Pursuant to Regulation 30 of SEBI (LODR) Regulations, this is to inform you that Board of Directors approved incorporation of subsidiary with name Vandu Food Processing Private Limited. ....
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's Board has approved the incorporation of a new subsidiary called Vandu Food Processing Private Limited, whose name has been cleared by the Registrar of Companies on December 16, 2025. The company along with its nominee will subscribe to 51% of the equity share capital of the new entity at face value, funded through cash, with an authorized capital of INR 1,00,000. The subsidiary will operate in the food processing industry, focusing on processing, manufacturing, grading, roasting, packing, trading, importing, exporting and marketing of cashew nuts, dry fruits, nuts, spices and allied edible products. The business is aligned with the parent's existing line of operations, and the new entity will become a related party once incorporated.
This is a small, strategic greenfield expansion within the company's core food business vertical. Given the modest authorized capital of INR 1 lakh and 51% stake at face value, the financial impact on shareholders is likely limited but it sets the stage for a more focused push into cashew and food processing activities.