Further to our intimation dated March 6, 2025, regarding incorporation of Wholly Owned Subsidiary, we wish to inform that Ministry of Corporate Affairs has approved incorporation of wholly ....
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Awaiting price reaction for this filing.
Leo Dryfruits & Spices Trading Ltd has informed BSE that the Ministry of Corporate Affairs (MCA) has approved the incorporation of its wholly-owned subsidiary named 'Leo Catering Services Private Limited' on April 16, 2025. This is a follow-up to the company's earlier intimation dated March 6, 2025, regarding the planned WOS. The subsidiary's name suggests a move into catering services, which is a new business area beyond the company's core dryfruits and spices trading operations. Details required under SEBI Listing Regulations were already submitted in the earlier March 6 filing. The company is yet to disclose further specifics about capital, business plan, or financial impact of this new subsidiary.
This is a routine regulatory update confirming the formal incorporation of a new subsidiary. The diversification into catering services could open a new revenue stream, but no financial details (capital infusion, expected turnover) have been disclosed yet, so immediate impact on shareholders or stock price is likely neutral.