Shalimar Agencies Ltd — Board Meeting, 28-05-2025: Board Meeting

Spice Lounge Food Works Limited has announced a board meeting on which approved the audited standalone and consolidated financial results for the quarter and half-year. The company reported standalone revenue of ₹66.21 lakh with a net profit of ₹19.41 lakh for the year, marking a turnaround from losses last year. Consolidated revenue stood at ₹105.27 Cr with a net loss of ₹3.64 Cr, affected mainly by high interest costs of ₹4.79 Cr and increased expenses in the Food and Restaurant segment. The company acquired Teksoft Systems INC, Chicken Wild Wings Pvt Ltd, and Mirchi Wild Wings Pvt Ltd through share swaps, expanding operations in software and food services. Equity shares were split from ₹10 to ₹1 face value, increasing total shares to 69.71 Cr. The shift to Spice Lounge branding is complete, with all turnover reflecting new activities.