Spice Lounge Food

Spice Lounge Food Works signed a non-binding memorandum of understanding with Indian Emulsifiers Ltd for exclusive offtake, branding and distribution in India of its food-grade emulsifier range. The arrangement covered the entire monthly saleable output of a new production line indicated at about 200 tonnes per month for five years from commissioning, with an option over certain export markets, subject to a definitive agreement. The company estimated indicative cumulative revenue potential of about ₹500 crore over the first three years of operation, conditional on commissioning, actual volumes and prices and market conditions. Consolidated revenue was ₹158.42 crore in the year to March 2026, with software and IT services contributing about ₹128.2 crore and food and restaurants about ₹30.2 crore. Its technology subsidiary Teksoft launched the Ondesi.ca Ontario marketplace in July 2026, while first-quarter revenue to June was ₹40.14 crore.

Powered by Tijori

Spice Lounge Food Works launched its Food Emulsifier & Agro Division, a new food-emulsifiers, agri-sourcing and processing vertical with expected revenue potential of more than ₹1,200 crore. The division was intended to supply the group’s restaurants, QSR and Xora World live-events businesses, while also serving hotels, QSR chains and food processors on a B2B basis. Its implementation plan covered agrochemical partnerships, farm-gate sourcing tie-ups and processing infrastructure commissioning, and listed export and global joint-venture partnerships among subsequent steps. The company was in advanced, confidential talks with global food-emulsifier and agribusiness majors on strategic partnerships and offtake arrangements. The group’s FY26 consolidated revenue was ₹158.4 crore, while Food/Restaurant contributed 14% of Q1 FY27 revenue and reported an ₹80 lakh segment loss.

Powered by Tijori

Sept 1 (Reuters) - Spice Lounge Food Works Ltd SPIO.BO:

• SPICE LOUNGE FOOD WORKS - LAUNCHES FOOD EMULSIFIER & AGRO DIVISION WITH EXPECTED REVENUE OF 12 BILLION RUPEES

Source text: ID:nBSE4R3y5H

Further company coverage: SPIO.BO

(([email protected];;))

Aug 13 (Reuters) - Spice Lounge Food Works Ltd SPIO.BO:

• SPICE LOUNGE FOOD WORKS - UNVEILS XORA WORLD FOUR-EVENT PORTFOLIO ACROSS INDIA; EXPECTED TO GENERATE OVER 200 MILLION RUPEES IN REVENUE

Source text: ID:nBSE7MPJWQ

Further company coverage: SPIO.BO

(([email protected];))

Spice Lounge Food Works secured a contract from Xora World worth more than ₹21 crore for event-management and live-entertainment services. The work was to be executed within four months and was tied to an upcoming portfolio of events in Goa, Tirupati and Hyderabad. Xora World had hosted a large-scale Ilaiyaraaja concert in March through the Rightfest platform and launched Ondesi.ca in July. The group reported consolidated FY26 revenue of ₹158.4 crore and net profit of ₹9.7 crore.

Powered by Tijori

Spice Lounge Food Works' board took note of Ravi Kumar Paritala's resignation as chief financial officer and key managerial personnel, effective at the close of business on 6 August 2026. It appointed P.S. Phaninder Nath as CFO and KMP on the same date; Nath is a chartered accountant who has held finance leadership roles at Vivimed Labs, GSS Infotech and Clariant India. The group reported FY26 consolidated revenue of ₹158.4 crore and net profit of ₹9.7 crore. Consolidated debt stood at ₹118 crore against equity of ₹123 crore, while cash was ₹1.4 crore.

Powered by Tijori

Spice Lounge Food Works accepted the resignation of Ravi Kumar Paritala as chief financial officer, effective at the close of business on 6 August, and appointed P.S. Phaninder Nath to replace him. Paritala cited personal reasons and said he would continue his association with the company. Phaninder Nath is a chartered accountant with previous senior finance roles at Vivimed Labs, GSS Infotech and Clariant India. The group reported FY26 consolidated revenue of ₹158.4 crore and net profit of ₹9.7 crore, while consolidated debt stood at ₹118 crore and cash at ₹1.4 crore.

Powered by Tijori

Spice Lounge Food Works has inaugurated its first Wing Zone outlet in Koramangala, Bengaluru, the company announced on July 14, 2026. The Hyderabad-based firm holds the exclusive master franchise rights for the American quick-service chicken brand Wing Zone, renowned for its flavour-forward menu and signature sauces. The Koramangala location, opposite Jyoti Nivas College, is the first of what the company plans as a multi-city rollout. Under the partnership, Spice Lounge will handle restaurant operations, brand management, and national expansion for Wing Zone in India, targeting additional outlets in Bengaluru followed by Hyderabad, Chennai, and other metros. The company described the launch as a milestone in its strategy to build a diversified multi-brand food services platform, adding a globally recognized name to its existing portfolio of Buffalo Wild Wings and Blaze Kebabs.

Powered by Tijori

Sept 24 (Reuters) - Spice Lounge Food Works Ltd SPIO.BO:

• SPICE LOUNGE FOOD WORKS LTD - APPROVES INVESTMENT OF UP TO USD 5 MILLION IN SUBSIDIARY

Source text: ID:nBSE1yySx9

Further company coverage: SPIO.BO

(([email protected];))

Jan 7 (Reuters) - Shalimar Agencies Ltd SHAG.BO:

• SHALIMAR AGENCIES - TO CONSIDER SUB-DIVISION OF EQUITY SHARES

Source text: ID:nBSE6wKyxr

Further company coverage: SHAG.BO

(([email protected];))