Bikaji Foods International has announced Board approval for key investments and loans aimed at expansion. These include an additional investment of ₹35,98,998 in Petunt Food Processors, making it a wholly-owned subsidiary, and $5,00,000 in Bikaji Foods International USA Corp. Additionally, loans of ₹4,00,00,000 and ₹2,50,00,000 have been approved for Petunt Food Processors and Dadiji Snacks respectively, furthering growth and streamlining operations.
Petunt Food Processors Investment
The Board has approved an additional investment in Petunt Food Processors Private Limited (PFPPL) through the acquisition of 35,98,998 equity shares, each with a face value of ₹10. This acquisition, valued at ₹8,00,00,000 will increase Bikaji’s stake to 100%, converting PFPPL into a wholly-owned subsidiary. PFPPL’s turnover for the financial year ended March 31, 2025, was ₹52.07 Crore. The acquisition is expected to consolidate the Company’s holding and improve control over PFPPL’s operations.
Bikaji Foods International USA Corp Investment
An additional investment of $5,00,000 has been approved for Bikaji Foods International USA Corp in the form of 50,000 common stock. The turnover for the period ended March 31, 2025, was $17,69,792. This investment aims to accelerate business growth and strengthen distribution in the USA.
Loan to Petunt Food Processors
A loan of ₹4,00,00,000 has been approved for Petunt Food Processors Private Limited to meet its working capital requirements. The interest rate is set at 8% per annum, with a maximum repayment period of 60 months. The amount of loan outstanding as of the date of disclosure is ₹13,78,75,000.
Loan to Dadiji Snacks Private Limited
A loan of ₹2,50,00,000 has been approved for Dadiji Snacks Private Limited to cover expenses related to a fire incident. The interest rate is 8% per annum with a maximum repayment period of 60 months. The amount of loan outstanding as on date of disclosure is ₹9,69,46,005.
Source: BSE
