Bikaji Foods International has announced the demise of its founder, Shri Shiv Ratan Agarwal, who passed away on April 23, 2026. The company made this solemn announcement through regulatory filings to stock exchanges, marking a significant moment for India's third largest ethnic snacks company and the second fastest-growing player in the organized snacks market.

Official Regulatory Filing

The company issued an official intimation to BSE Limited and National Stock Exchange of India under Regulation 30 and 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulatory filing, bearing reference number BFIL/SEC/2026-27/10, was submitted on April 23, 2026, confirming the unexpected demise of the founder.

Founder's Legacy and Business Impact

Shri Shiv Ratan Agarwal was described as a guiding force of the company since its inception and had built the foundation of the brand 'Bikaji'. According to the official company statement, he was pivotal in steering the company towards success and growth, transforming the traditional Bikaneri snacks business into the internationally recognized Bikaji brand by combining authentic taste with modern business practices. His strategic acumen and ability to adeptly handle complex challenges significantly bolstered the company's operational sustainability.

Corporate Governance Changes

Following his demise, Shri Shiv Ratan Agarwal will cease to be a Promoter/Promoter Group member of the company in accordance with Regulation 31A(6)(c) of the Listing Regulations. The regulatory filing was signed by Rahul Joshi, Head – Legal and Company Secretary (Membership No.: ACS 33135), confirming the official notification to stock exchanges.

Company's Commitment Moving Forward

The Board of Directors, management and employees have expressed their deepest condolences to his family and loved ones. The company remains committed to building upon the strong foundation laid by him and will continue to uphold and strengthen the goodwill of the Bikaji brand by carrying forward his vision, principles, and entrepreneurial ethos. Guided by his legacy, the company will strive to sustain its growth trajectory and continue to lead a profitable and responsible business.

Bikaji Foods International Limited has announced that its board of directors will convene on May 21, 2026, to review and approve the company's financial performance for the fourth quarter and full financial year ended March 31, 2026. The meeting notification was issued on April 15, 2026, in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The upcoming board meeting will address several critical matters related to the company's financial reporting and shareholder returns:

Trading Window Restrictions

In adherence to insider trading prevention measures, Bikaji Foods International has implemented a trading window closure affecting all designated persons and their immediate relatives. The restriction period commenced on April 01, 2026, and will continue until 48 hours following the official declaration of the audited financial results.

This measure aligns with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Prevention of Insider Trading Code. The trading window closure ensures compliance with regulatory requirements while the company prepares to disclose material financial information.

Corporate Communication

The board meeting intimation was formally communicated to both major stock exchanges where the company's shares are listed. The notification will be made available on the company's official website at www.bikaji.com for public access and transparency.

Rahul Joshi, Head – Legal and Company Secretary, signed the official communication on behalf of the company, ensuring proper regulatory compliance and stakeholder notification.