Bikaji Foods International Limited has informed the Exchange about Memorandum of Understanding/Agreements
BIKAJI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bikaji Foods' Board, at its meeting on July 23, 2025, approved three items. First, the incorporation of 'Bikaji Foundation,' a Section 8 non-profit company that will be a 100% wholly-owned subsidiary, aimed at running CSR programs. Second, a loan agreement of ₹5 crore with Bikaji Bakes Private Limited (its wholly-owned subsidiary) for working capital needs — the loan is unsecured, repayable over up to 60 months in tranches, with ₹1 crore already disbursed. Third, and most significantly, a 50:50 Joint Venture cum Shareholders Agreement with C.G. Foods Nepal Limited to set up a new company in Nepal for manufacturing, trading and marketing of snacks, namkeen, bhujia, papad, and packaged sweets in the Nepali market. Both partners will have equal board representation and will infuse capital as needed.
The Nepal JV is the standout item — it marks Bikaji's first overseas market entry and brings a strong local partner (C.G. Foods) to navigate the Nepali market, likely to be viewed positively by investors as a growth signal. The Foundation and intra-group loan are routine corporate actions with minimal stock impact.