
Bikaji Foods: Board Re-appoints Directors, Approves Investments
The Board of Directors of Bikaji Foods International Ltd has approved the re-appointment of several directors, including Deepak Agarwal as Chairman and Managing Director, and Shweta Agarwal as Whole-Time Director, each for a further term of 3 years. Additionally, Nikhil Kishorchandra Vora, Pulkit Anilkumar Bachhawat, Richa Manoj Goyal, and Siraj Azmat Chaudhry were re-appointed as Non-Executive and Independent Directors for a second term of 5 years. The board also approved investments in Bikaji Foods International USA Corp, Jai Barbareek Dev Snacks Private Limited, and Bikaji Bakes Private Limited, along with a loan agreement with Dadiji Snacks Private Limited and corporate guarantees for Jai Barbareek Dev Snacks Private Limited and Bhujialalji Private Limited.
Key Highlights
- Deepak Agarwal re-appointed as Chairman and Managing Director for 3 years.
- Shweta Agarwal re-appointed as Whole-Time Director for 3 years.
- Re-appointment of four Non-Executive and Independent Directors for 5 years.
- Approved investment up to $5,000,000 in Bikaji Foods International USA Corp.
- Approved investment in Jai Barbareek Dev Snacks Private Limited for 74% equity.
Price Impact
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