In furtherance to our announcement dated December 16, 2025, regarding incorporation of subsidiary, we wish to inform you that Vandu Food Processing Private Limited has been incorporated ....
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Leo Dryfruits & Spices Trading has incorporated a new subsidiary, Vandu Food Processing Private Limited, on February 9, 2026, under the Companies Act, 2013. The company subscribed to 51% of the paid-up equity share capital in cash at face value, giving it majority control. The new subsidiary has an authorized and paid-up share capital of INR 1,00,000 each, with no prior turnover since it was newly incorporated. Vandu Food Processing will engage in processing, manufacturing, grading, roasting, packing, trading, importing, exporting, and marketing of cashew nuts, dry fruits, nuts, spices, and allied edible products. This move aligns with the company's expansion strategy in the food processing segment, complementing its existing dry fruits and spices business.
The subsidiary is newly incorporated with minimal capital (INR 1,00,000), so immediate financial impact on shareholders is negligible. However, it signals management's intent to expand into food processing — a logical extension of the company's core dry fruits and spices business — which could support future growth if the subsidiary scales up operations.