Further to our public announcement on 14.05.2025, a press Release for securing the landmark contract with EIH Limited one of India''s foremost luxury hospitality companies is enclosed.
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Awaiting price reaction for this filing.
Leo Dryfruits & Spices Trading Ltd has won a contract with EIH Limited, the operator of luxury brands like Trident Hotels, Oberoi Hotels & Resorts, and Oberoi Flight Services, to supply its spices and dry fruits in Mumbai. Product rates have been finalized, but supply volumes will come through individual purchase orders, with the company expecting roughly ₹3 crore in total orders over the first 12 months. This win builds on a recent contract from the Taj Group of Hotels, showing the company's push into the premium hotel segment. For context, Leo reported FY24 revenue of ₹62.17 crore, EBITDA of ₹11.13 crore, and profit after tax of ₹6.64 crore, and got listed on the BSE SME platform in January 2025.
Positive for sentiment — this adds a marquee luxury hospitality client and follows the Taj win, strengthening credibility in the premium hotel supply segment. However, the ₹3 crore order size is small relative to existing revenue (~5% of FY24 sales), so the immediate financial impact is limited but the strategic direction is encouraging.