Spice Lounge clarifies share price movement is market driven

Spice Lounge Food Works Ltd responded to a request from the stock exchange regarding significant movement in its share price. The company stated that it is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has promptly informed the stock exchange of all material and price-sensitive information. Spice Lounge further clarified that there is no undisclosed material information or impending announcement that could influence the company's share price behavior. The company attributed the share price movement solely to market-driven factors and reaffirmed its commitment to disclose any future material information as required by regulations.