Bikaji Foods International has subscribed to 2,90,000 shares in its Wholly-Owned Subsidiary, Bikaji Foods International USA Corp, for a total consideration of $2.9 million. The transaction, completed on July 04, 2026, involves shares of Common Stock of $10 each and aims to establish a manufacturing plant in the United States to accelerate business growth and enhance market presence.

Investment Details

The key parameters of the corporate action are outlined below:

Strategic Context and Subsidiary Overview

Bikaji USA, incorporated on July 10, 2023, in New Jersey, operates in the Fast-Moving Consumer Goods (FMCG) industry. The entity is engaged in trading food products, including bhujia, namkeen, sweets, and frozen food items. The additional subscription will bolster the financial base of the subsidiary to support the proposed manufacturing facility.

The subsidiary reported a turnover of $26,20,309 for the period ended March 31, 2026, compared to $17,69,792 in the previous year and $10,96,593 in 2023-24. Bikaji Foods International holds 100% shareholding in Bikaji USA, which remains unchanged following this transaction. The investment is classified as a related party transaction under Regulation 23 of the Listing Regulations and was conducted on an arm’s length basis.

Bikaji Foods International Ltd has completed the acquisition of a 74% equity stake in Jai Barbareek Dev Snacks Private Limited for a cash consideration of ₹1,48,000. The transaction, which concluded on July 02, 2026, makes Jai Barbareek Dev Snacks a subsidiary of Bikaji Foods International , enabling the company to accelerate business growth and enhance its market presence in Chhattisgarh.

The acquisition involved the purchase of 14,800 equity shares, each with a face value of ₹10, from existing shareholders. Jai Barbareek Dev Snacks, incorporated on May 20, 2022, is engaged in the manufacturing and selling of snacks and namkeen items. The entity also undertakes contract manufacturing for Bikaji Foods International.

Financials and Operational Details

Jai Barbareek Dev Snacks belongs to the Fast-Moving Consumer Goods (FMCG) industry. The company has an authorised share capital of ₹10,00,000 and a paid-up share capital of ₹2,00,000. Following the acquisition, the entity has become a related party of Bikaji Foods International under Section 188 of the Companies Act, 2013, and Regulation 23 of the Listing Regulations.

The target entity has demonstrated significant growth since commencing operations. Its turnover for the financial year ended March 31, 2025, stood at ₹19.81 crore, up from ₹0.04 crore in the previous year.

The business of Jai Barbareek Dev Snacks is not outside the main line of business of Bikaji Foods International. The acquisition was approved by the Board of Directors on May 21, 2026, as per the intimation provided to the exchanges. No specific governmental or regulatory approvals were required for this transaction.