Spice Lounge Food Works Limited has issued a formal clarification to BSE Limited regarding the significant movement observed in its share price, confirming that the company remains compliant with all regulatory disclosure requirements.

Regulatory Compliance Statement

In its communication dated April 10, 2026, the company addressed BSE's inquiry about unusual price movement in its shares. The management confirmed full compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, stating that all events and information affecting company operations and performance have been promptly disclosed to stock exchanges.

Management's Position on Price Movement

The company's leadership, represented by Chairman/Director Mohan Babu Karjela, explicitly stated that no material information or announcements remain undisclosed that could influence the share price behavior. The management emphasized that all price-sensitive information has been shared with stock exchanges as required under applicable regulations.

Key points from the clarification include:

• No undisclosed material information affecting share performance
• No impending announcements that could impact stock price
• All price-sensitive information has been disclosed to exchanges
• Continued commitment to regulatory compliance

Market-Driven Movement Declaration

The company categorically stated that the observed movement in share price is "purely market driven," indicating that external market forces rather than undisclosed corporate developments are responsible for the price fluctuations. This clarification aims to address any speculation about potential undisclosed information affecting the stock's performance.

Spice Lounge Food Works Limited, operating under CIN L151226TG1981PLC114084, assured continued transparency by committing to keep stock exchanges informed of any material information as required under applicable regulations. The formal response demonstrates the company's adherence to corporate governance standards and regulatory compliance in addressing market inquiries.

Spice Lounge Food Works Limited has announced a major expansion into the global entertainment circuit with the presentation of Circoloco Mumbai 2026 through its experiential platform XORA World. The event, scheduled for April 19, 2026 at Jio World Garden, Mumbai, represents India's official entry into the internationally recognized Circoloco brand ecosystem.

Global Underground Icon Comes to India

Founded in 1999 at DC-10 Ibiza, Circoloco has established itself as one of the world's most respected underground music and lifestyle brands. The brand's global presence spans multiple international markets including Ibiza, London, Paris, New York, Miami, Tulum, and Dubai, with Mumbai now joining this prestigious circuit.

International Artist Lineup

The Mumbai edition will showcase a curated selection of leading figures from the global underground house and techno ecosystem. The confirmed international lineup includes:

• Marco Carola
• Michael Bibi
• Chris Stussy
• Mau P
• Beltran
• Jamback
• Sweeny

These artists collectively represent the cutting edge of the international underground music scene, bringing their expertise to the Indian market for the first time under the Circoloco banner.

Large-Scale Venue Infrastructure

Jio World Garden, Mumbai serves as the host venue, offering premium outdoor facilities engineered for high-capacity live entertainment. The venue specifications demonstrate the scale and ambition of the event:

Strategic Business Development

The Circoloco announcement represents a continuation of the company's structured experiential pipeline under XORA World. This initiative follows recent announcements including the Ilaiyaraaja 50-year cultural celebration and the Black Coffee India Tour presentation, demonstrating the company's systematic approach to large-format cultural experiences.

The expansion into globally recognized touring circuits positions the company to leverage internationally benchmarked intellectual property while diversifying revenue streams beyond its core food and beverage operations. The initiative aims to deepen premium consumer engagement and enhance ecosystem synergies across the company's restaurant and nightlife brands.

Management Perspective

Mr. Mohan Babu Karjela, Chairman & Director of Spice Lounge Food Works Limited, emphasized the strategic significance of the partnership: "Circoloco is not just an event — it is a globally respected cultural institution. Bringing this platform to Mumbai signals the next stage of XORA World's evolution. With India entering the global Circoloco map, we are positioning Spice Lounge Food Works as an integrated hospitality and experiential company capable of executing internationally benchmarked formats."

The company operates a diversified portfolio across food, beverage, nightlife and experiential platforms, including proprietary and franchised brands such as Blaze Kebabs, Xora, Salud, Buffalo Wild Wings and Wing Zone. Through XORA World, the company continues developing large-format cultural and entertainment experiences across key metro markets, establishing itself as a multi-category lifestyle platform.