Bajaj Hindusthan Sugar's Committee of Directors has allotted 44,56,67,369 Series A 0.01% Compulsorily Convertible Preference Shares (CCPS) of Re.1 each, totaling Rs. 44.57 Crores, to its lender, Bank of India.

These shares were issued at par on a preferential basis by converting an existing loan as per a Resolution Plan.

This action completes the allotment process for all lenders, signifying a key step in the company's financial restructuring by converting debt into preference shares.