Spice Lounge Food Works Limited , formerly known as Shalimar Agencies Limited, has announced the appointment of two seasoned technology professionals to its board as Additional Independent Non-Executive Directors. The appointments, effective September 19, 2025, are subject to shareholder approval at the upcoming General Meeting.

New Appointments

The company has welcomed Mr. Uday Kiran Devineni and Mr. Naresh Thaluru to its board, each appointed for a term of five consecutive years. These appointments were made on the recommendation of the Nomination and Remuneration Committee and approved by the Board of Directors.

Mr. Uday Kiran Devineni

Mr. Devineni brings over 25 years of experience in the IT sector to Spice Lounge Food Works. With a B.Tech in Mechanical Engineering, he has led diverse teams across various domains including:

• Software development
• IT consulting
• Data analytics

His expertise lies in leveraging machine learning and data mining to improve decision-making processes and help businesses explore new possibilities with data.

Mr. Naresh Thaluru

Mr. Thaluru joins the board as an Infrastructure & Virtualization Consultant with more than 10 years of experience. His areas of expertise include:

• VMware vSphere/VCF
• Cisco UCS/Intersight
• Dell & HPE servers

Additionally, Mr. Thaluru is skilled in SAN design, large-scale upgrades, datacenter migrations, and various storage platforms. His proficiency extends to Horizon VDI, automation (PowerShell/PowerCLI), and delivering secure, scalable, high-availability solutions.

Regulatory Compliance

In compliance with SEBI regulations, Spice Lounge Food Works has confirmed that neither Mr. Devineni nor Mr. Thaluru has been debarred from holding directorial positions by SEBI or any other authorities. This adherence to regulatory requirements underscores the company's commitment to maintaining high standards of corporate governance.

The board meeting for these appointments commenced at 5:00 PM and concluded at 5:40 PM on September 19, 2025. These strategic additions to the board are expected to bring valuable technological insights to Spice Lounge Food Works Limited as it navigates the evolving business landscape.

Shareholders will have the opportunity to approve these appointments at the forthcoming General Meeting, as the company looks to leverage the extensive experience of its new board members in driving future growth and innovation.

Spice Lounge Food Works Limited , formerly known as Shalimar Agencies Limited, has taken a significant step towards expanding its business operations. The company's Board of Directors has approved the creation or incorporation of subsidiary companies, both in India and abroad, during a board meeting held on September 9, 2025.

Key Details of the Board Meeting

• Date: September 9, 2025
• Venue: Registered office of the company
• Duration: 4:00 PM to 8:50 PM

Board Decision

The board has authorized Chairman/Director Mr. Mohan Babu Karjela to handle all necessary actions related to this strategic decision. This move suggests that Spice Lounge Food Works Limited is looking to diversify its operations and potentially enter new markets.

Company Information

Spice Lounge Food Works Limited, operating under the CIN: L151226TG1981PLC114084, is headquartered at:

5th Floor, Western Dallas Centre, Survey No. 83/1, Knowledge City, Raidurg, Rangareddy, Madhapur, Hyderabad, Shaikpet, Telangana, India - 500081

Regulatory Compliance

The company has duly informed the stock exchanges about this development, in compliance with Regulations 29 and 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to the BSE Limited, Metropolitan Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited.

Management Statement

Mr. Babu Edalamapti Purushotham, the Managing Director of Spice Lounge Food Works Limited, signed off on the official communication to the stock exchanges, underlining the importance of this decision in the company's growth strategy.

This move by Spice Lounge Food Works Limited to create subsidiary companies could potentially lead to expanded operations and new business opportunities.