Bikaji Foods International Limited , a prominent player in the Indian snacks industry, has disclosed that its Managing Director has been summoned by the Directorate of Enforcement (ED) in connection with an ongoing investigation into the Rajasthan Premier League. The summons, issued under the Prevention of Money Laundering Act, 2002 (PMLA), requires the Managing Director to appear in person before the authority.

Investigation Details

The investigation pertains to the Rajasthan Premier League, an event conducted by the Rajasthan Cricket Association. Bikaji Foods, along with other parties involved in the league, has been called upon to present records related to transactions with the Rajasthan Cricket Association.

Company's Response

In an official statement, Bikaji Foods has clarified its position:

• Limited Involvement: The company emphasized that its participation in the Rajasthan Premier League was strictly limited to sponsorship activities.
• Business as Usual: The sponsorship was described as part of the company's ordinary course of business, aimed at promotion, visibility, and development of business interests.
• No Operational Role: Bikaji Foods stated it had no involvement in the management, conduct, or operational aspects of the league beyond the sponsorship arrangement.
• Transparent Transactions: All payments made towards sponsorship were reportedly properly documented, accounted for, and conducted through valid banking channels.
• Cooperation Assured: The company has committed to full cooperation with the authorities and compliance with all legal requirements in this matter.

Financial Impact

At this stage, Bikaji Foods International Limited has stated that there is no financial impact on the company. The inquiry is at a preliminary stage, and no specific violations or contraventions have been alleged by the authorities.

Company Background

Bikaji Foods International Limited, founded in 1993 by Shiv Ratan Agarwal, has grown to become the third-largest ethnic snacks company in India. With operations in 28 states and 7 union territories across India, the company also exports its products to 43 countries worldwide. Bikaji's product range includes bhujia, namkeen, packaged sweets, papad, western snacks, and other snack categories.

The company remains committed to addressing the inquiries raised by the Enforcement Directorate while maintaining its focus on its core business operations. As the investigation unfolds, stakeholders will be keenly watching for any potential impact on Bikaji Foods' market position and operations in the competitive Indian snacks industry.

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.