Shares of Leo Dryfruits & Spices Trading Ltd surged 2% on 11 August after the company announced securing a substantial government-linked supply order comprising whole spices, blended spices, dry fruits, ghee, and namkeen, worth an estimated Rs 25-30 crore.

The company has earned a large one-year supply contract with Kendriya Police Kalyan Bhandar (KPKB), which is part of the Ministry of Home Affairs in India. Whole spices, blended spices, dry fruits, ghee, and namkeen will be supplied through its sole selling agency, M/s J Ketankumar Co.

The deal is projected to be worth Rs 25-30 crore, based on probable purchase orders within the agreement period. However, the execution will be managed by the promoter group firm, M/s J Ketankumar Co., which is the proprietorship concern of Ketan Sobhagchand Shah, the Company’s Whole Time Director and CFO. This organisation will serve as the company’s sole agent for KPKB-related procurement, marketing, sales, and order fulfilment in India.

Leo Dryfruits & Spices Trading Ltd manufactures, processes, trades, and markets a variety of spices, dry fruits, and grocery products under the VANDU brand, as well as frozen/semi-fried products under the FRYD brand. Its portfolio includes whole and blended spices, plain, roasted, and flavoured dry fruits, ghee, seasonings, and snack goods in a variety of packaging sizes.

However, at 2:05 pm, the shares of Leo Dryfruits were trading flat at Rs 74 on NSE.

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