Bikaji Foods Invests $2.9M in US Subsidiary

Bikaji Foods International Ltd has completed an additional subscription of 2,90,000 shares, amounting to $2.9 million, in its wholly-owned US subsidiary, Bikaji Foods International USA Corp. This investment aims to establish a manufacturing plant in the USA to accelerate business growth and enhance market presence. The transaction does not alter Bikaji Foods' 100% shareholding in the subsidiary. The subsidiary operates in the FMCG sector, with a turnover of $2.62 million for the period ending March 31, 2026. Key personnel from the promoter group are directors in the US entity, and the transaction was conducted on an arm's length basis.