Pursuant to Regulation 32 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, please find ....

August 13, 2026 DCS-CRD National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor First Floor, New Trade Wing Plot no. C/1, G Block Rotunda Building Sandra Kurla Complex Phiroze Jeejeebhoy Towers, Dalal Street Sandra (East) Fort, Mumbai 400 023 Mumbai 400051 Stock Code: 500032 Stock Code: BAJAJHIND Dear Sirs, Sub: Statement of deviation and variation under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, please find enclosed herewith the statement of deviation and variation for the quarter ended June 30, 2026 in respect of issue of 1,67,23,565 equity shares and 44,56,67,369 Compulsorily Convertible Preference Shares (CCPS) on preferential basis upon conversion of loan in accordance with the "Resolution Plan". Kindly take the same on record. Thanking you, Yours faithfully, For Bajaj Hindusthan Sugar Limited Kausik Adhikari Company Secretary & Compliance Officer (Membership No. ACS 18556) Encl: As above BajaJ Hmdusthan Sugar Ltd. J 8o 'I > d trcl < or. J.Jmr .Jidl 8J>Jj \tary. ?26 1\,· rr ""Po, I Morr b.l> t.O:l ( 2' l · II 7. ..u d626. ILd'•• I 0 t-ax + 11 22 271,22238 Regd Olilce GnlagokJranna:h L 3k'· or-.r Khefl, 81.: cl Kher· J'l·l• PrJd<"'h 26.' lr•l il 5876 23)75,1'>/718. >~140< Fax ·•' 5Ah 2331.01 nvC'sturcorrtll• nt fi b. . lJ .... ,hrdL;th.Jr em VVds•l- \'.r..vw_l,.1f.1Jhmd~..)tli,)rl._o·r 1 tiN ll .... .t.211J,> fl ... PL"'Jtt 141 bajaj SUGAR Annexure~A Statement of Deviation I Variation in utilisation of funds raised Name of listed entity Bajaj Hindusthan Sugar Limited Mode of Fund Raising Public Issues I Preferential issue Rights Issues I Preferential Issues I QIP I Others Date of Raising Funds 01.04.2026 Amount Raised Details of allotment of Equity Shares and Compulsorily Convertible Preference Shares (CCPS) to the Lenderls of the Company on Preferential basis upon conversion of loan in accordance with the "Resolution Plan" are given in Annexure Report filed for Quarter ended June 30, 2026 Monitoring Agency Applicable I Not Not Applicable Applicable Monitoring Agency Name, if applicable Not Applicable Is there a Deviation I Variation in use Yes I No No of funds raised If yes, whether the same is pursuant Not Applicable to change in terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation I Not Applicable Variation Comments of the Audit Committee None after review Comments of the auditors, if any Not Applicable Objects for which funds have been raised and where there has been a deviation, in the following table Original Object Modified Original Modified Funds Amount of Remarks if Object, Allocation allocation, Utilised Deviation/ any if any if any Variation for the quarter according to applicable object Object as per the Not ~ 8,56,24,6531- Not ~ 8,56,24,6531- Not Entire General Meeting applicable applicable applicable amount of ~ Notice: The 8,56,24,653/ object of the has been issue is to comply utilized for with the conversion of IB f3SP;' ·tio_n P.Jan .. • loan to equity Of! I bd 81·: v. •'1. 'n ,-"laid I BJiclj M ng. "-{.(; Nd! ... -., POI11, ,.,.h nbl~l 4 l ' -'-' 1 £ .CiUL,,IVL '0t.C'~6~ ..J r-3X +<fl 22 2202'2L38 l;-gd. Off,, e G~.aq-~a·.lnnoth. Lakh'""P"' Kl c~1. D~>t. ct KI·~••.Ultc• Pr desh ,_A_ 802 el + 91 5816·233754/5/7/8 dJ"CJ 1 Fax ·~· 5876 21Jl,Q1 bajaj SUGAR .., Original Object Modified Original Modified Funds Amount of 1 Remarks if Object, Allocation allocation, Utilised Deviation/ any if any if any Variation for the quarter according to applicable object and therefore for restructuring nothing is of loans of the Lenders in pending for utilization. accordance with RBI Prudential Framework. In accordance with the Resolution Plan, the Company proposes to issue and allot equity shares of the Company to the Lenders by converting the part of YTM owed by the Company, so that the total shareholding of the Lenders will not exceed 50% of the paid-up capital post conversion.