Spice Lounge Food Works opens second Wing Zone outlet in Bengaluru

1 min read     Updated on 20 Jul 2026, 11:32 PM
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Spice Lounge Food Works opened its second Wing Zone outlet in Anjanapura, Bengaluru, between August and September 2026, following the first outlet launch in Koramangala in May 2026. The company is executing a phased expansion roadmap, with Phase 1 covering Koramangala and Anjanapura, Phase 2 targeting additional Bengaluru outlets, and Phase 3 focusing on Hyderabad and Chennai. The expansion supports the company's strategy to build a diversified, multi-brand food services platform.

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Spice Lounge Food Works opened its second Wing Zone outlet in Anjanapura, Bengaluru, between August and September 2026, expanding the American quick service restaurant (QSR) brand's presence in South India. This development follows the company's inaugural launch in Koramangala in May 2026. The new outlet targets the growing student and residential community in Anjanapura, 6th Block, offering signature wings, burgers, wraps, and value-driven options through dine-in, takeaway, and delivery channels.

The company secured exclusive master franchise rights for Wing Zone to lead the brand's development and nationwide expansion. The Indian market opportunity is driven by rising demand for premium chicken QSR brands, growing preference for global food experiences, rapid urbanisation, and increasing disposable incomes.

Expansion Strategy

The company is executing a phased expansion roadmap for Wing Zone in India. The initial phase focuses on establishing a strong presence in Bengaluru before moving to other metropolitan cities.

Phase Locations
Phase 1 Koramangala, Bengaluru; Anjanapura, Bengaluru
Phase 2 Additional outlets across Bengaluru
Phase 3 Hyderabad, Chennai, and other major metropolitan cities

Koramangala was selected as the launch destination due to its vibrant food and beverage ecosystem and high concentration of young professionals. The Anjanapura location extends this reach to South Bengaluru's residential clusters, supported by hyperlocal marketing and community-led launch campaigns.

Brand Portfolio

Spice Lounge Food Works is building a diversified portfolio of food brands. The addition of Wing Zone complements its existing brands, which include Buffalo Wild Wings, Blaze Kebabs, and TekSoft Systems Inc. The company stated that this partnership reinforces its commitment to building a diversified, multi-brand food services platform in India.

Historical Stock Returns for Spice Lounge Food Works

1 Day5 Days1 Month6 Months1 Year5 Years
-2.39%+7.14%-1.81%-7.81%-38.26%+1,108.74%

What is the expected timeline for completing Phase 2 and entering Phase 3 metropolitan cities like Hyderabad and Chennai?

How will the company adapt Wing Zone's menu and pricing strategies to compete with established local QSR players in new markets?

What are the specific investment targets or store count goals for the brand's nationwide expansion over the next five years?

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Spice Lounge Food Works reclassifies outgoing promoters to public category

1 min read     Updated on 29 May 2026, 12:40 AM
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Spice Lounge Food Works Limited has reclassified its outgoing promoter group to the public category following the completion of an open offer. The company confirmed that the conditions specified in Regulation 31A of the SEBI LODR Regulations were satisfied as of May 28, 2026. The reclassification process utilizes an exemption available under Regulation 31A(10).

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Spice Lounge Food Works Limited has reclassified its outgoing promoter group to the public category following the completion of an open offer. The company confirmed that the conditions specified in Regulation 31A(3)(b) read with Regulation 31A(10) of the SEBI LODR Regulations were satisfied as of May 28, 2026. The reclassification was executed using the exemption available under Regulation 31A(10) of the SEBI LODR Regulations.

The company stated that the procedural requirements ordinarily applicable under Regulation 31A(3)(a), Regulation 31A(3)(c), and the relevant clauses of Regulation 31A(8) are not applicable to the present reclassification. The company has requested the stock exchanges to update the shareholding pattern to reflect the change in classification from the promoter category to the public category with effect from the date of filing.

Outgoing Promoter Group Details

The following entity from the outgoing promoter group was reclassified:

Name Category Shares Held % of Total Voting Capital
IT Trailblazers Resources Private Limited Promoter Nil Nil
Total Nil Nil

Current Promoter and Promoter Group Holding

As of May 22, 2026, the holding of the present promoter and promoter group is detailed below:

Name Category Shares Held Percentage (of total capital)
Mohan Babu Karjela Promoter 28,13,71,570 40.36
M Kitchens Private Limited Promoter Group 9,96,00,000 14.29
Venugopal Naidu Kongarla Venkatesh Promoter 6,40,10,850 9.18
Spice Lounge LLP Promoter 37,35,480 0.54
Ramesh Naidu Veluru Promoter Group 0 0
Total Total 44,87,17,900 64.37

Historical Stock Returns for Spice Lounge Food Works

1 Day5 Days1 Month6 Months1 Year5 Years
-2.39%+7.14%-1.81%-7.81%-38.26%+1,108.74%

How will the reduction in promoter concentration influence the company's corporate governance standards and shareholder voting dynamics?

What strategic shifts or management changes should investors anticipate following the exit of the previous promoter group?

Is the current promoter group planning to further dilute their stake, or will they maintain the 64.37% holding in the near term?

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1 Year Returns:-38.26%