Key Transaction Details

  • Bikaji Foods International Limited has sold its entire 30% equity stake held in Bikaji Bakes Private Limited (BBPL), a non-material wholly-owned subsidiary, to Mr. Thayekunni Khaleel.
  • The sale agreement was entered into on January 27, 2026.
  • The transaction was completed on August 26, 2026.
  • The consideration received for the sale was ₹30,000.
  • Consequential to this sale, BBPL has ceased to be a wholly-owned subsidiary of the Company.
  • The Company continues to hold a 70% equity stake in BBPL, which will remain a subsidiary of the Company.

Financial Impact of BBPL

  • For the financial year ended March 31, 2026, BBPL contributed:
  • Turnover: NIL
  • Revenue: NIL
  • Income: ₹319.83 (in Thousand)
  • Net Worth: ₹(6,128.46) (in Thousand) [Negative]
  • The disclosure states these figures have "negligible contribution in the consolidated income and net worth" of Bikaji Foods International Limited.
  • BBPL is classified as a "non-material Subsidiary" of the Company.

Buyer Information

  • Buyer: Mr. Thayekunni Khaleel
  • The buyer does not belong to the promoter/promoter group/group companies of Bikaji Foods International Limited.

Related Party Transaction Status

  • The transaction falls under the purview of Related Party Transactions as:

1. BBPL, being a wholly-owned subsidiary, is a related party of the Company

2. Mr. Deepak Agarwal (Promoter) and Mrs. Shweta Agarwal (Member of Promoter Group) of the Company are also Directors in BBPL

  • The transaction was done at arm's length basis.
  • It is governed by Section 188 of the Companies Act, 2013 and Regulation 23 of the SEBI Listing Regulations.