Bikaji Foods International Limited has informed the Exchange about Agreements -Approved the Joint Venture cum Shareholders Agreement to be entered into between the Company and C. G. Foods Nepal Limited
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Bikaji Foods' board approved three items at its July 23, 2025 meeting. First, a Joint Venture cum Shareholders Agreement with C.G. Foods Nepal Limited to set up a 50:50 joint venture company in Nepal for manufacturing, trading and marketing of snacks, namkeen, bhujia, papad and packaged sweets under the Bikaji and CG brands. Second, incorporation of a wholly-owned Section 8 non-profit company called 'Bikaji Foundation' to handle CSR activities. Third, a ₹5 Crore unsecured loan to its wholly-owned subsidiary Bikaji Bakes Private Limited for working capital needs, repayable over up to 60 months. The JV will be equally owned and managed with equal board representation from both partners.
The Nepal JV marks Bikaji's international expansion into a neighbouring market using its core brand and product line, which could drive future revenue diversification, though near-term financial impact is limited as the venture is still to be incorporated. The foundation and subsidiary loan are routine corporate housekeeping and unlikely to move the stock.