Bikaji Foods International Limited has informed the Exchange about Approval of the Issuance of Corporate Guarantee in favor of HDFC Bank Limited, on behalf of Bhujialalji Private Limited, an Associate of the Company
BIKAJI · price
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Bikaji Foods International's Board approved a packed agenda on May 21, 2026. Six key directors including CMD Deepak Agarwal and WTD Shweta Agarwal are recommended for re-appointment subject to shareholder approval at the 31st AGM. The company is acquiring 74% stake in Jai Barbareek Dev Snacks Private Limited (JBDSPL), a snacks manufacturer in Chhattisgarh with ₹19.81 crore turnover, for ₹1.48 lakh, making it a subsidiary. Additional investments include ₹5 crore in the wholly-owned bakery venture Bikaji Bakes Private Limited via OCDs, ₹5 crore loan to contract manufacturing unit Dadiji Snacks Private Limited, and $50 lakh additional investment in US subsidiary Bikaji Foods International USA Corp. Corporate guarantees of ₹59 crore (for JBDSPL subsidiary) and ₹5 crore (for associate Bhujialalji Private Limited) were approved with HDFC Bank.
Multiple expansion moves signal growth intent. The JBDSPL acquisition brings a regional snacks maker under the fold, and the US subsidiary investment supports international expansion. The corporate guarantees increase contingent liabilities. Shareholders should note the many related-party dimensions requiring arm's-length compliance.