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Leo Dryfruits & Spices Trading Ltd (544329)

📊 BSE: 544329 🏢 Other Food Products 📢 Latest filing: 16 Oct 2026

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, Leo Dryfruits' revenue was ₹53.0 Cr, and net profit ₹5.0 Cr; the operating margin was 15.1%.

Q4 FY26 (₹ Cr)	Value	YoY	QoQ
Revenue	₹53.0	—	—
Operating profit	₹8.0	—	—
Net profit	₹5.0	—	—
EPS (₹)	2.66	—	—
Operating margin	15.1%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Leo Dryfruits Approves Rs 42 Cr Preferential Warrant Issue at Rs 60/Share

🟢 POSITIVE ⭐ 9/10

FUNDRAISE 📅 16 Oct 2026, 05:41 PM

Leo Dryfruits & Spices Trading has scrapped its previous warrant issue proposal from August 2026 and approved a fresh preferential issue of up to 70,00,000 fully convertible warrants at Rs 60 each, aggregating to Rs 42.00 crore. The warrants are offered to 9 non-promoter public investors, with 25% payable upfront (Rs 15/warrant) and the remaining 75% payable upon exercise within 18 months. The proceeds are intended primarily for working capital (Rs 36.00 crore) and general corporate purposes (Rs 6.00 crore). Relative to the company's net worth of Rs 74 crore, the Rs 42 crore fundraise represents a significant 56.8% capital addition if fully exercised.

Approved fresh issue of up to 70,00,000 convertible warrants at Rs 60 per warrant, raising up to Rs 42.00 crore
Discontinued earlier proposal approved in August 2026 to issue warrants at Rs 55 per warrant
Warrant issue represents 28.12% dilution on post-issue fully diluted capital of 2,48,91,440 shares
Proceeds earmarked for working capital (Rs 36.00 crore) and general corporate purposes (Rs 6.00 crore)
Upfront collection is 25% (Rs 15 per warrant) with conversion exercisable within 18 months

💡 Track shareholder approval at the upcoming EGM and in-principle approval from BSE Limited, followed by receipt of the initial 25% subscription funds.

Leo Dryfruits to Meet on Oct 16 to Withdraw Old Warrants Issue and Consider Fresh Preferential Issue

🔵 WATCH ⭐ 6/10

FUNDRAISE 📅 13 Oct 2026, 04:22 PM

Leo Dryfruits & Spices Trading Ltd has scheduled a Board of Directors meeting on October 16, 2026, to consider discontinuing and withdrawing an earlier preferential issue of share warrants approved on August 8, 2026, and by shareholders on September 4, 2026. Concurrently, the Board will evaluate a fresh proposal for raising funds through a new preferential issue of convertible share warrants. The meeting will also consider approving a draft notice for an Extra-Ordinary General Meeting (EGM) to seek member approval for the revised issue.

Board meeting scheduled for October 16, 2026 to evaluate capital raising proposals.
Proposes supersession and withdrawal of previous share warrants approved by members on September 4, 2026.
Proposes a fresh preferential issue of share warrants convertible into equity shares.
Trading window closed from October 13, 2026 until 48 hours post-board meeting.

💡 Track the outcome of the October 16, 2026 board meeting for details on the fresh issue size, pricing, dilution terms, and intended use of funds.

Leo Dryfruits Signs as Principal Sponsor of Rajasthan Spikers for VCL Season 1

🟡 NEUTRAL ⭐ 3/10

OTHER 📅 07 Oct 2026, 03:54 PM

Leo Dryfruits & Spices Trading Ltd has entered into an agreement with Bakliwal Volleysports Pvt. Ltd. to become the Principal Sponsor of Rajasthan Spikers for Season 1 of the Volleyball Champions League (VCL). The tournament takes place from October 06, 2026 to October 23, 2026 in Noida, with team matches starting October 08, 2026. Deliverables include front chest jersey placement, 250 seconds of FCT advertising inventory on Sony Sports/SonyLIV, and on-ground branding. The commercial spend or financial consideration for this sponsorship was not disclosed.

