Deals21 Jul 2025, 09:24 pm
Leo Dryfruits & Spices Trading Ltd Terminates Lease Agreement for Additional Manufacturing Facility
AI Summary
Leo Dryfruits & Spices Trading Ltd has mutually agreed with M/s Amson Tek Pvt. Ltd to terminate the Leave and License Agreement for premises located at Plot No. A-671, TTC Industrial Area, MIDC, Borivali, Navi Mumbai. The decision was taken due to the Lessor's inability to comply with certain terms agreed upon. The Company is currently identifying an alternate property for enhancing its manufacturing capacity.
Key Highlights
- Leo Dryfruits & Spices Trading Ltd and M/s Amson Tek Pvt. Ltd have agreed to terminate the Leave and License Agreement.
- The decision was taken due to the Lessor's inability to comply with certain terms agreed upon.
- The lease arrangement will be terminated with effect from July 21, 2025.
- The Company is identified an alternate property for enhancing its manufacturing capacity.
- The disclosure is made voluntarily in the interest of ensuring transparency and good governance.