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 meeting on May 21, 2026 approved several strategic moves. Key decisions include: (1) Re-appointment of CMD Deepak Agarwal and Whole-Time Director Shweta Agarwal for 3 years from Feb 2027, along with 4 independent directors for second terms; (2) Investment of $50 lakh in US subsidiary Bikaji Foods International USA Corp for setting up a manufacturing plant; (3) Acquisition of 74% stake in Jai Barbareek Dev Snacks Private Limited (JBDSPL) for ₹1.48 lakh, making it a subsidiary with ₹19.81 crore turnover; (4) Investment of ₹5 crore via Optionally Convertible Debentures in Bikaji Bakes Private Limited (WOS); (5) ₹5 crore loan to contract manufacturer Dadiji Snacks Private Limited at 8% p.a.; (6) Corporate Guarantee of ₹59 crore for JBDSPL (subsidiary) and ₹5 crore for Bhujialalji Private Limited (associate) to HDFC Bank for their term loans and working capital facilities. The guarantees represent contingent liabilities to be disclosed in financial statements.
The acquisitions and investments expand Bikaji's operational footprint in snacks manufacturing and bakery products while the corporate guarantees to subsidiary and associate entities create contingent liabilities. Overall positive for business expansion but adds financial commitments of ₹64 crore in guarantees.