 ko. Yahan pe wo shareholders se **₹13,000 Crore** ka paisa raise karne ka plan approve karwana chahte hain. Aur toh aur, lenders ka jo **₹3,400 Crore** se zyada ka loan hai, usko equity mein convert karne ka bhi plan hai. Isse promoters ki holding kam ho jayegi aur lenders ka control badh jayega. Company sach mein bahut badi financial trouble mein hai.

Toh bhai, EGM ka agenda kya hai exactly? Matlab, company kitni badi problem mein hai aur ye plan kaise kaam karega?

Sabse pehle toh, ye log company ka authorised share capital ₹500 Crore se badha kar ₹13,000 Crore karne wale hain. Socho, itna bada jump! Ye sab isliye kar rahe hain taaki debt ko equity mein convert kar saken.

Ab dekho, lenders ka jo karib ₹570.03 Crore ka loan hai (khaas kar OCDs wala), woh equity shares mein badal jayega. Aur ye shares kis price pe? Sirf ₹5.12 per share pe! Matlab company ki valuation abhi sahi nahi hai. Is conversion ke baad, lenders ke paas company ki lagbhag 48.95% equity aa jayegi.

Phir, bacha hua ₹2855.54 Crore ka debt CCPS (Compulsorily Convertible Preference Shares) mein convert hoga. In CCPS par saalana sirf 0.01% ka coupon milega aur ye 20 saal baad equity mein badal jayenge. Matlab lenders ka control aur pakka ho jayega.

Company khud maan rahi hai ki unki situation cash flow ke maamle mein theek nahi hai, operating margins par pressure hai aur liquidity ki bhi bahut dikkat hai. Isi wajah se debt obligations time pe pura karna mushkil ho raha hai.

Sabse bada hit padega existing shareholders ko, khaas kar promoters ko. Unki holding jo abhi 24.95% hai, woh ghata kar sirf 13.33% reh jayegi. Matlab, company mein unka hissa kaafi kam ho jayega.

Aisa pehli baar nahi ho raha hai ki Bajaj Sugar financial mushkilat mein ho. Pehle bhi 2017 mein S4A scheme ke under restructuring hui thi, aur 2022 mein toh SBI ne insolvency petition bhi daal di thi (jo baad mein band ho gayi thi). SEBI ne bhi disclosure mein gadbad karne par ₹10 Lakhs ka fine lagaya tha.

Toh ab sab kuch EGM mein shareholders ke approval par depend karta hai. Agar ye plan pass ho gaya, toh shayad company ki financial situation thodi stable ho sakti hai aur liquidity ki problem solve ho sakti hai. Dekhte hain kya hota hai.

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