Approved the execution of Loan Agreement with Dadiji Snacks Private Limited, CMU of the Company
BIKAJI · price
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Bikaji Foods International Ltd's Board approved multiple items at its May 21, 2026 meeting. Key decisions include re-appointment of Chairman & MD Deepak Agarwal and Whole-Time Director Shweta Agarwal for 3 years from Feb 2027, along with four Independent Directors for renewed terms. The company also approved additional investment of up to USD 5 million in its US subsidiary (Bikaji USA), acquisition of 74% stake in Jai Barbareek Dev Snacks Private Limited for ₹1.48 lakh, investment of ₹5 crore in its wholly-owned subsidiary Bikaji Bakes via Optionally Convertible Debentures, and execution of a ₹5 crore loan agreement with Dadiji Snacks Private Limited (its CMU). Corporate guarantees of ₹59 crore for JBDSPL and ₹5 crore for associate Bhujialalji Private Limited were also approved.
This announcement reflects continued expansion of manufacturing capacity and distribution reach. The acquisitions and subsidiary investments indicate growth-oriented strategy, though the corporate guarantees create contingent liabilities. Shareholders should note the concentration of promoter-family leadership continuing for another 3 years.