Spice Lounge Food Works
25.50
-0.87(-3.30%)
Market Cap₹1,777.65 Cr
PE Ratio1,318.50
Company Performance:
1D-3.30%
1M-9.64%
6M-42.05%
1Y+146.62%
5Y+1,990.16%
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More news about Spice Lounge Food Works
31Jan 26
Spice Lounge Food Works' XORA World to Host Harris Jayaraj's First-Ever Hyderabad Concert on April 26, 2026
Spice Lounge Food Works Limited announced that XORA World will host Harris Jayaraj's first-ever Hyderabad concert on April 26, 2026 at Emaar MGF, Boulder Hills. The event represents a strategic entertainment venture for the company, with XORA World operating as a proprietary platform of Rightfest, a wholly owned subsidiary. The concert is positioned as a large-format contemporary music experience expected to attract audiences across Telangana and neighboring regions.
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27Jan 26
Spice Lounge Food Works Announces Cultural Music Event Celebrating 50 Years of Maestro Ilaiyaraaja
Spice Lounge Food Works Limited announced that XORA World will host a landmark music event celebrating 50 years of Maestro Ilaiyaraaja on 28 March 2026 at Gachibowli Stadium, Hyderabad. The event represents the company's strategic expansion into experience-led consumer platforms beyond traditional food and beverage operations. XORA World operates as a proprietary platform of Rightfest, a wholly owned subsidiary of the company, focusing on cultural and experiential events to strengthen direct-to-consumer engagement and build culturally resonant platforms across key urban markets.
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19Dec 25
Spice Lounge Food Works Expands Technology Capabilities with Prisha Infotech Acquisition
Spice Lounge Food Works Limited has officially announced the acquisition of Singapore-based Prisha Infotech Pte. Ltd for USD 1.50 lakh, marking a strategic expansion into technology-enabled solutions. The acquisition, approved by the board on December 17, 2025, will integrate Prisha Infotech's software development capabilities to strengthen the company's digital foundation and enhance operational efficiency across its food service and hospitality operations.
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04Dec 25
Spice Lounge Food Works Secures WingZone's Master Franchise Rights for India
Spice Lounge Food Works Limited has acquired the exclusive master franchise rights for WingZone in India. The company plans to launch WingZone's first outlet in Koramangala, Bangalore, followed by expansion in Hyderabad and Chennai. The strategy includes a mix of high-street outlets and cloud-kitchen formats. This acquisition aligns with Spice Lounge Food Works' goal to strengthen its presence in India's growing QSR sector, leveraging its 75+ years of hospitality expertise and 500-member team.
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15Nov 25
Spice Lounge Food Works Reports Revised Q2 FY2026 Results with Consolidated Revenue of Rs 8,062.96 Crore
Spice Lounge Food Works Limited, operating in Software and IT services and Food and Restaurant services, reported consolidated revenue of Rs 8,062.96 crore for H1 FY2026. Net profit reached Rs 225.69 crore with an EPS of Rs 0.03. Q2 FY2026 saw significant growth with revenue at Rs 4,620.52 crore and net profit at Rs 343.92 crore. The company's total assets stood at Rs 25,971.86 crore as of September 30, 2025. Management corrected an error in the initial filing, where standalone results were mistakenly shown instead of consolidated results.
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28Oct 25
Spice Lounge Food Works Expands into Luxury Hospitality with Rightfest Acquisition
Spice Lounge Food Works Limited has approved the acquisition of 100% shareholding in Rightfest Hospitality LLP, a player in India's premium nightlife and experiential entertainment industry. The deal, expected to complete within 12 months, is a related party transaction. Rightfest, founded in May 2022, operates SALUD in Goa and XORA in Hyderabad, with plans for a new restaurant 'Sasya'. Rightfest's turnover is projected to reach ₹42 crores by 2025. This move marks Spice Lounge's entry into the luxury hospitality sector, aligning with its horizontal expansion strategy. The company is also considering acquiring a majority stake in Blackstone Management LLC.
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24Sept 25
Spice Lounge Food Works Approves $5M Investment in US Subsidiary Teksoft Systems
Spice Lounge Food Works Limited has approved an investment of up to $5 million in its wholly owned US subsidiary, Teksoft Systems INC. The investment, aimed at strengthening the company's global IT and technology presence, will be made in one or more tranches. Teksoft Systems specializes in IT consulting and software development. This move is expected to enhance the company's capabilities and support its expansion in overseas markets.
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20Sept 25
Spice Lounge Food Works to Consider $5 Million Investment in US Subsidiary
Spice Lounge Food Works Limited has scheduled a board meeting for September 24, 2025, to consider an Overseas Direct Investment of up to $5 million (approx. ₹41.50 crore) in its US-based Wholly Owned Subsidiary, Teksoft Systems INC. The investment, planned in one or more tranches, will comply with relevant regulations including FEMA, RBI, and SEBI guidelines. The company recently appointed two new Additional Independent Directors, Mr. Uday Kiran Devineni and Mr. Naresh Thaluru, for a five-year term subject to shareholder approval.
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19Sept 25
Spice Lounge Food Works Bolsters Board with Two Tech Veterans as Independent Directors
Spice Lounge Food Works Limited has appointed two technology professionals, Mr. Uday Kiran Devineni and Mr. Naresh Thaluru, as Additional Independent Non-Executive Directors. Mr. Devineni brings 25 years of IT experience, specializing in software development, IT consulting, and data analytics. Mr. Thaluru, with over 10 years of experience, is an Infrastructure & Virtualization Consultant expert in VMware, Cisco UCS, and various server technologies. The appointments, effective September 19, 2025, are for a five-year term and subject to shareholder approval at the upcoming General Meeting.
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09Sept 25
Spice Lounge Food Works Limited Approves Creation of Subsidiary Companies
Spice Lounge Food Works Limited's Board of Directors has approved the creation of subsidiary companies in India and abroad. The decision was made during a board meeting on September 9, 2025. Chairman/Director Mr. Mohan Babu Karjela has been authorized to handle all necessary actions related to this strategic move. The company, formerly known as Shalimar Agencies Limited, is headquartered in Hyderabad, Telangana. The announcement was made in compliance with SEBI regulations and communicated to multiple stock exchanges.
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14Aug 25
Spice Lounge Food Works Reports Mixed Q1 Results: Standalone Profit, Consolidated Loss
Spice Lounge Food Works Limited reported mixed Q1 results. Standalone performance showed a net profit of Rs 16.85 lakhs, up from a loss last year. Consolidated results, however, revealed a net loss of Rs 118.24 lakhs despite higher revenue of Rs 3,229.45 lakhs. The Software and IT Services segment was profitable, while Food and Restaurant Services incurred losses. Total consolidated income stood at Rs 3,243.00 lakhs, with a consolidated loss before tax of Rs 199.03 lakhs.
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Spice Lounge Food Works
25.50
-0.87
(-3.30%)
1 Year Returns:+146.62%
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