Confirmed as Principal Sponsor of Rajasthan Spikers for VCL Season 1 from October 06 to October 23, 2026
Secured front chest jersey placement and 250 seconds of FCT advertising inventory on Sony Sports/SonyLIV
Arrangement executed on October 06, 2026; Rajasthan Spikers matches commence October 08, 2026
Total financial commitment or sponsorship consideration not disclosed

💡 Monitor upcoming quarterly financial results to evaluate if promotional expenses lead to measurable traction in top-line retail sales.

Leo Dryfruits Re-appoints Ketan Shah as WTD & CFO; Hikes Pay to ₹18 Lakh/Year

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 27 Aug 2026, 04:59 PM

The Board of Leo Dryfruits & Spices Trading Ltd has approved the re-appointment of Mr. Ketan Sobhagchand Shah as Whole-Time Director & CFO for a 5-year term from September 1, 2026 to August 31, 2031. His annual remuneration has been revised from ₹12,00,000 to ₹18,00,000 effective April 1, 2026, subject to shareholder approval. Mr. Ketan Shah holds 20,45,050 equity shares (11.43% stake) and is the brother of Chairman & Managing Director Kaushik Shah.

Re-appointed as Whole-Time Director & CFO for 5 years from Sept 1, 2026 to Aug 31, 2031
Annual remuneration revised to ₹18,00,000 from ₹12,00,000 w.e.f. April 1, 2026
Appointee holds 20,45,050 equity shares, representing an 11.43% stake in the company
Approval is subject to shareholder vote at the upcoming Annual General Meeting

💡 Track shareholder voting results at the upcoming Annual General Meeting regarding the re-appointment and remuneration revision.

Leo Dryfruits Signs Exclusive Deal for 'Kinjal' Brand; 2% Royalty Fee

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 13 Aug 2026, 05:49 PM

Leo Dryfruits & Spices Trading Ltd has entered into an exclusive sales and distribution agreement with Vijay Ratilal Mehta HUF for the 'Kinjal' brand. The agreement grants the company exclusive rights to procure and sell ready-to-eat and packaged food products globally and includes a provision for the eventual transfer of brand ownership. The company will pay a 2% royalty on net sales derived from the brand, with no other additional financial outflows disclosed. This move is intended to diversify the company's portfolio beyond dry fruits into the higher-margin packaged food segment.

Exclusive rights to procure, distribute, and sell 'Kinjal' brand products both in India and internationally.
Royalty payment fixed at 2% on net sales/revenue derived from the use of the brand.
Agreement includes the transfer/acquisition of ownership rights in the 'Kinjal' brand to the company.
The deal was executed on August 11, 2026, and involves no additional financial obligations beyond the royalty.
Strategic entry into the ready-to-eat segment to leverage the company's TTM revenue base of ₹279 Cr.

💡 Investors should monitor upcoming quarterly results to see the revenue contribution from the 'Kinjal' brand and whether the 2% royalty impacts the current 14% operating profit margins.

Rs 38.50 Cr Fundraise via Preferential Issue of 70 Lakh Convertible Warrants

🟢 POSITIVE ⭐ 9/10

FUNDRAISE 📅 12 Aug 2026, 11:32 AM

Leo Dryfruits & Spices Trading Ltd has scheduled an Extraordinary General Meeting (EGM) for September 4, 2026, to approve a Rs 38.50 Cr fundraise. The company proposes to issue 70,00,000 convertible warrants at a price of Rs 55 per warrant to both promoters and non-promoters. This capital infusion is significant, representing approximately 52% of the company's current net worth of Rs 74 Cr. Promoters will contribute Rs 13.20 Cr (34% of the issue), signaling strong internal commitment.

Issuance of 70,00,000 fully convertible warrants at an issue price of Rs 55 each
Total fundraise of Rs 38.50 Cr, equivalent to ~52% of the company's net worth
Promoters Kaushik Shah and Ketan Shah to subscribe to 24,00,000 warrants (Rs 13.20 Cr)
Warrant holders to pay 25% (Rs 9.625 Cr) upfront, with the remaining 75% payable within 18 months
Relevant date for pricing determination set as August 5, 2026

💡 Monitor the EGM voting results on September 4, 2026, and subsequent announcements regarding the specific utilization of these funds for growth or debt reduction.

