BAJAJHIND2025-01-012025-03-31BAJAJHIND2025-03-31BAJAJHIND2024-03-31BAJAJHIND2024-04-012025-03-31BAJAJHIND2025-01-012025-03-31in-capmkt:OtherExpenses1MemberBAJAJHIND2024-04-012025-03-31in-capmkt:OtherExpenses1MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments1MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments2MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments3MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments4MemberBAJAJHIND2024-04-012025-03-31in-capmkt:ReportableSegments1MemberBAJAJHIND2024-04-012025-03-31in-capmkt:ReportableSegments2MemberBAJAJHIND2024-04-012025-03-31in-capmkt:ReportableSegments3MemberBAJAJHIND2024-04-012025-03-31in-capmkt:ReportableSegments4MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments1MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments2MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments3MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments4MemberBAJAJHIND2024-04-012025-03-31in-capmkt:ReportableSegments1MemberBAJAJHIND2024-04-012025-03-31in-capmkt:ReportableSegments2MemberBAJAJHIND2024-04-012025-03-31in-capmkt:ReportableSegments3MemberBAJAJHIND2024-04-012025-03-31in-capmkt:ReportableSegments4MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments1MemberBAJAJHIND2025-03-31in-capmkt:ReportableSegments1MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments2MemberBAJAJHIND2025-03-31in-capmkt:ReportableSegments2MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments3MemberBAJAJHIND2025-03-31in-capmkt:ReportableSegments3MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments4MemberBAJAJHIND2025-03-31in-capmkt:ReportableSegments4MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments1MemberBAJAJHIND2025-03-31in-capmkt:ReportableSegments1MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments2MemberBAJAJHIND2025-03-31in-capmkt:ReportableSegments2MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments3MemberBAJAJHIND2025-03-31in-capmkt:ReportableSegments3MemberBAJAJHIND2025-01-012025-03-31in-capmkt:ReportableSegments4MemberBAJAJHIND2025-03-31in-capmkt:ReportableSegments4MemberBAJAJHIND2025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1BAJAJHIND2024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1BAJAJHIND2025-01-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss1BAJAJHIND2024-04-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss1BAJAJHIND2025-01-012025-03-31AuditorDomain1BAJAJHIND2025-01-012025-03-31in-capmkt:AuditedMemberBAJAJHIND2025-03-31in-capmkt:AuditedMemberBAJAJHIND2025-01-012025-03-31in-capmkt:AdjustedMemberBAJAJHIND2025-03-31in-capmkt:AdjustedMemberBAJAJHIND2025-01-012025-03-31OtherFinancialItemDomain1in-capmkt:AuditedMemberBAJAJHIND2025-01-012025-03-31OtherFinancialItemDomain1in-capmkt:AdjustedMemberBAJAJHIND2025-01-012025-03-31OtherFinancialItemDomain2in-capmkt:AuditedMemberBAJAJHIND2025-01-012025-03-31OtherFinancialItemDomain2in-capmkt:AdjustedMemberBAJAJHIND2025-01-012025-03-31AuditQualification1BAJAJHIND2025-01-012025-03-31AuditQualification2iso4217:INRiso4217:INRxbrli:shares500032BAJAJHINDNOTLISTEDINE306A01021Bajaj Hindusthan Sugar LimitedMain BoardEquity2024-04-012025-03-312025-05-292025-05-20INRCroresQuarterlyFourth quarterMulti segment2025-05-2911:30:002025-05-2914:15:00trueCash Flow IndirectStatement on impact of audit qualification2025-01-012025-03-31AuditedConsolidated155366000008600000015622600000234212000000-1396290000012813000002361000005313000001941100000134481000002174500000021745000000-2400000-2400000021769000002410000002410000002201000000-2536500000-3355000002202800000-1800000-333700000-1800000127740000011.7500.0201.770Notes <BR> <BR> For detailed notes (Sr. N. 1 to 7), please refer the signed Results submitted with the Stock Exchanges.2024-04-012025-03-31AuditedConsolidated5574760000018030000055927900000436103000000265400000407790000010290000002155400000489660000056034600000-1067000000-106700000047700000477000000-154400000-934000000-934000000-247800000-2536200000-2784000000-235700000-12100000-2771900000-121000001277400000140973600000-0.1200.070-0.050Other Expenses1941100000Other Expenses4896600000732546000001258000000011000000004268730000000607000004274800000001261600000117391100000267960000000107530000071180000023800000001810900000916000006645700000353442000001085000000152843800000124450000040973600000422181000009370000042311800000356117000000000356117000001142100000118937000000048647500000134700000500000354515000003545200000010403000003662700000024980100000272800000006187990000046000000110532000000152843800000Sugar18658200000Distillery2498800000Power4735300000Others106500000Sugar59053200000Distillery7052700000Power8644800000Others353400000259988000007510410000010462200000193565000001553660000055747600000Sugar1814200000Distillery197700000Power454600000Others-18000000Sugar94300000Distillery1285700000Power-151800000Others-227100000244850000010011000002361000001029000000138000001722000002198600000-200100000Sugar87959600000Distillery9521500000Power23307200000Others201720000012280550000030038200000152843700000Sugar38438300000Distillery674300000Power113800000Others246200000394726000007105940000011053200000003837000004628000000-123900000100000000-4945000000-4954000001455000002155400000-93400000-622000000007800000000000-55000000290000082500000191630000018096000000-1029000000-21700000130000000280390000000000000308700000206300000000000000000-32700000010000000022100000038100000195400000000000000272820000030000007870000000-28072000001921000000192100000519700000711800000Items