Trading Symbol
BIKAJI (NSE)
Nature of the Event
Regulatory disclosure confirming the completion of the acquisition of a 74% equity stake in Jai Barbareek Dev Snacks Private Limited (JBDSPL), making it a subsidiary of Bikaji Foods International Limited (BFIL).
Key Quantitative Figures
- Number of shares acquired: 14,800 Equity Shares
- Face value per share: ₹10
- Total acquisition cost: ₹1,48,000
- Percentage of equity acquired: 74%
- JBDSPL's Authorised Share Capital: ₹10,00,000 (divided into 1,00,000 equity shares of ₹10 each)
- JBDSPL's Paid-up Share Capital: ₹2,00,000 (divided into 20,000 equity shares of ₹10 each)
- JBDSPL's Turnover (FY 2024-25): ₹19.81 Crore
- JBDSPL's Turnover (FY 2023-24): ₹0.04 Crore
Parties Involved
- Acquirer: Bikaji Foods International Limited (BFIL)
- Target Entity: Jai Barbareek Dev Snacks Private Limited (JBDSPL)
- Regulators Addressed: BSE Limited and National Stock Exchange of India Ltd.
Purpose and Rationale
The stated object of the acquisition is to accelerate business growth and enhance market presence in Chhattisgarh, ensuring wider reach and improved customer accessibility. It also aims to secure ownership and control over the operations of JBDSPL.
Financial and Operational Impact
- Subsidiary Status: JBDSPL became a subsidiary of BFIL effective July 02, 2026.
- Related Party Transaction: Consequential to the acquisition, JBDSPL is now a related party of BFIL under Section 188 of the Companies Act, 2013 and Regulation 23 of the Listing Regulations.
- Business Alignment: The business of JBDSPL (manufacturing and selling snacks and namkeen items) is not outside the main line of business of BFIL. JBDSPL undertakes contract manufacturing for BFIL.
Background on Acquired Entity (JBDSPL)
- Industry: Fast-Moving Consumer Goods (FMCG)
- Business: Manufacturing and selling of snacks and other namkeen items.
- Financial History:
- FY 2024-25: Turnover of ₹19.81 Crore
- FY 2023-24: Turnover of ₹0.04 Crore
- FY 2022-23: Business had not commenced