Niraj Rajnikant Shah and his associate Ami Niraj Shah have filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reporting significant share transactions in Leo Dryfruits & Spices Trading Limited. The disclosure, dated January 22, 2026, covers transactions executed between January 20, 2025, and January 22, 2026, through open market operations.

Transaction Details and Holdings

The disclosure reveals a complex series of transactions involving both acquisitions and disposals by the two investors, who are classified as Persons Acting in Concert (PAC) but do not belong to the promoter group.

Net Position Changes

The transactions resulted in a net increase in the combined shareholding of the PAC from 6.25% to 7.58%, representing an increase of 1.33 percentage points. Niraj Rajnikant Shah's individual holding increased from 2.34% to 3.67%, while Ami Niraj Shah's holding remained unchanged at 3.91%.

Company Share Capital Structure

Leo Dryfruits & Spices Trading Limited's equity structure remained stable throughout the transaction period:

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisitions and takeovers. The transactions were executed through open market purchases and sales, with no involvement of preferential allotments, rights issues, or other special arrangements. The filing confirms that no shares were encumbered, and no voting rights were acquired through instruments other than equity shares.

Market Operations

All transactions were conducted through open market operations on BSE Limited, where Leo Dryfruits & Spices Trading Limited's shares are listed. The extended transaction period from January 20, 2025, to January 22, 2026, suggests a systematic approach to share accumulation and disposal rather than a single large transaction.

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.