Bajaj Hindusthan Sugar Limited (BHSL) on Friday informed the stock exchanges that its lenders have officially signed the Inter Creditor Agreement (ICA) on April 28, 2025, as part of the debt resolution framework under the relevant Reserve Bank of India (RBI) circular.
The communication was received by the company from State Bank of India on May 1, 2025, and has been disclosed in compliance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
This ICA marks a key step forward in resolving BHSL’s outstanding debt issues, enabling a coordinated approach among lenders. The agreement allows banks and financial institutions to work together on restructuring strategies while maintaining collective oversight and decision-making power.
The company has not disclosed the total amount involved under the resolution plan or details of the restructuring process yet.
Disclaimer: The information provided is based on stock exchange disclosures and should not be considered financial or investment advice.