BIKAJI FOODS INTERNATIONAL LIMITED has announced the sale of its 30% equity stake in Bikaji Bakes Private Limited (BBPL), a formerly wholly-owned subsidiary. The buyer is Mr. Thayekunni Khaleel. Following this transaction, BBPL is no longer a wholly-owned subsidiary but will remain a subsidiary of BIKAJI, with the company retaining a 70% equity stake. The sale consideration was ₹30,000, and the transaction was conducted on an arm’s length basis.
BIKAJI Divests Partial Stake in Subsidiary
BIKAJI FOODS INTERNATIONAL LIMITED (BIKAJI) has completed the sale of a 30% equity stake in its subsidiary, Bikaji Bakes Private Limited (BBPL). The transaction, finalized on August 26, 2026, involved the sale of shares to Mr. Thayekunni Khaleel. This strategic divestment means BBPL will no longer be a wholly-owned subsidiary (WOS) of BIKAJI.
Retained Control and Future Outlook
Despite the stake sale, BIKAJI will continue to hold a significant 70% equity stake in BBPL. Consequently, BBPL will maintain its status as a subsidiary of BIKAJI. The sale was executed for a consideration of ₹30,000. The company has confirmed that this transaction was conducted on an arm’s length basis, aligning with regulatory requirements.
Financial Impact and Subsidiary Details
For the financial year ended March 31, 2026, BBPL reported a turnover and revenue of NIL, with an income of ₹319.83 thousand and a net worth of (₹6,128.46 thousand). These figures represent a negligible contribution to BIKAJI’s consolidated income and net worth, indicating that BBPL is considered a non-material subsidiary.
Regulatory Compliance
The disclosure is made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information regarding this transaction will also be hosted on the BIKAJI website, www.bikaji.com.
Source: BSE
