Bikaji Foods International Limited has informed the Exchange regarding Re-appointment of Mr Siraj Azmat Chaudhry as Non- Executive Independent Director of the company w.e.f. August 24, 2026.
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Bikaji Foods International Limited's Board meeting on May 21, 2026 approved several matters. The Board recommended re-appointment of Chairman and Managing Director Mr. Deepak Agarwal and Whole-Time Director Mrs. Shweta Agarwal (spouses) for a further 3-year term from February 2027 to January 2030, subject to shareholder approval at the 31st AGM. Four Non-Executive Independent Directors — Mr. Nikhil Kishorchandra Vora, Mr. Pulkit Anilkumar Bachhawat, Mrs. Richa Manoj Goyal, and Mr. Siraj Azmat Chaudhry — were also recommended for re-appointment for second terms of 5 years. Additionally, the company approved: investment of up to $5 million (USD) in its US subsidiary for a manufacturing plant; acquisition of 74% stake in Jai Barbareek Dev Snacks Private Limited for ₹1.48 lakh (turnover ₹19.81 crore in FY25); investment of ₹5 crore in its wholly-owned subsidiary Bikaji Bakes Private Limited via optionally convertible debentures; a loan of ₹5 crore to Dadiji Snacks Private Limited (CMU); and corporate guarantees of ₹59 crore for a new subsidiary and ₹5 crore for an associate.
The board's continuity signals stable leadership, and the expansion into a new subsidiary and bakery segment shows strategic growth intent. However, the ₹59 crore corporate guarantee for the newly acquired subsidiary increases contingent liabilities for shareholders.