Bikaji Foods International Limited has informed the Exchange regarding Change in Director(s) of the company.
BIKAJI · price
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Bikaji Foods International Limited's board meeting on May 21, 2026 approved several items. The board recommended re-appointing Chairman and Managing Director Mr. Deepak Agarwal and Whole-Time Director Mrs. Shweta Agarwal for another 3-year term from February 2027. Four Independent Directors (Nikhil Vora, Pulkit Bachhawat, Richa Goyal, and Siraj Chaudhry) were also recommended for second terms of 5 years. Three senior management personnel were designated (Sameer Bhadauria, Amrit Chaudhary, Simran Dhingra). Key investments include additional investment of $50 lakh in US subsidiary, acquisition of 74% stake in Jai Barbareek Dev Snacks Private Limited for Rs 1.48 lakh, and Rs 5 crore investment in Bikaji Bakes Private Limited. The company also approved a Rs 5 crore loan to contract manufacturer Dadiji Snacks Private Limited and corporate guarantees of Rs 59 crore for JBDSPL and Rs 5 crore for Bhujialalji Private Limited.
The re-appointments ensure leadership continuity at Bikaji Foods. The acquisitions and investments signal continued expansion in snacks manufacturing and bakery products, potentially boosting future revenue streams. However, the Rs 64 crore in corporate guarantees represent contingent liabilities that could impact shareholders if invoked.