Pursuant to Regulation 30 read with Schedule III and other applicable provisions of the SEBI (LODR), we wish to inform you that the Board of Directors of Leo Dryfruits & Spices Trading Limited ("Company"), at its meeting held today, i.e., Friday, October 16, 2026, has, inter alia, considered and approved the following: 1. Discontinuation of the earlier proposal for preferential issue of 70,00,000 Fully Convertible Warrants at an issue price of ?55/- ....

LEO DRYFRUITS & SPICES TRADING LIMITED CIN No. : L10799MH2019PLC333102 « GST No. : 27AAECL0791L1Z6 E : leodryfruit@gmail.com « M : +91-70211 81554 PLOT NO. A- 812, THANE-BELAPUR ROAD, MIDC KHAIRANE, TTC INDUSTRIAL AREA, KOPER KHAIRANE, NAVI MUMBAI - 400710 Date: October 16, 2026 The Manager— Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400001 Scrip Code: 544329 Subject: Outcome of the Meeting of the Board of Directors held on October 16, 2026 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule Il and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that the Board of Directors of Leo Dryfruits & Spices Trading Limited ("Company"), at its meeting held today, i.e., Friday, October 16, 2026, has, inter alia, considered and approved the following: 1. Discontinuation of the earlier proposal for preferential issue of Fully Convertible Warrants The Board has approved the discontinuation of the proposal for the issue of up to 70,00,000 Fully Convertible Warrants at an issue price of X55/- per Warrant on a preferential basis, approved by the Board at its meeting held on August 08, 2026 and by the Members by way of a Special Resolution passed at the Extraordinary General Meeting held on September 04, 2026 ("Earlier Issue"). No application for in-principle approval was made to BSE Limited in respect of the Earlier Issue, no Warrants have been allotted and no subscription money has been received under the Earlier Issue. The Board resolution dated August 08, 2026 and the Special Resolution dated September 04, 2026 relating to the Earlier Issue shall not be acted upon and stand superseded by the fresh proposal set out below. 2. Approval for raising of funds by way of a fresh Preferential Issue of Fully Convertible Warrants Subject to the approval of the Members of the Company and such statutory, regulatory and other approvals as may be required, including the in-principle approval of BSE Limited, the Board has approved raising of funds by way of issue of up to 70,00,000 (Seventy Lakh) Fully Convertible Warrants ("Warrants") on a preferential basis to the proposed allottees belonging to the Public (Non-Promoter) category, in accordance with the provisions of the Companies Act, 2013, the rules framed thereunder, the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations"), the SEBI Listing Regulations and other applicable laws. BRANCH ADD. : D-48, APMC MARKET- 1, PHASE - II, VASHI , NAVI MUMBAI, THANE, MAHARASHTRA- 400 705. Each Warrant shall carry an entitlement to subscribe to and be allotted one (1) fully paid-up Equity Share of the Company having a face value of X10/- each at an issue price of X60/- (Rupees Sixty only) per Warrant, aggregating up to %42,00,00,000/- (Rupees Forty-Two Crore only), on such terms and conditions as approved by the Board. None of the Promoters or members of the Promoter Group is a proposed allottee. The Relevant Date for determination of the floor price is Thursday, October 15, 2026. The issue price of %60/ per Warrant is not lower than the floor price of X59.36/-, being the higher of (i) the price of X59.36/- determined in accordance with Regulation 164(1) of the SEBI ICDR Regulations, (Ninety Trading Day Volume Weighted Average Price preceding the relevant date equals Rs 58.20, Ten Trading Days Volume Weighted Average Price preceding the relevant date equals Rs 59.36) and (ii) the price of %53.45/- determined under the valuation report dated October 15, 2026 issued by Mr. Priyesh Somaiya, Registered Valuer (IBBI Registration No. IBBI/RV/06/2020/13078), obtained in terms of Regulation 166A of the SEBI ICDR Regulations. The disclosures required under Regulation 30 of the SEBI Listing Regulations read with the applicable SEBI Circular are enclosed as Annexure A, and the details of the proposed allottees as Annexure A-1. 3. Approval to convene Extraordinary General Meeting The Board has approved convening an Extraordinary General Meeting ("EGM") of the Members of the Company through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM") to seek the approval of the Members for the aforesaid preferential issue, and approved the draft Notice of the EGM. The Board has appointed Mr. Ritul Parmar (Membership No. F13125), Proprietor of M/s. Ritul Parmar & Associates, Practising Company Secretaries, as the Scrutinizer for the e-voting process. The date of the EGM, the cut-off date for e-voting and the Notice of the EGM shall be intimated to the Stock Exchange separately, and the Notice shall be sent to the Members in accordance with the applicable provisions of the Companies Act, 2013 and the SEBI Listing Regulations. 4. Meeting timings The Meeting of the Board of Directors commenced at 4.30 p.m. and concluded at 4.45 p.m. This intimation is also being made available on the website of the Company at www.leodryfruitsandspices.com. Kindly take the above information on record. Yours faithfully, For Leo Dryfruits & Spices Trading Limited Kaushik Sobhagchand Shah Chairman & Managing Director DIN: 09484633 Encl.: As above Annexure A Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11,2024 Sr.No. | Particulars Disclosure 1 Type of securities proposed to Fully Convertible Warrants ("Warrants"), each carrying a be issued right exercisable by the Warrant holder to subscribe to and be allotted one (1) fully paid-up Equity Share of the Company having a face value of X10/- each. 2 Type of issuance Preferential issue on a private placement basis in accordance with the Companies Act, 2013 and Chapter V of the SEBI ICDR Regulations. 3 Total number of securities Up to 70,00,000 (Seventy Lakh) Warrants at an issue proposed to be issued ort he price of X60/- per Warrant, aggregating up to total amount for which the %42,00,00,000/- (Rupees Forty-Two Crore only). securities will be issued (approximately) 4 Issue price %60/- per Warrant (including a premium of %50/-), determined in accordance with Regulation 164 read with Regulations 161 and 166A of the SEBI ICDR Regulations, considering the Relevant Date of October 15, 2026. The floor price is X59.36/-, being the higher of the price under Regulation 164(1) (Ninety Trading Day Volume Weighted Average Price preceding the relevant date equals Rs 58.20, Ten Trading Days Volume Weighted Average Price preceding the relevant date equals Rs 59.36). The price as per the valuation report dated October 15, 2026 of Mr. Priyesh Somaiya, Registered Valuer (IBBI/RV/06/2020/13078) (X53.45/-). 5 Nature of consideration Cash. 6 Details of proposed allottees As per Annexure A-1. 7 Number of proposed allottees | Nine (9). 8 Number of potential Equity Up to 70,00,000 (Seventy Lakh) Equity Shares, assuming Shares exercise of all the Warrants. 9 Whether the proposed No. All nine (9) proposed allottees belong to the Public allottees belong to Promoter/ (Non-Promoter) category. Promoter Group Sr. No. Particulars Disclosure 10 Whether the proposed No. None of the proposed allottees is a related party of allottees are related parties the Company. 4D Post-allotment outcome of the Upon exercise, each Warrant shall be converted into one subscription Equity Share of the Company. The Equity Shares so allotted shall rank pari passu in all respects with the existing Equity Shares. Post-issue shareholding of the allottees is given in Annexure A-1. 12 Terms of conversion and Each Warrant shall be convertible into one Equity Share tenure at the option of the holder, in one or more tranches, within 18 (Eighteen) months from the date of allotment. 13 Amount payable on allotment At least 25% of the issue price, i [Showing first 8,000 characters — download PDF for full document]