Bikaji Foods International’s Board has approved a series of strategic initiatives, including additional investment in its subsidiary, Bikaji Foods Retail Limited, up to ₹50 Crore. The board has also greenlit a joint venture in the frozen and bakery business, as well as loan agreements with Petunt Food Processors Private Limited and Dadiji Snacks Private Limited. An investment in Jai Barbareek Dev Snacks Private Limited was also approved. These actions aim to expand Bikaji’s business and market reach.
Investment in Bikaji Foods Retail Limited
The board has approved an additional investment in Bikaji Foods Retail Limited, a wholly-owned subsidiary, through subscription of share capital up to ₹50 Crore. This move aims to strengthen the subsidiary’s operations and expansion efforts.
Joint Venture for Frozen and Bakery Business
Bikaji Foods International will enter a joint venture with Mr. Deepak Agarwal (Managing Director) and Mr. Thayekunni Khaleel (Founder of ‘Bakemart’) to undertake frozen and bakery business. This will be executed through Bikaji Bakes Private Limited.
Loan Agreements Approved
The board approved a loan agreement with subsidiary Petunt Food Processors Private Limited, up to ₹5,00,00,000, and a loan agreement with Dadiji Snacks Private Limited, a contract manufacturing unit, up to ₹8,00,00,000.
Investment in Jai Barbareek Dev Snacks Private Limited
The board approved an investment of up to ₹25,00,00,000 in Jai Barbareek Dev Snacks Private Limited, via 2,50,00,000 Optionally Convertible Debentures.
Details of Bikaji Foods Retail Limited
Bikaji Foods Retail Limited (BFRL), incorporated on September 20, 2024, has an authorised share capital of ₹10,00,00,000 and a paid-up share capital of ₹2,53,00,000. The turnover of BFRL is ₹1,671.05 (in Thousands) for the financial year ended March 31, 2025. BFRL is focused on café, QSR, restaurants, and catering services.
Joint Venture Details
The joint venture to be entered between Bikaji Foods International Limited (BFIL), Mr. Deepak Agarwal and Mr. Thayekunni Khaleel, is for undertaking the frozen and bakery business. BFIL will hold 70% shareholding in Bikaji Bakes Private Limited (BBPL) and after the transaction, it will become a subsidiary of the company. JV Company will manufacture, trade, retail, wholesale, manage and operate the entire frozen bakery.
Details of the Loan Agreements
Bikaji Foods International Limited is the lender, and Petunt Food Processors Private Limited is the borrower for one loan agreement. The nature of the loan is unsecured, and the total amount of the loan granted is ₹5,00,00,000. The lender for the second loan agreement is Bikaji Foods International Limited and the borrower is Dadiji Snacks Private Limited. The total amount granted to Dadiji Snacks Private Limited is ₹8,00,00,000.
Details of investment in Jai Barbareek Dev Snacks Private Limited
Jai Barbareek Dev Snacks Private Limited (JBDSPL) is a Private Limited Company incorporated in India, with registered office at Plot No. 644, Village Kandarka, Durg, Chhattisgarh, India – 490036. JBDSPL has a turnover of ₹19.81 Crore for the financial year ended March 31, 2025. The Company belongs to Fast Moving Consumer Goods (FMCG) Industry.
Source: BSE
