Leo Dryfruits & Spices Trading Limited has clinched a significant supply contract with Kendriya Police Kalyan Bhandar (KPKB), operating under the Ministry of Home Affairs, Government of India. The deal, estimated to be worth ₹25-30 crore, marks a substantial milestone for the company in the institutional and government procurement sector.

Contract Details

The agreement, set to run from August 5, 2025, to August 4, 2026, encompasses the supply of a diverse range of products including:

• Whole spices
• Blended spices
• Dry fruits
• Ghee
• Namkeen products

Execution and Related Party Transaction

The contract will be executed through M/s J Ketankumar Co., the company's sole selling agent. This arrangement falls under the category of material related party transactions, as M/s J Ketankumar Co. is a proprietorship concern of Ketan Sobhagchand Shah, who serves as Leo Dryfruits & Spices Trading Limited's Whole Time Director & CFO.

Corporate Governance and Compliance

In adherence to regulatory requirements, the company has taken the following steps:

1. The Audit Committee approved the transaction in a meeting held on August 5, 2025.
2. The company has made the necessary disclosures in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Strategic Implications

Kaushik Sobhagchand Shah, Chairman and Managing Director of Leo Dryfruits & Spices Trading Limited, stated that this order is expected to materially contribute to the company's revenue. Moreover, it is anticipated to strengthen the company's foothold in institutional and government procurement channels.

Sole Selling Agency Agreement

The execution of this contract is facilitated by a Sole Selling Agency Agreement dated May 10, 2024, between Leo Dryfruits & Spices Trading Limited and M/s J Ketankumar Co. This agreement authorizes M/s J Ketankumar Co. to:

• Procure orders
• Undertake marketing and sales activities
• Execute orders across India

This arrangement is exclusive for KPKB and related government sales channels.

The successful securing of this contract followed negotiations during the 76th Price Negotiation Committee Meeting held on June 6, 2025, culminating in the Acceptance Letter for Registration (Application Form No. 2857).

As Leo Dryfruits & Spices Trading Limited embarks on this significant government supply contract, it marks a notable expansion of its business operations in the public sector, potentially paving the way for future growth and opportunities in this domain.

Leo Dryfruits & Spices Trading Limited has announced a strategic expansion of its operations by leasing a new manufacturing facility in Navi Mumbai. The company has entered into an 11-month Leave & License Agreement for premises located at Plot no. ATC-10, TTC Industrial Area, MIDC Mahape, Navi Mumbai.

Lease Agreement Details

• Duration: 11 months (August 1, 2025 to June 30, 2026)
• Lock-in Period: 6 months
• Monthly License Fee: Rs 3,75,000.00
• Security Deposit: Rs 18,75,000.00 (interest-free and refundable)
• Premises Specifications:
  • Total Plot Area: 400 square meters
  • Built-up Factory Area: 595 square meters

Strategic Expansion

The new facility will be utilized for manufacturing namkeen, farsan, dry fruits, spices, and other food products. This expansion aligns with the company's strategic objective to broaden its footprint and explore synergistic opportunities in the food processing sector.

Regulatory Compliance

In compliance with SEBI regulations, Leo Dryfruits & Spices Trading Limited has made the necessary disclosures regarding this new business premises. The company has confirmed that this transaction is not a related party transaction.

Management Statement

Kaushik Sobhagchand Shah, Chairman and Managing Director of Leo Dryfruits & Spices Trading Limited, signed off on the regulatory filing, emphasizing the company's commitment to growth and expansion in the food processing industry.

This strategic move by Leo Dryfruits & Spices Trading Limited demonstrates the company's proactive approach to expanding its manufacturing capabilities and potentially increasing its market presence in the dry fruits, spices, and processed food segments.