Leo Dryfruits & Spices Trading Limited has announced a significant business development that will expand its retail presence across Mumbai's cooperative retail network. The company has received approval from Mumbai Kamgar Madhya Warthi Grahak Sahakari Sanstha Maryadit, known as Apna Bazaar, to list its premium range of whole spices and dry fruits across their store network.

Partnership Details and Financial Impact

The approval enables the company to supply its products through Apna Bazaar stores, with management projecting substantial revenue contribution from this partnership. The company expects to generate approximately ₹2 crores in annual turnover from this association, representing a significant addition to its revenue streams.

Product Portfolio and Quality Certifications

Leo Dryfruits & Spices Trading Limited brings strong quality credentials to this partnership. The company holds ISO 22000:2018 certification for Food Safety Management Systems and ISO 9001:2015 certification for Quality Management Systems. These certifications underscore the company's commitment to maintaining high standards in food safety and quality management across its operations.

The approved product range focuses on the company's premium whole spices and dry fruits portfolio, which will now be available to Apna Bazaar's customer base across their retail network.

Strategic Market Expansion

This partnership represents a strategic move into the organized cooperative retail segment for the company. Management expects the association to positively contribute to multiple business aspects including revenue growth, enhanced brand visibility, and improved market penetration. The partnership specifically targets the Mumbai Metropolitan Region and surrounding markets, areas where Apna Bazaar maintains a strong retail presence.

The company has confirmed that this transaction does not involve any related party arrangements, with no promoter or group company interests in the awarding entity. The partnership operates under standard commercial terms with ongoing supply arrangements subject to applicable termination clauses.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparent disclosure of material developments to stakeholders. The company has provided comprehensive details about the partnership terms, expected financial impact, and strategic implications as required under regulatory guidelines.

Leo Dryfruits & Spices Trading Limited has announced receiving AGMARK approval from the Ministry of Agriculture & Farmers Welfare, Government of India for 30 blended spices and powdered spices products. The company informed the stock exchange about this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

AGMARK Certification Details

The approval has been granted under the provisions of the General Grading and Marketing Rules, 1988, which are notified under the Agricultural Produce (Grading and Marketing) Act, 1937. This certification enables Leo Dryfruits & Spices Trading Limited to market its approved blended spices and powdered spices products under the AGMARK certification.

Regulatory Framework

The AGMARK certification falls under the Agricultural Produce (Grading and Marketing) Act, 1937, and is governed by the General Grading and Marketing Rules, 1988. This regulatory framework ensures that agricultural products meet specific quality standards and grading requirements set by the government.

Business Impact

The AGMARK certificate provides Leo Dryfruits & Spices Trading Limited with official quality assurance for its spice products. The certification allows the company to market 30 different blended spices and powdered spices products under the AGMARK brand, which is recognized as a quality benchmark in the agricultural products sector.

The approval remains valid until March 31, 2030, providing the company with long-term certification benefits. This extended validity period offers stability for the company's marketing and business planning activities related to these certified products.