Spice Lounge Food Works opens first Wing Zone outlet in Bengaluru

Spice Lounge Food Works opened its first Wing Zone outlet in Koramangala, Bengaluru, in May 2026, marking the entry of the American quick service restaurant (QSR) brand into India. The outlet is located opposite Jyoti Nivas College in the bustling Koramangala area. This launch follows Spice Lounge Food Works securing the exclusive master franchise rights for Wing Zone, a brand recognized for its chicken flavours and signature sauces.

Under the partnership, Spice Lounge Food Works will lead the development of the Wing Zone brand in India, manage restaurant operations, and oversee nationwide expansion across multiple cities. The company aims to combine Wing Zone's internationally acclaimed menu with its operational expertise to create a scalable platform for growth. 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 has outlined a phased expansion roadmap for Wing Zone in India. The initial phase focuses on establishing a presence in Bengaluru.

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, high concentration of young professionals and students, strong QSR culture, and excellent accessibility and delivery demand.

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.41%	-1.29%	+0.70%	-29.11%	-27.56%	+1,143.65%

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