In furtherance to Company''s intimation on June 5, 2025 in relation to proposed strategic investment of equity shares in Tobox Ventures Private Limited, we wish to inform that Board of ....
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Leo Dryfruits & Spices Trading Ltd had earlier announced a proposed strategic investment by acquiring equity shares in Tobox Ventures Private Limited on June 5, 2025. The Board of Directors met on the same day and decided not to pursue the transaction, cancelling it entirely. The earlier intimation has been withdrawn and treated as null and void from the start. No financial details, valuation, or reasons for the cancellation have been disclosed.
For shareholders, this means the previously announced acquisition deal is off the table, and the company will continue with its existing operations without the planned stake in Tobox Ventures. The stock may see reduced volatility since the anticipated strategic move will no longer materialise.