Bikaji Foods injects $150,000 into US subsidiary for market growth

Bikaji Foods International Limited (BFIL) has increased its investment in Bikaji Foods International USA Corp (Bikaji USA), its wholly-owned subsidiary, by subscribing to an additional 15,000 common stocks of $10 each. This transaction, completed on Saturday, October 25, 2025, totals $150,000. Despite the additional subscription, BFIL's shareholding percentage in Bikaji USA remains at 100%.

Bikaji USA, incorporated on July 10, 2023, in New Jersey, operates within the Fast Moving Consumer Goods (FMCG) industry, aligning with BFIL's main line of business in food item trading. The object of this acquisition is to accelerate business growth and enhance market presence by strengthening the distribution network in the USA, aiming for wider reach and improved customer accessibility. The subsidiary reported a turnover of $1,769,792 for the period ended March 31, 2025.

The transaction is classified as a related party transaction and was conducted on an arm's length basis. Mr. Deepak Agarwal and Mrs. Shweta Agarwal, who are promoters and directors in BFIL, also serve as directors in Bikaji USA.