Spice Lounge Food

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

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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.

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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.

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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.

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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.

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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

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

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

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