Bikaji Foods International Limited has announced a series of strategic decisions following its Board meeting on May 21, 2026. The company has approved the re-appointment of key leadership personnel, including its Chairman and Managing Director, and finalized multiple expansion initiatives. These include significant capital investments in its USA subsidiary, the acquisition of a 74% stake in Jai Barbareek Dev Snacks Private Limited, and new investments in its bakery division to bolster production capacity.
Leadership Reappointments
The company has confirmed the re-appointment of its core leadership team to ensure continuity. Mr. Deepak Agarwal has been re-appointed as Chairman and Managing Director, and Mrs. Shweta Agarwal as a Whole-Time Director, both for a new 3-year term effective from February 1, 2027, to January 31, 2030. Additionally, the Board has re-appointed Independent Directors Mr. Nikhil Kishorchandra Vora, Mr. Pulkit Anilkumar Bachhawat, Mrs. Richa Manoj Goyal, and Mr. Siraj Azmat Chaudhry for a second term of 5 years, starting between late 2026 and 2031.
Strategic Acquisitions and Capital Investments
The Board has authorized several growth-oriented moves. The company will invest $5,000,000 (US Dollar Fifty Lakh) in its US-based wholly-owned subsidiary, Bikaji Foods International USA Corp, to establish a local manufacturing plant. Furthermore, Bikaji has approved the acquisition of a 74% stake in Jai Barbareek Dev Snacks Private Limited for ₹1.48 lakh. To support these operations, the company will issue corporate guarantees of ₹59 crore for Jai Barbareek Dev and ₹5 crore for Bhujialalji Private Limited.
Bakery Sector Expansion
Strengthening its footprint in the bakery segment, the company has approved a ₹5 crore investment in Bikaji Bakes Private Limited through the subscription of 50,00,000 Optionally Convertible Debentures (OCDs). This initiative is designed to scale up the manufacturing and marketing of bakery products, including croissants, breads, and pastries. Additionally, a new ₹5 crore working capital loan agreement has been executed with Dadiji Snacks Private Limited, a key contract manufacturing partner.
Senior Management Appointments
Recognizing the importance of organizational growth, the company has officially designated Mr. Sameer Bhadauria (Vice President – GT Sales), Mr. Amrit Chaudhary (Vice President – GT Sales), and Ms. Simran Dhingra (Head – Exports) as Senior Management Personnel, effective May 21, 2026.
Source: BSE
