Joint Venture23 Jul 2025, 07:02 pm
Bikaji Foods International Ltd. Approves Joint Venture with C. G. Foods Nepal Limited and Incorporation of Section 8 Company
AI Summary
Bikaji Foods International Ltd. has approved a joint venture with C. G. Foods Nepal Limited for manufacturing, trading, and marketing of snacks, namkeen, bhujia, papad, and packaged sweets within Nepal. The company also approved the incorporation of a Section 8 Company named 'BIKAJI FOUNDATION' for implementing social development programs and ensuring regulatory compliance with CSR initiatives. Additionally, the board approved a loan agreement with Bikaji Bakes Private Limited, a wholly-owned subsidiary.
Key Highlights
- Bikaji Foods International Ltd. has approved a joint venture with C. G. Foods Nepal Limited
- The joint venture aims to manufacture, trade, and market snacks, namkeen, bhujia, papad, and packaged sweets within Nepal
- The company also approved the incorporation of a Section 8 Company named 'BIKAJI FOUNDATION'
- A loan agreement of X 5,00,00,000 (Rupees Five Crore Only) was approved with Bikaji Bakes Private Limited
- The proposed WOS shall be incorporated to implement social development programs and ensure regulatory compliance