Loan & Debt23 Jul 2025, 06:57 pm
Bikaji Foods International Ltd Approves Loan Agreement with Subsidiary and Joint Venture Agreement with Foreign Company
AI Summary
Bikaji Foods International Ltd has approved a loan agreement with its wholly-owned subsidiary, Bikaji Bakes Private Limited, for an amount of INR 5 Crore. The company also approved a joint venture cum shareholders agreement with C. G. Foods Nepal Limited for undertaking the manufacturing, trading, and marketing of snacks, namkeen, bhujia, papad, and packaged sweets within Nepal. Additionally, the board approved the incorporation of a Section 8 Company named 'BIKAJI FOUNDATION' for implementing social development programs and ensuring regulatory compliance with the applicable provisions under the Act and the Companies (Corporate Social Responsibility Policy) Rules, 2014.
Key Highlights
- Bikaji Foods International Ltd approved a loan agreement with Bikaji Bakes Private Limited for INR 5 Crore
- The company also approved a joint venture cum shareholders agreement with C. G. Foods Nepal Limited
- Bikaji Foods International Ltd will incorporate a Section 8 Company named 'BIKAJI FOUNDATION'
- The new company will implement social development programs and ensure regulatory compliance
- The joint venture aims to undertake the manufacturing, trading, and marketing of various food items in Nepal