Bikaji Foods International Limited has announced major leadership updates, including the re-appointment of its Chairman and Managing Director, Mr. Deepak Agarwal, for a 3-year term. Simultaneously, the board has approved significant strategic growth initiatives, such as an $5 million investment in its US subsidiary and the acquisition of a 74% stake in Jai Barbareek Dev Snacks Private Limited. These moves aim to accelerate market expansion and strengthen the company’s production and manufacturing capabilities.
Leadership Re-appointments
The company has confirmed the re-appointment of its core leadership team for additional terms. Mr. Deepak Agarwal will continue as Chairman and Managing Director, while Mrs. Shweta Agarwal remains as a Whole-Time Director, both for a 3-year term effective February 1, 2027. Additionally, the board has extended the terms of independent directors Mr. Nikhil Kishorchandra Vora, Mr. Pulkit Anilkumar Bachhawat, Mrs. Richa Manoj Goyal, and Mr. Siraj Azmat Chaudhry for a second 5-year tenure.
Strategic Acquisitions and Capital Investments
To bolster its manufacturing footprint and market presence, the company is undertaking several key investments:
- International Expansion: An additional investment of $5,000,000 in its wholly-owned US subsidiary to establish a manufacturing facility.
- Strategic Acquisition: The acquisition of a 74% equity stake in Jai Barbareek Dev Snacks Private Limited for ₹1.48 lakh.
- Operational Support: An investment of ₹5 crore in Bikaji Bakes Private Limited through the subscription of Optionally Convertible Debentures (OCDs).
- Financial Support: The board has approved a loan agreement of ₹5 crore for Dadiji Snacks Private Limited to support its working capital requirements.
Corporate Guarantees and Senior Management Updates
To support the operational requirements of its group entities, the company has approved the issuance of corporate guarantees totaling ₹59 crore for Jai Barbareek Dev Snacks Private Limited and ₹5 crore for Bhujialalji Private Limited in favor of HDFC Bank. Furthermore, the company has officially designated Mr. Sameer Bhadauria, Mr. Amrit Chaudhary, and Ms. Simran Dhingra as Senior Management Personnel, effective May 21, 2026.
Source: BSE
