Approved the Investment in Jai Barbareek Dev Snacks Private Limited
BIKAJI · price
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Bikaji Foods International's Board of Directors met on May 21, 2026 and approved multiple strategic decisions. The key highlight is acquiring a 74% stake in Jai Barbareek Dev Snacks Private Limited (JBDSPL) for ₹1.48 lakh by purchasing 14,800 equity shares. JBDSPL is a snacks manufacturing company in Chhattisgarh with FY25 turnover of ₹19.81 crore, and it currently provides contract manufacturing services to Bikaji. Post-acquisition, JBDSPL will become a subsidiary of Bikaji. Additionally, the board approved ₹5 crore investment in wholly-owned subsidiary Bikaji Bakes Private Limited via optionally convertible debentures, a ₹5 crore loan to contract manufacturing unit Dadiji Snacks Private Limited, and corporate guarantees of ₹59 crore for JBDSPL and ₹5 crore for associate Bhujialalji Private Limited. The board also re-appointed key directors including Chairman Deepak Agarwal and Whole-Time Director Shweta Agarwal for three-year terms from February 2027.
The acquisition of JBDSPL gives Bikaji ownership and control over its Chhattisgarh contract manufacturer, which could improve supply chain efficiency and expand regional presence. However, the ₹59 crore corporate guarantee for JBDSPL represents contingent liability exposure for shareholders to monitor.