Leo Dryfruits & Spices Trading Limited has acquired a 60% equity stake in STK Food Processing Private Limited for ₹1 crore, with plans to infuse an additional ₹1 crore term loan. The deal aims to expand Leo’s presence in the packaged food segment and leverage STK’s established distribution network for broader market reach.
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
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Leo Dryfruits & Spices Trading Limited acquires 60% equity stake in STK Food Processing Private Limited for ₹1 crore in cash.
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The company will also provide a ₹1 crore term loan to STK Food Processing, repayable after 24 months at 12% interest.
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STK Food Processing is a manufacturer of makhana and chana sattu under the POPMAK brand, with established presence in defence and retail channels.
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The acquisition is not a related party transaction; no promoter or group interest is involved.
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The deal will help Leo Dryfruits expand its packaged food portfolio and leverage STK’s distribution network for cross-selling benefits.
Source: Leo Dryfruits & Spices Trading Limited – BSE Corporate Announcement