Bikaji Foods International announced the completion of its subsidiary's strategic acquisition in the Quick Service Restaurant sector. The company's wholly-owned subsidiary, Bikaji Foods Retail Limited (BFRL), has successfully acquired an additional 8.59% stake in Hazelnut Factory Food Products Private Limited (THF) on March 26, 2026.

Acquisition Details

The second tranche acquisition involved the purchase of 5,086 equity shares with a face value of ₹10 each, issued at a premium of ₹78,632 per equity share. The transaction was completed through cash consideration totaling ₹39.99 crore.

Enhanced Shareholding Position

Following the completion of this second tranche, BFRL's total shareholding in THF has increased to 48.99% on a fully diluted basis. The cumulative investment in THF now stands at approximately ₹101 crore across both tranches.

Target Company Profile

Hazelnut Factory Food Products Private Limited is a growing entity in the food and beverage sector, incorporated on December 19, 2019. The company operates cafés in Uttar Pradesh and Delhi, offering a diverse range of products including bakery items, patisserie products, artisanary sweets, desserts, bread, savouries, and snacks through both physical locations and digital platforms.

Financial Performance

THF has demonstrated consistent growth over the past three years:

Capital Structure

Strategic Rationale

The acquisition forms part of Bikaji's comprehensive House-of-Brand strategy to develop and expand its Quick Service Restaurant business vertical. This investment is expected to broaden the portfolio, enhance market presence, and strengthen the overall business strategy of the QSR segment. The transaction is conducted on an arm's length basis and falls under related party transaction regulations due to the existing business relationship between the entities.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The transaction requires compliance with Section 188 of the Companies Act, 2013, and Regulation 23 of the Listing Regulations as it constitutes a related party transaction. No additional governmental or regulatory approvals were required for this acquisition.

Bikaji Foods International Limited has successfully conducted its one-to-one analyst and institutional investor meetings on March 25, 2026 in Singapore. The company informed both BSE and NSE about the completion of these meetings through a regulatory filing with reference number BFIL/SEC/2025-26/122.

Meeting Completion Details

The investor meetings provided direct engagement opportunities between the company management and financial analysts as well as institutional investors. The meetings were conducted in accordance with regulatory requirements and transparency standards.

Regulatory Compliance and Transparency

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. During the meetings, Bikaji Foods utilized publicly available investor presentations that are accessible on the company's website and stock exchange platforms.

The company has specifically confirmed that no unpublished price sensitive information was shared during these meetings, ensuring strict compliance with regulatory requirements for fair disclosure and maintaining market integrity.

Previous Schedule Changes

This completion follows earlier schedule adjustments, as the meetings were initially planned for different dates and locations. The company had previously rescheduled these meetings multiple times, demonstrating flexibility to accommodate various stakeholder requirements while maintaining regulatory compliance.

Corporate Communication Framework

In accordance with Regulation 46 of the Listing Regulations, the company has hosted this disclosure on its official website at www.bikaji.com , ensuring transparent communication with all stakeholders. The regulatory filing was signed by Rahul Joshi, Head – Legal and Company Secretary, with membership number ACS 33135, with digital signature applied on March 25, 2026 at 18:17:17 +05'30', confirming the authenticity of the communication to both BSE and NSE.