Bikaji Foods International Limited has informed the Exchange about Approved of the Investment in Jai Barbareek Dev Snacks Private Limited
BIKAJI · price
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Bikaji Foods International Limited's Board meeting on May 21, 2026 approved multiple items. Key decisions include: (1) Re-appointment of Chairman and MD Mr. Deepak Agarwal and Whole-Time Director Mrs. Shweta Agarwal for 3 years from Feb 2027, along with 4 Independent Directors for second terms; (2) Acquisition of 74% stake in Jai Barbareek Dev Snacks Private Limited (JBDSPL) for ₹1.48 lakh, making it a subsidiary. JBDSPL is a snacks manufacturer with FY25 turnover of ₹19.81 crore; (3) Additional investment of up to $50 lakh in US subsidiary Bikaji Foods International USA Corp for setting up a manufacturing plant; (4) Investment of up to ₹5 crore in WOS Bikaji Bakes Private Limited via Optionally Convertible Debentures for bakery business; (5) Loan of ₹5 crore to contract manufacturer Dadiji Snacks Private Limited at 8% interest; (6) Corporate guarantees of ₹59 crore for JBDSPL and ₹5 crore for associate Bhujialalji Private Limited to HDFC Bank.
The acquisition of JBDSPL (74% stake) expands Bikaji's manufacturing footprint in Chhattisgarh and will consolidate the company's contract manufacturing operations. The ₹59 crore guarantee represents contingent liability for shareholders. Overall, these moves signal continued expansion through vertical integration and new product categories.