Trading Symbol

BIKAJI (NSE)

Transaction Details

  • Date of Transaction: Saturday, July 04, 2026
  • Transaction Type: Additional subscription of shares
  • Target Entity: Bikaji Foods International USA Corp (Bikaji USA)
  • Number of Shares: 290,000 shares of Common Stock
  • Face Value: $10 per share
  • Investment Amount: $2,900,000
  • Consideration Type: Cash consideration

Shareholding Impact

  • No change in shareholding percentage post-transaction
  • Company maintains 100% ownership in Bikaji USA (wholly-owned subsidiary)

Subsidiary Background

Bikaji Foods International USA Corp

  • Incorporation Date: July 10, 2023
  • Incorporation Location: State of New Jersey, USA
  • Business Activity: Trading in all types of food and food-related products including bhujia, namkeen, sweets, frozen food products
  • Geographic Presence: United States of America

Financial Details of Subsidiary

Capital Structure:

  • Authorized Capital: $10,000,000 divided into 1,000,000 shares of Common Stock of $10 each
  • Paid-up Capital (pre-transaction): $4,050,000 divided into 405,000 shares of Common Stock of $10 each

Turnover History:

  • FY 2023-24: $1,096,593
  • FY 2024-25: $1,769,792
  • FY 2025-26: $2,620,309

Transaction Classification

  • Classified as related party transaction under Section 177 of Companies Act, 2013 and Regulation 23 of Listing Regulations
  • Conducted on arm's length basis

Promoter/Promoter Group Interest

  • Mr. Deepak Agarwal (Promoter of BFIL) serves as Director in Bikaji USA
  • Mrs. Shweta Agarwal (member of Promoter Group in BFIL) serves as Director in Bikaji USA

Business Rationale

Objects of Acquisition:

  • To set up a manufacturing plant in United States of America
  • To accelerate business growth and enhance market presence
  • To ensure wider reach and improved customer accessibility

Business Alignment: The business of Bikaji USA is in line with the main line of business of Bikaji Foods International Limited (FMCG industry)