Leo Dryfruits Bites Into POPMAK: Acquires 60% Stake in STK Food Processing

Leo Dryfruits & Spices Trading Limited, a BSE-listed entity with ISO certifications for food safety and quality management, has executed a Share Purchase Agreement on December 5, 2025, to acquire 60% equity shareholding in STK Food Processing Private Limited. Upon completion, STK Food Processing will become a subsidiary of Leo Dryfruits & Spices Trading. The acquisition is in compliance with the Companies Act, 2013, and regulatory requirements, and is expected to be completed by January 31, 2026.

 

STK Food Processing Private Limited, established in July 2012, is known for its POPMAK brand of roasted, flavoured makhana and chana sattu products. The company currently has seven products registered with the Canteen Store Department (CSD) under the Ministry of Defence, with additional products awaiting approval. STK is expected to generate annual revenue of ₹20 crore, and its product line is complementary to Leo Dryfruits’ existing offerings.

 

Notable Updates

Source: Leo Dryfruits & Spices Trading Limited – BSE Corporate Announcement