This is in reference to our earlier intimation dated July 4, 2025 whereby we had informed the execution of a Leave and License Agreement with M/s Amson Tek Pvt Ltd for premises located ....
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Awaiting price reaction for this filing.
Leo Dryfruits & Spices Trading Ltd has mutually cancelled the Leave and License Agreement with M/s Amson Tek Pvt Ltd for a proposed additional manufacturing facility at Plot No. A-671, TTC Industrial Area, MIDC, Borivali, Navi Mumbai. The original agreement, signed on July 4, 2025, was for 3 years (July 2025 to June 2028) at monthly license fees ranging from Rs 6.80 lakh to Rs 7.49 lakh. The lessor expressed inability to comply with certain agreed terms during an in-person meeting on July 21, 2025, leading to mutual termination effective the same day. The company will vacate the 1,000 sq. mtrs premises by August 15, 2025, and is now searching for an alternate property to expand its manufacturing capacity for Namkeen, Farsan, dry fruits, and spices.
This is a minor setback to the company's planned manufacturing capacity expansion, but since no operations had commenced at the new facility and the lease was only recently signed, the financial impact is limited. The delay in finding an alternate property could modestly postpone growth plans, though the company has committed to keeping the exchange informed of any new lease.