Bikaji Foods International has accelerated its international expansion strategy by approving a joint venture in Nepal and establishing a wholly-owned subsidiary in the United Arab Emirates. The Board of Directors, meeting on August 05, 2026, sanctioned an investment of up to ₹15,00,00,000 in C.G. Bikaji Private Limited, a new joint venture with C.G. Savory Corp Private Limited, while also approving the incorporation of Bikaji Foods International UAE Limited in Abu Dhabi. These moves aim to strengthen manufacturing capabilities in South Asia and optimize supply chain operations in the Middle East.

The Nepal venture will operate as a 50:50 joint venture between Bikaji Foods International and C.G. Savory Corp Private Limited. The entity, incorporated on December 01, 2025, is authorized to manufacture, trade, and market snacks, namkeen, bhujia, papad, and packaged sweets within Nepal. Both parties will have equal rights to appoint directors on the joint venture’s board. The investment is structured as a cash consideration to be infused in one or more tranches over a tentative period of ten months. The transaction falls under Section 177 of the Companies Act, 2013, and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, being executed at arm’s length.

The Abu Dhabi subsidiary, proposed to be named Bikaji Foods International UAE Limited, will serve as a wholly-owned entity to manage and optimize international supply chain operations, particularly targeting the Middle East region which constitutes a significant market for the company’s products. The incorporation requires approval from the Khalifa Economic Zones Abu Dhabi (KEZAD) and other relevant statutory authorities. The investment for this entity is capped at AED 1,00,00,000, also payable in cash via tranches. This structure allows the company to maintain full control over its logistics and distribution networks in the Gulf Cooperation Council (GCC) countries.

In addition to these geographic expansions, the Board granted 1,00,000 stock options to eligible employees under the Bikaji Employees Stock Option Scheme 2021 – Scheme I. The options carry an exercise price of ₹500 per option, with a face value of ₹1 per equity share. The vesting schedule is structured over three years: 40% vests on the first anniversary from the date of grant, followed by 30% on the second anniversary, and the remaining 30% on the third anniversary. Options may be exercised within seven years from their respective vesting dates. The shares allotted upon exercise will rank pari-passu with existing equity shares and will not be subject to any lock-in period.

Strategic Implications

The dual expansion into Nepal and the UAE highlights a bifurcated growth strategy: direct manufacturing presence in high-potential emerging markets like Nepal, and logistical consolidation in established export hubs like the UAE. By entering Nepal through a joint venture with C.G. Savory Corp Private Limited, Bikaji leverages local expertise to navigate regulatory and operational landscapes, mitigating entry risks while securing equal board representation. Conversely, the wholly-owned UAE subsidiary suggests confidence in the stability and profitability of Middle Eastern markets, aiming to reduce dependency on third-party logistics. These investments indicate management’s intent to sustain top-line momentum through geographic diversification rather than solely domestic volume growth.

Bikaji Foods International Limited published the notice for its 31st Annual General Meeting (AGM) in the Financial Express and Nafa Nuksan on July 24, 2026, confirming that shareholders will vote on a final dividend of ₹1.25 per share and key director re-appointments. The payout, amounting to 125% of the face value, is payable on or before September 18, 2026, to members registered as of July 17, 2026. This disclosure ensures regulatory compliance under Regulation 30 of the SEBI Listing Regulations, providing investors with clear timelines for participation in the virtual meeting scheduled for August 20, 2026.

The publication follows the electronic dispatch of the AGM notice and annual report for the financial year ended March 31, 2026, which was completed on July 23, 2026. The company has appointed CS Manoj Maheshwari as the scrutinizer to oversee the e-voting process, ensuring transparency in shareholder approvals. The AGM will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM), with the registered office in Bikaner serving as the deemed venue.

Director Re-appointments

Shareholders will consider special resolutions for the re-appointment of senior leadership. Mr. Deepak Agarwal is proposed for re-appointment as Chairman and Managing Director for three years, effective February 01, 2027, to January 31, 2030. Mrs. Shweta Agarwal is similarly proposed for re-appointment as Whole-Time Director for the same term. Both roles involve remuneration potentially exceeding limits prescribed under Regulation 17(6)(e) of the SEBI Listing Regulations.

Additionally, four Non-Executive and Independent Directors seek re-appointment for five-year terms:

• Nikhil Kishorchandra Vora: December 08, 2026, to December 07, 2031
• Pulkit Anilkumar Bachhawat: December 08, 2026, to December 07, 2031
• Richa Manoj Goyal: December 08, 2026, to December 07, 2031
• Siraj Azmat Chaudhry: August 24, 2026, to August 23, 2031

E-Voting Timeline and Access

Remote e-voting commences on August 17, 2026, at 10:00 A.M. IST and concludes on August 19, 2026, at 05:00 P.M. IST. Shareholders holding equity shares as of the cut-off date, August 13, 2026, are eligible to vote through Central Depository Services (India) Limited (CDSL). Those who vote remotely may attend the AGM but cannot vote again during the meeting.

Regulatory Compliance

The company complied with Ministry of Corporate Affairs circulars by dispatching notices electronically to registered email addresses. Physical copies of the annual report are available upon request via cs@bikaji.com . Shareholders without registered emails received web-links to access the documents. The consolidated voting results will be announced within two working days of the AGM’s conclusion.