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 Jai Barbareek Dev Snacks Private Limited, a Subsidiary of the Company (Post-Acquisition of 14,800 Equity Shares Of JBDSPL)
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Bikaji Foods International's Board approved 13 items at its May 21, 2026 meeting. Key resolutions include re-appointing Chairman and MD Deepak Agarwal and Whole-Time Director Shweta Agarwal for 3-year terms from February 2027, and four Independent Directors for second terms. The Board approved an additional investment of up to $50 lakh (₹4.25 crore) in its US subsidiary Bikaji Foods International USA Corp to set up a manufacturing plant. It also approved acquiring a 74% stake in Jai Barbareek Dev Snacks Private Limited (JBDSPL) for ₹1.48 lakh, making it a subsidiary with ₹19.81 crore FY25 turnover. ₹5 crore was approved for investment in Bikaji Bakes Private Limited via Optionally Convertible Debentures, and a ₹5 crore loan was sanctioned to Dadiji Snacks Private Limited (CMU) at 8% interest for working capital. Two corporate guarantees were approved: ₹59 crore for JBDSPL and ₹5 crore for Bhujialalji Private Limited (associate), both in favour of HDFC Bank.
The expansion into the US market and acquisition of JBDSPL signals strategic growth but the ₹64 crore in corporate guarantees (₹59 crore + ₹5 crore) represents a contingent liability for Bikaji, which investors should monitor for off-balance-sheet risk.