Bikaji Foods International Limited has informed the Exchange regarding Re-appointment of Mr Pulkit Anilkumar Bachhawat as Non- Executive Independent Director of the company w.e.f. December 08, 2026.
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Bikaji Foods' Board meeting on May 21, 2026 approved multiple items. Six Directors are being recommended for re-appointment at the 31st AGM: Chairman & MD Deepak Agarwal and Whole-Time Director Shweta Agarwal (both from Feb 2027 for 3 years), and four Independent Directors — Pulkit Bachhawat, Nikhil Vora, Richa Goyal, and Siraj Chaudhry (for second terms of 5 years from late 2026/2024). Three senior management personnel were designated. Key financial moves include $50 lakh additional investment in US subsidiary Bikaji Foods International USA Corp (for a manufacturing plant), acquisition of 74% stake in Jai Barbareek Dev Snacks Private Limited for ₹1.48 lakh (a Chhattisgarh snacks maker with ₹19.81 crore FY25 turnover), ₹5 crore investment in wholly-owned bakery subsidiary Bikaji Bakes Private Limited via OCDs, a ₹5 crore loan to contract manufacturer Dadiji Snacks Private Limited, and corporate guarantees of ₹59 crore for the new subsidiary and ₹5 crore for associate Bhujialalji Private Limited (both with HDFC Bank).
Board continuity is maintained with the Agarwal family continuing to lead the company. The acquisition of JBDSPL and expansion into bakery products signal growth intent, while the multiple related-party transactions and corporate guarantees will require shareholder scrutiny at the AGM.