Bikaji Foods International Expands Globally: Approves Nepal Joint Venture, UAE Subsidiary, and Employee Stock Option Scheme
Bikaji Foods International Limited has formalized several key strategic moves aimed at strengthening its international presence and aligning employee incentives. The Board of Directors considered four major developments, including establishing a joint venture in Nepal and approving an investment into a Wholly-Owned Subsidiary (WOS) in the United Arab Emirates (UAE).The company approved the following corporate decisions during its meeting on August 05, 2026:
- Approval of a Joint Venture cum Shareholders Agreement with C.G. Savory Corp Private Limited, a company incorporated in Nepal.
- Approval for an investment up to ₹ 15,00,00,000 into the joint venture, C.G. Bikaji Private Limited, located in Nepal.
- Approval of the incorporation of a Wholly-Owned Subsidiary in Abu Dhabi, United Arab Emirates.
- Granting of stock options to eligible employees under the Bikaji Employees Stock Option Scheme 2021 - Scheme I.
Diversification into Nepal via Joint Venture
BFIL entered into a Joint Venture cum Shareholders Agreement with C.G. Savory Corp Private Limited on August 05, 2026. This agreement is set to establish and operate the joint venture company in Nepal, which will manufacture, trade, and market snacks, namkeen, bhujia, papad, and packaged sweets within the country.The terms of the Agreement stipulate a 50:50 stake between BFIL and CG for C.G. Bikaji Private Limited. The relationship between C.G. Savory Corp Private Limited and the promoter group of BFIL was noted as non-existent.
Key details regarding the Nepal joint venture include:
| Particulars | Detail |
|---|---|
| Joint Venture Partner | C.G. Savory Corp Private Limited (Nepal) |
| Company Established | C.G. Bikaji Private Limited |
| Purpose | Manufacturing, trading, and marketing of snacks and sweets in Nepal |
| Shareholding Structure | 50:50 between BFIL and CG |
The target entity, C.G. Bikaji Private Limited, was incorporated on December 01, 2025. The business is focused on the Fast-Moving Consumer Goods (FMCG) industry in Nepal. Financing for this venture involves cash consideration, with an investment amount set at up to ₹ 15,00,00,000. The acquisition is planned to be completed in tranches over a period of tentatively ten months.
Establishing UAE Wholly-Owned Subsidiary
BFIL also approved the incorporation of a Wholly-Owned Subsidiary in Abu Dhabi, United Arab Emirates. This venture is intended to bolster and optimize the company's international supply chain operations, with a specific focus on the Middle East region market.The proposed subsidiary will be incorporated in the Khalifa Economic Zones Abu Dhabi (KEZAD). The investment into this entity is planned at up to AED 1,00,00,000, and BFIL will hold 100% of the shareholding.
Stock Option Scheme for Employees
The Board also approved the grant of stock options to eligible employees under the Bikaji Employees Stock Option Scheme 2021 - Scheme I. The scheme involves 1,00,000 stock options granted at an exercise price of ₹ 500 per option.The vesting structure for these options is detailed as follows:
| Vesting Milestone | Grant Details |
|---|---|
| First Grant (1st grant) | Completion after the first year of vesting period |
| Second Grant (2nd grant) | Completion after the second year of vesting period (40% of options granted) |
| Third Grant (3rd grant) | Completion after the third year of vesting period (30% of options granted) |
| Final Vesting Period | The remaining 30% is vested over seven years from the date of the final grant. |
The equity shares resulting from the exercise of these options will rank pari-passu with existing Equity Shares and are not subject to any lock-in period.
BIKAJI Stock Price Movement
Today, Bikaji Foods International Limited shares edged higher to settle at ₹650.3 after closing, reflecting a gain of 0.77%. The equity saw solid activity during the trading session, with 147,905 shares being transacted.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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