Bikaji Foods International Limited has informed the Exchange regarding Change in Auditors of the company.
BIKAJI · price
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Awaiting price reaction for this filing.
Bikaji Foods' board, meeting on May 15, 2025, cleared several items. Two new Joint Secretarial Auditors — M/s V.M. & Associates and M/s S.K. Joshi & Associates — were appointed for a 5-year term (FY26–FY30), subject to shareholder approval. The company will invest up to ₹15 crore further into its wholly owned subsidiary Bikaji Foods Retail Limited, which runs the QSR/café/restaurant business. Additionally, up to ₹20 crore will be invested in Jai Barbareek Dev Snacks Pvt Ltd via 2 crore Optionally Convertible Debentures — this entity already does contract manufacturing for Bikaji. Bikaji also sold its entire 51% stake in non-material subsidiary Bikaji Mega Food Park Pvt Ltd (which had negligible turnover and negative net worth) to Mrs. Shweta Agarwal of the promoter group for a token ₹51,000. Finally, the Registrar & Share Transfer Agent is being changed from MUFG Intime India (formerly Link Intime) to Beetal Financial & Computer Services, with transition to be completed in due course.
Operationally minor for shareholders: the QSR and snacks investments signal continued expansion into food services and contract manufacturing, while the Mega Food Park divestment cleans up a loss-making, non-core subsidiary. The auditor and RTA changes are routine compliance housekeeping and unlikely to move the stock.