Spice Lounge Food Works
37.60
+0.38(+1.02%)
Market Cap₹2,621.19 Cr
PE Ratio1,861.00
Company Performance:
1D+1.02%
1M-1.29%
6M-2.77%
1Y+164.98%
5Y+2,981.97%
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More news about Spice Lounge Food Works
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
37.60
+0.38
(+1.02%)
1 Year Returns:+164.98%
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