StockWatch
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Other Food Products
Business Update27 Oct 2026, 07:50 pm

Leo Dryfruits Leases Navi Mumbai Office Space for 36 Months

AI Summary

Leo Dryfruits & Spices Trading Limited has entered into a Leave and License Agreement for office premises in Turbhe, Navi Mumbai. The agreement is for 36 months, commencing November 26, 2026, with a 24-month lock-in period. The premises, approximately 277.07 sq. metres, will be used for business operations. Monthly license fees range from ₹1,35,000 to ₹1,48,838 over the three-year period. A security deposit of ₹5,00,000 has been paid. This expansion is to support the company's operational activities and is not a related party transaction.

Key Highlights

  • Leased office space in Navi Mumbai for 36 months.
  • Agreement includes a 24-month lock-in period.
  • Monthly license fees range from ₹1,35,000 to ₹1,48,838.
  • Premises to be used for business operations and expansion.
  • Security deposit of ₹5,00,000 paid.