Spice Lounge Food Works Limited (formerly Shalimar Agencies Limited) has submitted revised unaudited financial results for the second quarter and half-year ended September 30, 2025. The company, which operates in two segments - Software and IT services, and Food and Restaurant services - reported a consolidated revenue of Rs 8,062.96 crore for the half-year period.

Key Financial Highlights

• Consolidated Revenue: Rs 8,062.96 crore for H1 FY2026
• Net Profit: Rs 225.69 crore for H1 FY2026
• Earnings Per Share (EPS): Rs 0.03 (Basic and Diluted) for H1 FY2026

Quarterly Performance

For the quarter ended September 30, 2025:

Half-Year Performance

For the half-year ended September 30, 2025:

Segment Information

The company operates in two segments:

1. Software and IT services
2. Food and Restaurant services

Balance Sheet Highlights

As of September 30, 2025:

• Total Assets: Rs 25,971.86 crore
• Total Equity: Rs 11,103.63 crore
• Cash and Cash Equivalents: Rs 4,621.67 crore

Management Commentary

Mohan Babu Karjela, Chairperson and Director of Spice Lounge Food Works Limited, stated, "The Board of Directors has approved these results at its meeting held on November 14, 2025. We have corrected an error in our initial filing where standalone results were inadvertently shown twice instead of consolidated results."

Additional Notes

1. The company changed its name from Shalimar Agencies Limited to Spice Lounge Food Works Limited during the previous financial year 2024-25.
2. The financial results are prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.
3. The results have been reviewed by the statutory auditors, and a limited review report has been provided.

Investors and stakeholders can access the detailed financial results on the company's website at www.espicelounge.com .

Note: This article is based on the company's official financial disclosures and does not include any forward-looking statements or predictions.

Spice Lounge Food Works Limited , a company listed on multiple Indian stock exchanges, has announced a significant move into the luxury hospitality sector. The company's Board of Directors has approved the acquisition of Rightfest Hospitality LLP, a rapidly growing player in India's premium nightlife and experiential entertainment industry.

Acquisition Details

• Target Company: Rightfest Hospitality LLP
• Acquisition Stake: 100% shareholding
• Transaction Type: Related party deal (Non-Executive Independent Director Vinay Kesaram holds majority stake in Rightfest)
• Expected Completion: Within 12 months

About Rightfest Hospitality

Founded in May 2022, Rightfest Hospitality has quickly established itself in the luxury hospitality scene:

• Key Venues:
  • SALUD in Goa (ocean-view club)
  • XORA Bar & Kitchen in Hyderabad (modern dining and entertainment)
• Guest Count: Over 1.6 lakh in two years
• Upcoming Venture: "Sasya", an authentic South Indian specialty restaurant in Hyderabad

Financial Performance

Rightfest has shown impressive growth in its short existence:

Strategic Rationale

The acquisition aligns with Spice Lounge Food Works' strategy for horizontal business expansion and revenue growth. It marks the company's entry into the premium nightlife and experiential entertainment sector, which is experiencing rapid growth across metropolitan areas and tourist destinations in India.

Additional Developments

In a separate but related move, the Board has authorized Chairman Mohan Babu Karjela to evaluate a potential majority stake acquisition in Blackstone Management LLC. This further underscores the company's aggressive expansion strategy.

Conclusion

This acquisition represents a significant pivot for Spice Lounge Food Works, potentially transforming its business model and market position. As the company moves beyond its traditional culinary focus, investors and industry observers will be keenly watching how this diversification impacts its growth trajectory and financial performance in the coming years.