Bikaji Foods International Limited has announced a series of strategic board re-appointments and new business investments. Key highlights include the extension of tenures for its top leadership, the acquisition of a 74% stake in Jai Barbareek Dev Snacks Private Limited, and fresh capital injections into its subsidiaries. These moves are aimed at bolstering production capabilities, expanding market presence in the ethnic snacks and bakery segments, and streamlining operations both in India and the United States.
Strengthening Leadership
The company has confirmed the re-appointment of its core leadership team. Mr. Deepak Agarwal continues as the Chairman and Managing Director, while Mrs. Shweta Agarwal remains a Whole-Time Director, both for a further term of 3 years effective from February 1, 2027, to January 31, 2030. Additionally, the board has re-appointed several independent directors, including Mr. Nikhil Kishorchandra Vora, Mr. Pulkit Anilkumar Bachhawat, Mrs. Richa Manoj Goyal, and Mr. Siraj Azmat Chaudhry, for a second term of 5 consecutive years, ensuring long-term continuity in corporate governance.
Strategic Acquisitions and Investments
Bikaji is set to acquire a 74% equity stake in Jai Barbareek Dev Snacks Private Limited (JBDSPL) through the purchase of 14,800 equity shares. This acquisition is designed to increase control over operations in Chhattisgarh. Complementing this, the company will issue corporate guarantees of up to ₹59 crore for JBDSPL and ₹5 crore for Bhujialalji Private Limited to support their term loans and working capital requirements.
International and Domestic Expansion
To accelerate global growth, the board approved an additional investment of $5 million in Bikaji Foods International USA Corp to establish a manufacturing plant in the United States. Domestically, the company is investing ₹5 crore into its wholly-owned subsidiary, Bikaji Bakes Private Limited, via 5 million optionally convertible debentures (OCDs) to ramp up its bakery product segment, covering items like croissants, cakes, and pastries.
Operational Enhancements
In addition to financial investments, the company has designated Mr. Sameer Bhadauria and Mr. Amrit Chaudhary as Vice Presidents of GT Sales, and Ms. Simran Dhingra as Head of Exports, promoting them to the Senior Management Personnel category effective May 21, 2026. Furthermore, a loan of ₹5 crore has been extended to Dadiji Snacks Private Limited, a contract manufacturing unit, to support its working capital needs.
Source: BSE
