We wish to inform you that Company has executed a Share Purchase Agreement on December 5, 2025 for acquisition of 60% Equity Shareholding in STK Food Processing Private Limited. The ....
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Leo Dryfruits & Spices Trading Ltd has signed a Share Purchase Agreement on December 5, 2025 to acquire 60% equity stake in STK Food Processing Private Limited for Rs 1 crore in cash. The company will also provide an additional Rs 1 crore as a term loan at 12% interest for 24 months, taking the total investment to Rs 2 crore. STK Food Processing manufactures roasted and flavoured makhana under the brand 'POPMAK' and chana sattu products, and has 7 products registered with the Canteen Store Department (Ministry of Defence). STK's revenue stood at Rs 8.39 crore in FY23, Rs 8.16 crore in FY24, and Rs 5.42 crore in FY25, but is expected to generate Rs 20 crore annually going forward. The acquisition is expected to close by January 31, 2026, after which STK will become a subsidiary of Leo Dryfruits.
This acquisition expands Leo Dryfruits' product portfolio into the packaged snack foods segment (makhana) and gives it access to STK's defence canteen distribution channel, supporting cross-selling opportunities. However, the deal size is small (Rs 2 crore total) compared to STK's projected Rs 20 crore revenue, and the target's recent revenue has been declining, so investors should watch for execution and integration progress.