Shares of Leo Dryfruits & Spices Buying and selling Ltd surged 2% on 11 August after the corporate introduced securing a considerable government-linked provide order comprising entire spices, blended spices, dry fruits, ghee, and namkeen, value an estimated Rs 25-30 crore.
The corporate has earned a big one-year provide contract with Kendriya Police Kalyan Bhandar (KPKB), which is a part of the Ministry of House Affairs in India. Entire spices, blended spices, dry fruits, ghee, and namkeen shall be equipped by its sole promoting company, M/s J Ketankumar Co.
The deal is projected to be value Rs 25-30 crore, based mostly on possible buy orders inside the settlement interval. Nonetheless, the execution shall be managed by the promoter group agency, M/s J Ketankumar Co., which is the proprietorship concern of Ketan Sobhagchand Shah, the Firm’s Entire Time Director and CFO. This organisation will function the corporate’s sole agent for KPKB-related procurement, advertising, gross sales, and order fulfilment in India.
Leo Dryfruits & Spices Buying and selling Ltd manufactures, processes, trades, and markets quite a lot of spices, dry fruits, and grocery merchandise below the VANDU model, in addition to frozen/semi-fried merchandise below the FRYD model. Its portfolio consists of entire and blended spices, plain, roasted, and flavoured dry fruits, ghee, seasonings, and snack items in quite a lot of packaging sizes.
Nonetheless, at 2:05 pm, the shares of Leo Dryfruits have been buying and selling flat at Rs 74 on NSE.
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