Press Release on receipt of contract from Canteen Stores Department (CSD), an enterprise under the Ministry of Defence, Government of India
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 secured a supply contract from the Canteen Stores Department (CSD), which operates under India's Ministry of Defence. Under this deal, the company will supply spices, ghee, and other food products to CSD outlets, with rates finalized and supply quantities to be determined by individual purchase orders. The company expects to receive purchase orders totalling approximately ₹25 crore over the first 12 months. For context, Leo's FY24 revenue was ₹62.17 crore, making this contract worth roughly 40% of its annual revenue. The company is listed on the BSE SME platform (since January 8, 2025) and is led by Chairman and Managing Director Kaushik Shah, who called the contract a 'landmark achievement'.
This is a meaningful, prestige-driven institutional win for a recently listed small-cap company — the ₹25 Cr order size is around 40% of FY24 revenue, so successful execution could materially boost top-line growth and margins while strengthening Leo's credibility with future institutional buyers.