Approved the Investment in Bikaji Bakes Private Limited, Wholly-Owned Subsidiary of the Company
BIKAJI · price
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Bikaji Foods International's Board of Directors met on May 21, 2026 and approved several key decisions. The Board re-appointed 6 directors including Chairman and MD Mr. Deepak Agarwal and Whole-Time Director Mrs. Shweta Agarwal for 3-year terms. Four independent directors were also reappointed for second terms of 5 years. Three senior management personnel were designated including Mr. Sameer Bhadauria (VP-GT Sales), Mr. Amrit Chaudhary (VP-GT Sales), and Ms. Simran Dhingra (Head-Exports). Key investment approvals include ₹5 crore investment in Bikaji Bakes Private Limited (wholly-owned subsidiary for bakery products), $50 lakh investment in US subsidiary Bikaji Foods USA (for setting up a manufacturing plant), and acquisition of 74% stake in Jai Barbareek Dev Snacks Private Limited for ₹1.48 lakh. The Board also approved a ₹5 crore loan to contract manufacturer Dadiji Snacks and corporate guarantees of ₹59 crore (for new subsidiary JBDSPL) and ₹5 crore (for associate Bhujialalji).
The multiple investments signal Bikaji's expansion strategy into new product categories (bakery) and new geographies (USA). The JBDSPL acquisition strengthens backward integration in Chhattisgarh. However, the ₹59 crore corporate guarantee for the new subsidiary increases contingent liabilities for the company.