Bikaji Foods Incorporates Non-Profit Subsidiary Bikaji Foundation
Filing Summary
Bikaji Foods International Ltd has announced the incorporation of a new wholly-owned subsidiary, the Bikaji Foundation, as a Section 8 Company. This non-profit organization was officially incorporated on October 9, 2025, with approval from the Ministry of Corporate Affairs received on November 14, 2025. The Bikaji Foundation is established to implement social development programs and manage Corporate Social Responsibility (CSR) initiatives. The foundation is a company limited by guarantee, with no share capital, and involves seven members who have undertaken a guarantee of ₹1,000 each.
Bikaji Foods International Ltd has incorporated a new wholly-owned subsidiary named the Bikaji Foundation, a Section 8 Company under the Companies Act, 2013. The incorporation was approved by the Ministry of Corporate Affairs on November 14, 2025, with the official date of incorporation being October 9, 2025. The Bikaji Foundation is a non-profit organization aimed at executing social development programs and managing the company’s Corporate Social Responsibility (CSR) initiatives.
The Bikaji Foundation is structured as a company limited by guarantee, with no share capital involved. Seven members have undertaken a guarantee of ₹1,000 each, with six of these members being nominee subscribers on behalf of Bikaji Foods International Ltd. This structure ensures that the foundation operates as a non-profit entity, focusing on its social objectives rather than profit generation.
The primary scope of the Bikaji Foundation includes implementing social development programs and achieving operational autonomy in executing CSR initiatives. These initiatives are aligned with Schedule VII of the Companies Act, 2013, and comply with the Companies (Corporate Social Responsibility Policy) Rules, 2014. The foundation will ensure regulatory compliance with applicable provisions under the Act, focusing on social welfare and development activities.
The incorporation of the Bikaji Foundation does not require any governmental or regulatory approvals beyond those already obtained. The foundation does not involve any cash consideration or share swap, as it does not have share capital. The foundation is a related party of Bikaji Foods International Ltd under Section 188 of the Companies Act, 2013, and Regulation 23 of the Listing Regulations.
The timeline for the incorporation process began with the official date of incorporation on October 9, 2025, and the receipt of the Certificate of Incorporation on November 14, 2025. The foundation is now fully operational and will focus on its mandate to implement and manage CSR activities effectively.
Bikaji Foods International Ltd is a prominent player in the Indian food industry, known for its wide range of snacks and sweets. The company focuses on expanding its market presence and enhancing its product offerings. The incorporation of the Bikaji Foundation aligns with its strategic priorities to contribute to social development and fulfill its CSR obligations.