Bikaji Foods International Limited has informed the Exchange regarding Demise of Mr Shiv Ratan Agarwal, Chairman and Whole - Time Director of the company on April 23, 2026.

Key managerial personnel resignedDirector flagged a governance concernManagement Changes View source PDF Explain this filing

BIKAJI · price

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Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹686.00

prior close

₹691.55

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%+1.3% vs market

Packaged Foods peers, median of 37sector-0.3%+1.0% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Smallcap 250 and 1.0 pts more than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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UpDownMarket · Nifty Smallcap 250Sector · Packaged Foods peers, median of 37Pending

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AI summary

Bikaji Foods International has announced the death of its Founder, Promoter, Chairman and Whole-Time Director, Mr Shiv Ratan Agarwal, on April 23, 2026. Agarwal was instrumental in building the Bikaji brand from a traditional Bikaneri snacks business into an internationally recognized name. He had been guiding the company since its inception, contributing his strategic acumen and leadership. The company has expressed deep sorrow and committed to continuing his vision and maintaining the brand's goodwill. Under Regulation 31A(6)(c), he will cease to be a Promoter/Promoter Group member of the company following his demise.

Likely market impact

The sudden passing of the founder and chairman creates leadership uncertainty. As a key managerial person and controlling shareholder, this event may trigger near-term stock volatility until a successor is appointed to steer the company forward.