Loan & Debt21 May 2026, 08:31 pm
Bikaji Foods: Loan Agreement with Dadiji Snacks for ₹5 Cr
AI Summary
Bikaji Foods International Ltd has approved the execution of a Loan Agreement with Dadiji Snacks Private Limited, its Contract Manufacturing Unit (CMU), for up to ₹5,00,00,000. This decision was made during a Board of Directors meeting held on May 21, 2026, where several other key resolutions were passed, including director re-appointments, investments in subsidiaries, and corporate guarantees.
Key Highlights
- Bikaji Foods approves ₹5 Cr loan agreement with Dadiji Snacks Private Limited.
- Board re-appointed Mr. Deepak Agarwal as Chairman and Managing Director.
- Additional investment approved for Bikaji Foods International USA Corp up to $5,00,000.
- Investment approved in Jai Barbareek Dev Snacks via acquisition of 74% equity.
- Corporate Guarantee approved for Jai Barbareek Dev Snacks up to ₹59 Cr.
Price Impact
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