Approved the issuance of Corporate Guarantee
BIKAJI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bikaji Foods International's Board approved multiple items on May 21, 2026. Key decisions include re-appointing Chairman & MD Deepak Agarwal and Whole-Time Director Shweta Agarwal for 3-year terms starting February 2027, plus 4 Independent Directors for 5-year terms. The company will invest up to $50 lakh in its US subsidiary (Bikaji Foods International USA Corp) to set up a manufacturing plant there. It is acquiring a 74% stake in Jai Barbareek Dev Snacks Private Limited for ₹1.48 lakh, making it a subsidiary. Additional investments include ₹5 crore in wholly-owned Bikaji Bakes Private Limited and ₹5 crore loan to contract manufacturer Dadiji Snacks Private Limited. Two corporate guarantees were approved: ₹59 crore for JBDSPL and ₹5 crore for associate Bhujialalji Private Limited, both to HDFC Bank.
The acquisitions and investments signal expansion into new product categories (bakery) and geographies (USA manufacturing). The ₹64 crore in corporate guarantees create contingent liabilities for Bikaji. Overall, these are growth-oriented moves that should strengthen the company's production capabilities and market reach.