₹38.50 Cr Fundraise: Leo Dryfruits to Issue 70 Lakh Convertible Warrants at ₹55/share

🟢 POSITIVE ⭐ 9/10

FUNDRAISE 📅 08 Aug 2026, 06:04 PM

Leo Dryfruits & Spices Trading Ltd has approved a preferential issue of 70,00,000 fully convertible warrants at ₹55 per warrant, totaling ₹38.50 crore. This fundraise is significant, representing approximately 52% of the company's current net worth of ₹74 crore. Promoters are participating by subscribing to 24,00,000 warrants (34% of the issue), signaling confidence. The capital is intended for working capital, debt repayment, and business expansion, with 25% of the total amount payable upfront.

Total fundraise of ₹38.50 crore through the issuance of 70,00,000 fully convertible warrants.
Issue price of ₹55 per warrant, with 25% (₹9.625 Cr) payable at the time of allotment.
Promoters Kaushik Sobhagchand Shah and Ketan Sobhagchand Shah to subscribe to 12,00,000 warrants each.
Warrants are convertible into equity shares within a period of 18 months from allotment.
Fundraise amount is nearly equal to the company's total debt of ₹37 crore as per latest context.

💡 Investors should monitor the upcoming Extraordinary General Meeting (EGM) for shareholder approval and subsequent regulatory clearances. The key metric to watch will be the actual utilization of funds toward debt reduction versus growth-oriented capital expenditure.

Board Meeting on Aug 8 to Evaluate Multi-Mode Fundraise Options

🔵 WATCH ⭐ 7/10

FUNDRAISE 📅 03 Aug 2026, 05:04 PM

Leo Dryfruits & Spices Trading Ltd has scheduled a board meeting for August 8, 2026, to consider raising funds through various instruments including equity, preference shares, and debt. The company is exploring multiple routes such as QIP, Rights Issue, and Private Placement. This follows a period of significant growth, with FY26 revenue reaching ₹174 Cr compared to ₹87 Cr in FY25. Investors should note the current debt-to-equity ratio of 0.50 and a net worth of ₹74 Cr as the company evaluates its capital structure.

Board meeting scheduled for August 8, 2026, to discuss fund raising in one or more tranches.
Modes under consideration include Equity, QIP, Rights Issue, and Non-Convertible Debentures (NCDs).
Company reported TTM revenue of ₹279 Cr and a TTM PAT of ₹21 Cr.
Current debt stands at ₹37 Cr against a net worth of ₹74 Cr as per latest available data.
Trading window is closed for designated persons until 48 hours after the board meeting outcome.

💡 Monitor the outcome of the August 8 board meeting to identify the specific fundraise amount, the chosen instrument (equity vs. debt), and the intended use of proceeds.

Leo Dryfruits Receives IRCTC Category A Empanelment for Millet-Based Products

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 30 Jul 2026, 01:35 PM

Leo Dryfruits & Spices Trading Ltd has secured a Letter of Empanelment from IRCTC under Category A for its 'VANDU' brand millet products. This empanelment allows the company to participate in procurement bids for premium train services including Vande Bharat, Rajdhani, and Shatabdi. While the filing does not specify a guaranteed order value, it opens a significant institutional sales channel. Given the company's TTM revenue of ₹279 Cr and 14% OPM, successful conversion into orders could notably impact future top-line growth.

Empaneled under Category A for 'Millet Based Products' including Millet Mix and Millet Chikki.
Eligible to supply to premium trains like Vande Bharat, Tejas, Rajdhani, and Shatabdi.
Company reported TTM revenue of ₹279 Cr and TTM PAT of ₹21 Cr as of the latest period.
Empanelment covers both mobile catering (trains) and static catering units across India.
Promoter holding remains stable at 38.11% as of June 2026.

💡 Investors should monitor future disclosures for specific purchase orders or contract wins from IRCTC to quantify the actual revenue contribution from this channel.

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