Bikaji Foods International Limited has informed the Exchange regarding Re-appointment of Mrs Shweta Agarwal as Whole-Time Director of the company w.e.f. February 01, 2027.
BIKAJI · price
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Bikaji Foods International Limited's Board has recommended re-appointments of key directors effective February 2027: Mr. Deepak Agarwal as Chairman and Managing Director and Mrs. Shweta Agarwal as Whole-Time Director (both spouses and promoters), each for 3 years subject to shareholder approval. Four independent directors are also being re-appointed for second terms. The company designated three senior management personnel (Sameer Bhadauria, Amrit Chaudhary, Simran Dhingra). Additionally, the company approved investing up to $50 lakh in its US subsidiary for a manufacturing plant, acquiring 74% stake in Jai Barbareek Dev Snacks Private Limited for ₹1.48 lakh (a contract manufacturer), investing ₹5 crore in its wholly-owned bakery subsidiary Bikaji Bakes Private Limited, and granting a ₹5 crore loan to contract manufacturer Dadiji Snacks Private Limited. Corporate guarantees of ₹59 crore and ₹5 crore were also approved for subsidiaries and an associate.
Continuity in leadership for the ethnic snacks company. The acquisitions and investments signal expansion in domestic contract manufacturing and international markets, with minimal impact on the parent company's financials from the guarantees.