Leo Dryfruits & Spices Trading Limited has announced the appointment of Mr. Ankur Pravin Gala as Company Secretary and Compliance Officer, effective January 1, 2026. This appointment follows the recent resignation of Ms. Pratibha Kumari Bharadia, who stepped down on December 31, 2025.

Board Meeting Outcome

The Board of Directors, in their meeting held on December 29, 2025, approved the appointment based on the recommendation of the Nomination and Remuneration Committee. The meeting commenced at 3:45 PM IST and concluded at 4:00 PM IST.

New Appointee Profile

Mr. Ankur Pravin Gala is an Associate Member of the Institute of Company Secretaries of India (ICSI) with membership number A30211. He brings valuable experience in heading compliance under the Companies Act, 2013, Listing Regulations, and other relevant laws related to the corporate sector.

Previous Resignation Details

Ms. Pratibha Kumari Bharadia, the former Company Secretary, Compliance Officer, and Key Managerial Personnel, had tendered her resignation citing personal reasons and career opportunities outside the organization. Her resignation became effective on December 31, 2025, after working hours.

Regulatory Compliance

The appointment has been made in compliance with the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Prohibition of Insider Trading) Regulations, 2015. The intimation was filed pursuant to Regulation 30 of SEBI LODR Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company Information

Leo Dryfruits & Spices Trading Limited operates from its registered office at Plot No. A-812, Thane-Belapur Road, MIDC Khairane, TTC Industrial Area, Koper Khairane, Navi Mumbai-400710, with a branch office in APMC Market, Vashi. The company trades under BSE scrip code 544329 and is led by Chairman and Managing Director Kaushik Sobhagchand Shah (DIN: 09484633).

Leo Dryfruits & Spices Trading Limited has received regulatory approval to incorporate a new subsidiary company, marking a strategic expansion into food processing operations. The company announced that the Registrar of Companies has approved the name "Vandu Food Processing Private Limited" for the proposed subsidiary.

Subsidiary Details and Structure

The newly approved subsidiary will be established with specific operational parameters designed to complement the parent company's existing business model.

Business Objectives and Operations

Vandu Food Processing Private Limited will operate in the food processing sector with a comprehensive business scope. The subsidiary's primary objectives include:

• Processing, manufacturing, grading, and roasting of food products
• Packing, storing, and trading operations
• Import and export activities
• Marketing of cashew nuts and other food products
• Trading in dry fruits, nuts, spices, and allied edible products
• Undertaking all activities incidental or ancillary to food processing

Regulatory Compliance and Timeline

The incorporation process follows strict regulatory guidelines under SEBI LODR Regulations. The company has disclosed this development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Implications

The subsidiary formation represents a focused expansion into food processing operations, aligning with Leo Dryfruits & Spices Trading's core business in dry fruits and spices trading. Once incorporated, Vandu Food Processing Private Limited will become a related party since the parent company will hold majority control through its 51% shareholding.

The completion of the incorporation process remains subject to final approvals from regulatory authorities, including the Ministry of Corporate Affairs. The company has indicated that the application for incorporation will be filed following the name approval, with the timeline dependent on regulatory processing.