Spice Lounge Food Works Ltd Approves Overseas Direct Investment of Up to USD 5 Million in Its Wholly Owned Subsidiary Teksoft Systems INC

Spice Lounge Food Works Limited, formerly Shalimar Agencies Limited, announced that its Board of Directors approved an investment of up to USD 5 Million in its Wholly Owned Subsidiary, Teksoft Systems INC, based in the United States of America. The investment, which will be made in compliance with various regulations, aims to strengthen the company's global presence, enhance its IT/technology solutions capability, and support expansion in the overseas market. Teksoft Systems INC is engaged in IT consulting, software development, and related services, and is expanding its operations to cater to growing overseas demand.