Leo Dryfruits & Spices Enters Supply Agreement with Haldiram
Mumbai, March 20, 2026: Leo Dryfruits & Spices Trading Limited announced that its subsidiary, Vandu Food Processing Private Limited (VFPPL), has entered into a Supply Agreement with Haldiram Marketing Private Limited, a leading FMCG company in India.Under the agreement, VFPPL will process and supply cashew nuts and related food products, adhering to specifications, quality standards, and instructions from Haldiram. The scope includes converting raw cashew nuts into finished products like cashew pieces and cashew powder.
Key Highlights of the Agreement
The partnership with Haldiram strengthens Leo Dryfruits & Spices’ position in the institutional and B2B segment. The agreement reflects confidence in the company’s processing capabilities, quality standards, and supply reliability.The company anticipates generating approximately 2150 crore in revenue per annum following the commissioning of the processing facility. Revenue will be based on purchase orders and is subject to actual execution and offtake.
This agreement supports the company's transition towards a value-added, processing-driven business model, enhancing operational scalability and efficiency over time. It will enable efficient utilization of upcoming processing capacities and provides an opportunity to expand product offerings and deepen relationships within the FMCG supply chain.
Mr. Kaushik Sobhagchand Shah, Chairman & Managing Director, stated that the agreement marks an important step in strengthening processing capabilities and expanding presence in the institutional segment. He added that the association with Haldiram reflects confidence in the company's operational capabilities and provides opportunities for long-term business growth.
Leo Dryfruits & Spices Trading Limited operates across trading, processing, and marketing of spices, dry fruits, and food products. The company continues to expand its presence across domestic and international markets with a growing focus on value-added offerings and branded products.
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