Bikaji Foods International Limited , a prominent Indian snack food company, has been drawn into a potential legal matter as its Managing Director faces a summons from the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act, 2002 (PMLA).

Summons Details

The company received a physical summons at its corporate office on September 09, 2025, requiring the Managing Director to appear in person before the Assistant Director of the Jaipur Zonal Office, Directorate of Enforcement, Ministry of Finance, Government of India. The summons is part of an ongoing investigation or proceeding under the PMLA.

Company's Response

In an official statement to the stock exchanges, Bikaji Foods emphasized that it is not in default regarding this matter. The company stated, "To the best knowledge of the Company, we as an entity is not under any default in connection with this matter." Furthermore, Bikaji Foods has pledged full cooperation with the authorities during the proceedings.

Financial Impact and Allegations

At this stage, the summons does not allege any specific violations or contraventions. Bikaji Foods has indicated that since the inquiry is at a preliminary stage, there is currently no financial impact on the company. The disclosure states:

"Not Available; Since, only summon have been issued and the inquiry is at a preliminary stage, without alleging any violations/ contravention(s) committed, therefore at this stage, the Company cannot determine impact on financial, operation or other activities of the listed entity quantifiable in monetary term."

Regulatory Compliance

The company made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been shared with both the BSE Limited and the National Stock Exchange of India Ltd.

Investor Communication

Bikaji Foods has assured stakeholders that the disclosure will be hosted on the company's website ( www.bikaji.com ) for public access. The company's Head of Legal and Company Secretary, Rahul Joshi, signed off on the official communication to the stock exchanges.

As the investigation is in its early stages, investors and stakeholders will likely be watching closely for any developments in this matter. The company's transparency in disclosing this information aligns with regulatory requirements and demonstrates its commitment to keeping shareholders informed of potential material events.

Bikaji Foods International , a prominent Indian snack food manufacturer, has announced it will maintain current pricing levels following recent stabilization in the palm oil market. This decision comes after implementing price increases totaling 3.5-4% over the past three quarters.

Price Strategy and Market Conditions

Manoj Verma, Chief Operating Officer of Bikaji Foods, revealed that the company does not plan any additional price hikes in the near future. This stance is primarily attributed to the recent stabilization of Malaysian crude palm oil prices, a key ingredient in many of Bikaji's products.

The palm oil market has shown significant volatility in recent months:

• Prices have rebounded 16% from their May lows
• This follows a 30% decline from peak prices observed in December

Verma expressed optimism about the market outlook, stating that palm oil prices are expected to remain stable. He also anticipates potential price improvements after the festive season, which typically sees increased demand for snack foods in India.

Impact on Indian Edible Oil Imports

The stabilization in palm oil prices comes against the backdrop of changing import patterns in India's edible oil sector. Recent data indicates:

The decline is primarily due to reduced palm oil shipments.

Strategic Expansion: Nepal Joint Venture

In a significant move to expand its market presence, Bikaji Foods has announced a joint venture with Nepal's Chaudhary Group. This partnership aims to:

• Manufacture and market Bikaji's product portfolio in Nepal
• Introduce popular items such as bhujia, namkeen, papad, packaged sweets, and snacks to the Nepalese market

This strategic alliance is expected to leverage Bikaji's product expertise and the Chaudhary Group's local market knowledge to establish a strong presence in Nepal's growing snack food sector.

The combination of a stable pricing strategy and international expansion underscores Bikaji Foods International's commitment to sustainable growth and market diversification in the competitive snack food industry.