Bikaji Foods Approves 1 Lakh ESOPs at ₹500 Exercise Price

Bikaji Foods International Ltd announced the approval of granting 1,00,000 stock options to eligible employees under its Bikaji Employees Stock Option Scheme 2021 – Scheme I. The options will vest according to the scheme's schedule, with a 1:1 ratio of options to equity shares. The exercise price is set at ₹500 per option, with a face value of ₹1 per equity share. The Board also noted a Joint Venture cum Shareholders Agreement with C.G. Savory Corp Private Limited, approved investment in a Nepalese JV company, and the incorporation of a wholly-owned subsidiary in Abu Dhabi.