that will not be reclassified to profit or loss-3321800000-3321800000Items that will not be reclassified to profit or loss-3321800000-3321800000-777800000-777800000Items that will be reclassified to profit or loss75000007500000Items that will be reclassified to profit or loss7800000780000000-2536500000-2536200000AuditedQualified opinionSidharth N Jain & Companytrue2027-07-3155927900000559279000005603460000063030600000-247800000-7243800000-0.19-5.82152843700000152843700000110532000000146382100000422180000006367900000Non Current BorrowingNon Current Borrowing3561170000030252900000Current BorrowingCurrent Borrowing1347000005493500000The non-provision of the contractual obligation related to the premium payable on Optionally Convertible Debentures (OCDs) issued to lenders pursuant to the Scheme for Sustainable Structuring of Stressed Assets (S4A Scheme). As per the terms, the Yield to Maturity (YTM), being the difference between the weighted average cost of borrowing and the coupon interest rate, is contractually payable as a redemption premium at the time of redemption of the OCDs, which are redeemable in 13 equal annual instalments commencing from the financial year 2024 25. The Group, however, considers such YTM/redemption premium as a contingent liability and has not provided for the same in the books of account for the year ended March 31, 2025, amounting to Rs 699.60 crores (Previous Year: Rs 622.68 crores). The aggregate unprovided liability for such YTM from the date of allotment of the OCDs up to March 31, 2025, amounts to Rs 3,585.01 crores. Qualified opinionSince how long continuingAs per the Master Framework Agreement (MFA) executed between the Company and Lenders on December 16, 2017 the Optionally Convertible Debentures (OCDs) shall carry a Yield to Maturity (YTM) at a yield rate on the principle amount, accruing on annual basis, starting from the allotment date. The redemption will start from the Financial Year 2024-25. <br></br> <br></br> In addition to the clause of the MFA quoted above it will be pertinent to note that another clause stated that upon occurrence of an Event of Default, the Debenture Trustee/ Monitoring Institution can issue a Conversion Notice for conversion of all of its outstanding OCDs into the equity shares of the Company. This clause contemplates conversions of all outstanding OCDs. The expression outstanding OCDs is not a defined expression unlike other expressions in the MFA. <br></br> <br></br> Thus, MFA provides that upon occurrence of an Event of Default, the Debenture Trustee/ Monitoring Institution may instruct the conversion of outstanding OCDs into equity shares. Since the expression used is outstanding and not Outstanding Amount OCDs, it can be construed that the conversion of OCDs will cover only the outstanding face value of the OCDs and will not include YTM. <br></br> <br></br> Having considered the clauses referred above, Clause regarding conversion does not suggest or indicate that the amount of YTM is required to be added to the Principle Amount of the OCDs for conversion of the OCDs into the equity shares of the Company at the time of the conversion. Accordingly, the management considers such YTM as contingent liability and has not provided the premium in the books of the Company. <br></br> <br></br> Given in Financial DetailsNot applicableGiven in Audit qualificationThe Group has classified the principal liability of Rs 535.88 crores relating to Optionally Convertible Debentures (OCDs) under Non-Current Borrowings. This amount includes the overdue instalment of Rs 267.94 crores for the financial year 202425 and the instalment due in the financial year 202526, despite the Company having defaulted on the payment of the first redemption instalment of Rs 267.94 crores, coupon interest of Rs 87.08 crores, and the applicable YTM component, all of which were due on March 31, 2025. In the absence of a formal waiver or approved restructuring agreement as at the balance sheet date, such amounts should have been classified under Current Liabilities in accordance with Ind AS 1. <br></br> Had the above YTM been recognised and the overdue borrowings classified correctly as current liabilities, the reported net loss for the year ended March 31, 2025 would have been Rs 724.38 crores instead of Rs 24.78 crores, and the net worth of the Group would have been Rs 636.79 crores instead of Rs 4,221.80 crores. Further, current liabilities would have been higher by Rs 535.88 crores, with a corresponding reduction in non-current liabilities. <br></br> Qualified opinionWhether appeared first timeThe Company has classified the debenture liability under Non-Current Borrowings, based on managements assessment and expectation of a successful restructuring outcome that would modify the repayment terms.Given in Financial DetailsNot applicableGiven in Audit qualificationMr. Ajay Kumar SharmaMr. Sunil Kumar OjhaMr. Shyam Sunder JangidMr. Sidharth JainLucknow2025-05-29