Leo Dryfruits & Spices Trading Limited, a BSE-listed company known for its certified food and quality management practices, has secured a noteworthy supply contract with one of India’s most prestigious hospitality brands—Taj Group of Hotels, which operates under Indian Hotels Limited. The announcement, made on April 29, 2025, is in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015, and includes full transparency in line with the SEBI circular dated July 13, 2023.

As per the disclosure, Leo Dryfruits has been selected by Taj Group for the supply of dry fruits, spices, and other food products for a period of one year. The company has achieved both ISO 22000:2018 certification for Food Safety Management and ISO 9001:2015 certification for Quality Management, making it a trusted supplier for elite clientele. The finalized contract includes agreed rates for the goods, while the actual supply volumes will be governed by individual purchase orders (POs) issued by the hotel group during the contract period.

The details of the disclosed order are as follows:

• Name of Awarding Entity: Taj Group of Hotels, part of Indian Hotels Limited

• Nature of Order: Supply of dry fruits, spices, and other food products

• Term of Contract: One year

• Scope of Quantities: Determined as per individual purchase orders (POs)

• Contract Size/Value: Not disclosed at this stage

• Entity Type: Domestic

• Related Party Transaction: No

• Promoter Interest in Awarding Entity: No

The company has emphasized that the financial value of the order cannot be quantified at this point due to the flexible nature of the supply volume, which depends on the frequency and size of POs from the hotel group. However, the management expects this order to have a positive impact on overall business operations, improving the company’s market reach and growth prospects in the highly competitive hospitality and food supply chain sector.

Leo Dryfruits & Spices Trading Limited, with its registered office in Navi Mumbai and a strong logistical presence including a branch at APMC Market, Vashi, has carved a niche in delivering high-quality food ingredients. By securing a contract from Taj Hotels, the company reiterates its commitment to superior product standards, timely delivery, and customized B2B service excellence.

This order also marks a strategic milestone for Leo Dryfruits in penetrating the luxury hospitality segment, which demands the highest levels of quality assurance, traceability, and service responsiveness. Collaborating with a reputed brand like Indian Hotels Company, which operates Taj Hotels, indicates strong brand confidence and sets the tone for future expansions into premium hotel chains and international food supply markets.

The order comes at a time when the hospitality industry is experiencing a resurgence post-pandemic, with increasing demand for health-conscious and premium food ingredients. This alliance allows Leo Dryfruits to showcase its capabilities in bulk supply logistics, multi-location delivery systems, and the ability to maintain product consistency across all units of a national hotel chain.

Moreover, the regulatory filing clearly states that this order does not fall under related party transactions and that no promoter group has any direct or indirect interest in the Taj Group or its parent entity. This adds to the transparency of the transaction and reflects positively on the company’s corporate governance practices.

In conclusion, the announcement represents a key development in Leo Dryfruits’ business journey. While the monetary scope is not yet disclosed, the credibility and scale of this contract is likely to significantly boost investor sentiment, especially given the association with a top-tier hospitality brand. The management has expressed optimism that such deals will open new doors for growth, brand partnerships, and long-term revenue generation.

Leo Dryfruits has requested the stock exchanges and investors to take this information on record. The company remains committed to keeping stakeholders updated on any material developments and will continue to share details of the progress as part of its standard corporate disclosure practices.

The Upcoming IPOs in this week and coming weeks are  Wagons Learning, Srigee DLM, Manoj Jewellers.

The Current active IPO are Kenrik Industries,Arunaya Organics, Ather Energy, Iware Supplychain Services.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.