Leo Dryfruits & Spices Trading Ltd enters into a Share Purchase Agreement to acquire 60% stake STK Food Processing Pvt. Ltd.

Leo Dryfruits & Spices Trading Limited ("Leo Dryfruits") (BSE: 544329), a leading player in the premium dry fruits, spices, and namkeen segment, has entered into a Share Purchase Agreement to acquire a 60% equity stake in STK Food Processing Pvt. Ltd. ("STK Food Processing"), an established manufacturer of Makhana and Chana Sattu products.

The acquisition is expected to unlock meaningful cross-selling and distribution synergies, enabling Leo Dryfruits to leverage STK Food Processing's established market presence and customer relationships. This transaction strengthens Leo Dryfruits' high-value product portfolio and is expected to support sustained topline growth.

Incorporated on 10 July 2012, STK Food Processing operates under the brand "POPMAK", specializing in roasted and flavoured Makhana and other value-added food products. The company is a recognized supplier tothe Canteen Stores Department (CSD), Ministry of Defence, with seven products currently registered and multiple new products under development. Leo Dryfruits presently has nine products listed with CSD; post-acquisition, the combined CSD product portfolio will increase to sixteen products, significantly strengthening the Company's presence in this channel.

This strategic move aligns with Leo Dryfruits' long-term objective of scaling its premium product vertical by leveraging its sourcing capabilities, processing strengths, and stringent quality standards, particularly across B2G and institutional channels.

Commenting on the development, Mr. Kaushik Shah, Chairman and Managing Director of Leo Dryfruits & Spices Trading Limited said, "This is an important step forward in our strategy to strengthen our presence in the B2G and B2B segments. Overtheyears, we have builta strong reputation for delivering premium-quality dry fruits, spices, ghee, and namkeen with consistent reliability, and this acquisition reaffirms of STK Food Processing Private Limited is complementary to the Company's existing operations and will enable abroader and more integrated product offering.

Our focus has always been on combining high-quality sourcing with efficient processing and distribution, enabling us to serve large-scale clients without compromising on standards. This acquisition positioning our Brand in Market along with existing products expanding our out-reach and Product portfolio as well.

We are confident this milestone will act as a catalyst for future growth and further reinforce our position as a trusted brand in India's dynamic food industry."

Shares of Leo Dryfruits & Spices Trading Limited was last trading in BSE at Rs. 67.00 as compared to the previous close of Rs. 68.42. The total number of shares traded during the day was 24000 in over 8 trades.

The stock hit an intraday high of Rs. 69.90 and intraday low of 66.00. The net turnover during the day was Rs. 1616800.00.

Source : Equity Bulls

Keywords

LeoDryfruitsandSpicesTrading INE0RH001011 OtherFoodProducts Acquisition STKFoodProcessing