Bikaji Foods International reported a fire incident at its contract manufacturing unit, Dadiji Snacks Private Limited (DSPL), located in Patna, Bihar on August 17, 2025. The company promptly informed the stock exchanges about the event, in compliance with regulatory requirements.

Incident Details

The fire occurred at DSPL's facility situated at Plot No. – 1070, 1070/2116 and 1088, Arai Main Road, Near Singariyawan, Daniawan, Patna, Bihar. According to the company's statement, the fire was brought under control quickly, and fortunately, no casualties or injuries were reported.

Business Continuity and Impact Assessment

Bikaji Foods has assured stakeholders that the incident is expected to have minimal impact on its business operations. The company plans to meet market demand by leveraging its other nearby manufacturing units until the affected facility resumes full operations.

Insurance Coverage and Loss Assessment

The company disclosed that DSPL has adequate insurance coverage for such incidents. Bikaji Foods has already notified the insurance company about the fire. Currently, DSPL is in the process of assessing the actual losses incurred due to the fire.

Management's Response

Rahul Joshi, Head - Legal and Company Secretary of Bikaji Foods International Limited, stated in the regulatory filing, "The Company will have minimal business loss due to the incident, and until operations at DSPL fully resumed, the requisite demand will be catered from other nearby located manufacturing unit."

Future Updates

Bikaji Foods has committed to updating the stock exchanges on any material developments related to this incident. The company has also made this disclosure available on its official website ( www.bikaji.com ) in compliance with regulatory requirements.

Investors and stakeholders are advised to monitor official company communications for further updates on this situation and its potential impact on Bikaji Foods International's operations.

Bikaji Foods International , the popular Indian snack manufacturer, saw significant movement in its shareholding pattern as promoters sold a substantial stake to institutional investors. The block deal, valued at approximately Rs 183.00 crore, has caught the attention of market watchers and analysts alike.

Promoter Stake Sale Details

Deepak Agarwal and Shiv Ratan Agarwal, key promoters of Bikaji Foods International, executed a block deal to offload nearly 25 lakh shares, representing a 1% stake in the company. The shares were sold at Rs 732.00 per share, resulting in the total transaction value of Rs 183.00 crore. Here's a breakdown of the sale:

• Deepak Agarwal sold 12.5 lakh shares
• Paresh Parekh divested a 0.49% stake

Institutional Buyers

The stake sale attracted several prominent institutional investors, showcasing continued interest in Bikaji's growth story. The major buyers included:

• HDFC Life Insurance: Acquired 8.1 lakh shares
• Tata Mutual Fund: Purchased 7.42 lakh shares
• Other notable buyers: ICICI Prudential Life Insurance, Aditya Birla Sun Life, and Alphamine Absolute Return Fund

Stock Performance

Following the news of the stake sale, Bikaji's stock closed at Rs 721.95, marking a marginal decline of 0.11%. This performance was in contrast to the broader market, as the Nifty 50 index gained 0.91% on the same day.

It's worth noting that Bikaji's stock has faced some challenges in recent times:

• 12-month performance: Declined by 11.47%
• Year-to-date performance: Down by 7.38%

Analyst Outlook

Despite the recent stock performance, the sentiment among analysts covering Bikaji Foods International remains positive:

• All seven analysts maintain a 'Buy' rating on the stock
• Average price target: Rs 884.14
• Implied upside potential: 22.5% from the current price

The strong buy ratings from analysts, coupled with a significant upside potential, suggest that market experts remain optimistic about Bikaji's future prospects, despite the recent promoter stake sale and stock price fluctuations.

As Bikaji Foods International navigates through these ownership changes and market dynamics, investors and industry observers will be keenly watching how the company leverages its strong brand presence and market position to drive growth in the competitive Indian snacks segment.