Shalimar Agencies Ltd — Others, 27-06-2025: AGM/EGM

Spice Lounge Food Works Limited has announced a board meeting to seek member approval for three key proposals. First, increasing the company's borrowing limits up to Rs. 1,000 Crore to support future business funding requirements, split evenly between fund-based and non-fund-based limits. Second, authorizing the creation of charges or mortgages on movable and immovable assets to secure borrowings within this overall limit. Third, raising funds up to USD 50 million via issuance of securities, including Foreign Currency Convertible Bonds, to fuel strategic growth, acquisitions, and working capital needs. The company is enabling remote e-voting and virtual participation for shareholders to approve these resolutions.