Press Release for execution of Share Purchase Agreement to acquire 60% stake in STK Food Processing Private Limited is enclosed. Kindly take the same on record
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Leo Dryfruits & Spices Trading Ltd has signed a Share Purchase Agreement to acquire a 60% equity stake in STK Food Processing Pvt. Ltd., which manufactures Makhana and Chana Sattu products under the brand 'POPMAK'. STK is an existing supplier to the Canteen Stores Department (CSD), Ministry of Defence, with 7 products registered. Leo Dryfruits already has 9 products listed with CSD, so the combined portfolio will rise to 16 products, strengthening its B2G and institutional channel presence. The deal is aimed at cross-selling, distribution synergies, and expanding the high-value product portfolio. Leo Dryfruits is listed on the BSE SME platform (code 544329) and reported H1 FY26 revenue of ₹53.45 crore, up ~199% year-on-year.
Positive for shareholders — the acquisition is expected to boost product portfolio, deepen CSD/institutional reach, and support future topline growth, though deal completion terms and financial impact are yet to be detailed.