Bikaji Foods International Limited has informed the Exchange about Approval of the Investment in Bikaji Bakes Private Limited, Wholly-Owned Subsidiary of the Company
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Bikaji Foods International's Board meeting on May 21, 2026 approved several key decisions: (1) Investment of Rs 5 crore in Bikaji Bakes Private Limited (WOS) via Optionally Convertible Debentures for bakery products manufacturing; (2) Acquisition of 74% stake in Jai Barbareek Dev Snacks Private Limited for Rs 1.48 lakh, making it a subsidiary with Rs 19.81 crore turnover; (3) Additional investment of USD 50 lakh in USA subsidiary to set up a manufacturing plant; (4) Rs 5 crore loan to contract manufacturer Dadiji Snacks Private Limited; and (5) Corporate guarantees of Rs 59 crore for new subsidiary and Rs 5 crore for associate Bhujialalji. The Board also recommended re-appointment of key directors including CMD Deepak Agarwal for 3 years.
The acquisition of JBDSPL and capital infusion into US operations indicate geographic and product category expansion, which could drive future revenue growth. The Rs 64 crore in contingent liabilities through corporate guarantees increases off-balance sheet exposure for shareholders to monitor.