Held on 27 October 2017
The Board of Bajaj Hindusthan Sugar at its meeting held on 27 October 2017 has transacted the following -Approved the increase in authorised share capital from Rs 271 crore to Rs 500 crore and consequential amendments to Memorandum of Association of the Company.
Approved for conversion of loan by lenders into optionally convertible debentures / optionally convertible preference shares of the Company in accordance with the resolution plan for outstanding debts formulated by the lenders of the Company within the scheme for S4A Scheme issued by the RBI.
Approval for offer, issue and allotment of optionally convertible debentures/ optionally convertible preference shares of face value of Rs 100 each on preferential basis pursuant to implementation of the BHSL S4A scheme.
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