Shalimar Agencies Ltd — Others, 23-06-2025: AGM/EGM

Spice Lounge Food Works Limited has announced a board meeting on the issuance of securities up to USD 50 million through foreign currency convertible bonds (FCCBs) to raise funds for strategic growth and working capital needs of the company and its subsidiaries. The board seeks member approval to increase borrowing limits to Rs. 1,000 Crore, split equally between fund-based and non-fund-based facilities, and to create charges on the company's movable and immovable assets to secure borrowings. These steps aim to enhance financial flexibility for acquisitions and operational expansion. Voting will be conducted through remote e-voting and virtual meeting, with detailed participation instructions provided to shareholders.