The Board of Directors at Bikaji Foods International Limited has approved additional investments, including $500,000 into its U.S. subsidiary. It also greenlit the acquisition of a 48.78% stake in Petunt Food Processors Private Limited (PFPPL), which will make PFPPL a wholly-owned subsidiary upon completion. The Board also approved loan agreements with subsidiaries, alongside approving unaudited financial results for Q2 FY26.
Key Investment Decisions
Bikaji Foods International Limited has committed an additional investment of $500,000 in its wholly-owned subsidiary, Bikaji Foods International USA Corp, through the allocation of 50,000 common stock shares. This investment aims to bolster the company’s international presence and support its growth initiatives in the United States.
Acquisition of Petunt Food Processors Private Limited
The Board has sanctioned the acquisition of 35,98,998 equity shares of Petunt Food Processors Private Limited (PFPPL), representing a 48.78% stake, from existing shareholders. This strategic move will result in PFPPL becoming a wholly-owned subsidiary of Bikaji Foods, pending the completion of the acquisition process. The acquisition is expected to strengthen Bikaji’s market position and expand its product offerings.
Loan Agreements Approved
The Board has approved two loan agreements designed to support business operations within the group:
- A loan of ₹4,00,00,000 to Petunt Food Processors Private Limited, a subsidiary of the company.
- A loan of ₹2,50,00,000 to Dadiji Snacks Private Limited, a contract manufacturing unit of the company.
Financial Results for Q2 FY26
The Board reviewed and approved the unaudited standalone and consolidated financial results for the quarter ended September 30, 2025 (Q2 FY26). The results are now publicly available and provide insights into the company’s performance during the period. The board has also taken note of the limited review report of said results.
Source: BSE
