Leo Dryfruits & Spices Trading Ltd. Enters Supply Agreement with Haldiram
Leo Dryfruits & Spices Trading Limited announced on March 19, 2026, that its subsidiary, Vandu Food Processing Private Limited (VFPPL), has entered into a Supply Agreement with Haldiram Marketing Private Limited, effective March 19, 2026.Under the agreement, VFPPL will process and supply processed cashew nuts, related products, and other food products according to specifications and quality standards provided by Haldiram. The agreement involves the processing of raw cashew nuts into finished products, including broken cashew pieces and cashew powder.
The agreement has a term of five years, renewable by mutual consent, and is considered to be in the ordinary course of business. Leo Dryfruits & Spices Trading Limited anticipates generating revenue of approximately ₹150 crores per annum following the commissioning of the processing facility.
No individuals connected to the company have any interest in Haldiram Marketing Private Limited, and the agreement does not constitute a related party transaction.
Details of the Agreement:
| Particulars | Details |
|---|---|
| Entity Awarding the Contract | Haldiram Marketing Private Limited |
| Significant Terms and Conditions | Processing and supply of processed cashew nuts, related products, and other food products; adherence to quality standards, specifications, packaging, and instructions prescribed by Haldiram; pricing and commercial terms as mutually agreed |
| Nature of Contract | Supply Agreement for processing and supply of processed cashew nuts, related products and other food products |
| Contract Term | 5 years from Effective date (renewable on mutual consent) |
| Size / Consideration | Not fixed; based on purchase orders and actual quantities to be supplied |
| Domestic or International | Domestic |
| Interest in Awarding Entity | No |
| Related Party Transaction | No |
The agreement is expected to strengthen the company’s market position and create additional growth opportunities.
Kaushik Sobhagchand Shah, Chairman and Managing Director, signed off on the agreement.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.