* Object as per the l Not ~ 44,56,67,369/- Not ~ 44,56,67,369/- Not IEntire amoun~ General Meeting applicable applicable applicable 1 of~ 44,56,67,369/ Notice: The -has been object of the utilized for issue is to comply conversion of with the loan to equity Resolution Plan for restructuring I and therefore of loans from the I i nothing is pending for Lenders in accordance with utilization. RBI Prudential Framework. In accordance with the Resolution plan, the Company proposes to issue and allot BaJat Hmdusthan Sugar Ltd I J T r 31 l JJ ~~ r l U6 "< ,. ' lt."l ,.. • LL &.LU£ )QLO, 'L -4L J hx +9 , < h 1 2d~ Rrgd Off•rc C.rldC k drPalt Jkh,,-,p \1lcn. 'l1<' 1Cl K~er l • dl 26' • Tel ,QJ 5!S76l>Jl'>i. 1 ,>! <l•fJ F x ·91 < lb d~4C.l tnVC tor VI 1: lll'" r dh ~tJhl ::fu • l baj~ SUGAR ' Original Object Modified Original Modified Funds Amount of Remarks if Object, Allocation allocation, Utilised Deviation/ any if any if any Variation for the quarter according to applicable object Compulsorily Convertible Preference Shares (CCPS) of the Company to the Lenders by converting the outstanding loans (part of YTM and RoR).* Dev1at1on or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc. For Bajaj Hindusthan Sugar Limited Kausik Adhikari Company Secretary & Date: August 13, 2026 Compliance Officer Place: Mumbai (Membership No. ACS 18556) *Note: The Company entered into a Framework Agreement with the OCD Lenders on March 26, 2026 for restructuring of Optionally Convertible Debentures ("OCDs"}, Yield to Maturity ("YTM"} on the outstanding OCDs and the Right of Recompense ("ROR") in accordance with RBI Prudential Framework under Resolution Plan. As per Resolution Plan, during the quarter ended June 30, 2026, the Company had allotted 1,67,23,565 equity shares of Re.1/- each at a price of Rs.5.12 per share (including Rs.4.12 premium) and 44,56,67,369 Compulsorily Convertible Preference Shares (CCPS) of Re.1/- each to the Lender/s of the Company on Preferential basis upon conversion of loan in accordance with the "Resolution Plan". Ba1a1 Hond• sthan Sugar Ltd. Qf ~ B 1. nd c r 11~1 a1~ B. J r..1)rg £f. Nan~' F 1r1 Mur ~ 0._1 l£ ·"9" Ll O..A.- ",1- 1.L.c..42, c X ... 'fl }£ )L(l L. J Rcqd r oJ) JO df Jill ' rnpur K~·ro. )i<lr ' '\h 'l,l tldl Frdd£ r t> .. UL T •I' st.ll~G· 8lll4\l' Fdx "' ~!]6/ )4' lf"IV( I ,.., Jrr, l . ... I h-i.~-t1 'l ro- \Veb ..... tP \WNI t; ) ~ j t "" orr IN ~,..1 4L ur 1 p (.. J,t::;,.. ~ baj~ SUGAR Annexure-1 Sr. Name of the Allottee Amount No. of Equity Amount No. of CCPS No. converted to shares allotted converted to shares allotted Equity CCPS 1 Bank of India 8,56,24,653 1,67,23,565 44,56,67,369 44,56,67,369 Total 8,56,24,653 1,67,23,565 44,56,67,369 44,56,67,369 The object of the issue is to comply with the Resolution Plan for restructuring of loans of the Lenders in accordance with RBI Prudential Framework. In accordance with the Resolution Plan, the Company allotted equity shares to the Lenders by converting the part of YTM owed by the Company, so that the total shareholding of the Lenders will not exceed 50% of the paid-up capital post conversion and also allotted Compulsorily Convertible Preference Shares (CCPS) by converting the outstanding loans (part of YTM and RoR). The funds have been utilized for conversion of loan into equity and Compulsorily Convertible Preference Shares in accordance with the "Resolution Plan" and therefore nothing is pending for utilisation. BaJaJ Hindusthan Sugar Ltd. n f E.. Bh ·' J'l, £nd t-(!0 )dmn I t 8dJt.lJ Mdr} £i6 Nlrlf"l• [Showing first 8,000 characters — download PDF for full document]