Bajaj Hindusthan Sugar Limited's Committee of Directors has allotted 98,89,37,706 Series A 0.01% Compulsorily Convertible Preference Shares (CCPS) of Re.1/- face value each.

These shares, aggregating to Rs. 98.89 Crore, were issued at par on a preferential basis to UCO Bank.

This action is part of a resolution plan, converting existing loans into preference shares.

This move helps de-lever the company's balance sheet by reducing debt, a positive step for its financial restructuring and long-term stability.