Bikaji Foods International Limited has informed the Exchange about Acquisition - Further Investment in Bikaji Foods Retail Limited, Wholly Owned Subsidiary
BIKAJI · price
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Bikaji Foods International's board approved an additional investment of up to ₹15 crore in its wholly owned subsidiary Bikaji Foods Retail Limited (BFRL), which is set up for café, QSR, restaurant, food catering and kiosk businesses. Separately, the board approved ₹20 crore investment in Jai Barbareek Dev Snacks Private Limited through 2 crore Optionally Convertible Debentures, for debt repayment and investment purposes. Bikaji also divested its entire 51% stake in non-material subsidiary Bikaji Mega Food Park Private Limited to promoter group member Mrs. Shweta Agarwal for ₹51,000 (at face value), since the entity had nil turnover and negligible net worth. Additionally, the board appointed M/s V.M. & Associates and M/s S.K. Joshi & Associates as joint secretarial auditors for five years, and changed its registrar from MUFG Intime India to Beetal Financial & Computer Services.
The BFRL infusion signals a push into the café and QSR format and could expand Bikaji's revenue mix over time. The divestment of a non-material, loss-making subsidiary has negligible financial effect, and the debenture investment in a contract manufacturer strengthens supply chain ties rather than driving immediate earnings impact.