Shalimar Agencies Ltd

Spice Lounge Food Works Ltd announced its unaudited financial results for the first quarter ended June 30, 2026. The company disclosed both standalone and consolidated financial statements. The Board of Directors approved these results on August 14, 2026. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and have been reviewed by the statutory auditors, who provided a limited review report. The company also noted that segment information is disclosed at the consolidated level as per Ind AS 108.

Spice Lounge Food Works Ltd has announced its unaudited financial results for the first quarter ended June 30, 2026. The results were declared on August 14, 2026, following a Board of Directors meeting. Both standalone and consolidated financial statements were presented. The company's Board of Directors commenced their meeting at 4:30 PM and concluded at 6:20 PM. The financial results have been reviewed by the Audit Committee and approved by the Board. Statutory auditors have also provided a limited review report on these results. The company prepares its financial results in accordance with Indian Accounting Standards (Ind AS).

Spice Lounge Food Works Ltd., through its live entertainment vertical Xora World, has announced a portfolio of four upcoming events across India, including Goa, Tirupati, and Hyderabad. The events, featuring prominent playback singers and a global dance festival, are projected to generate over ₹20 crore in revenue. This expansion marks a significant step towards establishing a national presence in the live entertainment industry, capitalizing on the sector's rapid growth in India. The company aims to leverage this opportunity to capture a larger share of the burgeoning live events market.

Spice Lounge Food Works Ltd. has announced a significant contract win through its live entertainment vertical, Xora World. The company has secured an order from Xora World for live events and entertainment-related activities, with an aggregate value exceeding ₹21 crore. The execution of this contract is expected within four months. This expansion into the live entertainment space is anticipated to bolster the company's presence and revenue streams. The contract is with a domestic entity and is not considered a related party transaction.

Spice Lounge Food Works Ltd has announced that its Board of Directors will convene on August 14, 2026, at 04:30 P.M. at the Registered Office. The primary agenda item for this meeting is to consider and approve the Un-Audited Financial Results (Standalone and Consolidated) for the First Quarter ended June 30, 2026. The meeting will also address any other matters with the permission of the Chair. This announcement is made pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Spice Lounge Food Works Ltd announced the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Mr. Ravi Kumar Paritala, citing personal reasons. His tenure will conclude at the close of business on August 6, 2026. Concurrently, the Board of Directors, upon recommendation from the Nomination and Remuneration Committee and Audit Committee, has appointed Mr. P.S. Phaninder Nath as the new CFO and KMP. Mr. Nath brings extensive experience in financial leadership, including prior CFO roles at Vivimed Labs Ltd. and GSS Infotech Limited.

Spice Lounge Food Works Ltd announced the appointment of Mr. P.S. Phaninder Nath as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). This follows the resignation of Mr. Ravi Kumar Paritala from the same position due to personal reasons, effective August 6, 2026. Mr. Nath, a Chartered Accountant, brings extensive experience in financial leadership roles, including previous CFO positions at Vivimed Labs Ltd. and GSS Infotech Limited. The board approved the appointment based on recommendations from the Nomination and Remuneration Committee and the Audit Committee.

Spice Lounge Food Works Limited (formerly Shalimar Agencies Limited) has announced the opening of its second Wing Zone outlet in Anjanapura, Bengaluru. This expansion follows the successful launch of their first outlet in Koramangala. The new outlet, slated for launch between August and September 2026, will feature Wing Zone's signature wings, burgers, and wraps, focusing on delivery, takeaway, and dine-in services. The company aims to cater to the growing student and residential community in South Bengaluru through hyperlocal marketing and community engagement.

Spice Lounge Food Works Ltd. has announced the successful launch of Ondesi.ca, an online classifieds and community marketplace developed by its technology subsidiary, TEKSOFT SYSTEMS, Inc. This platform is exclusively for Desi Canadians across Ontario, aiming to serve the South Asian community by simplifying buying, selling, networking, and accessing community services. Ondesi.ca features categories such as Food, Housing, Groceries, Jobs, and Services, and promotes sustainability by encouraging the resale of unused items. The company envisions empowering the Desi Canadian community through technology, fostering economic opportunities and stronger connections.

Spice Lounge Food Works Ltd. has announced the opening of its first Wing Zone outlet in Koramangala, Bengaluru. This marks a significant expansion as Spice Lounge holds the exclusive Master Franchise rights for the American QSR brand in India. The company plans to develop the Wing Zone brand, manage restaurant operations, and drive nationwide expansion across multiple cities. This move aligns with Spice Lounge's strategy to build a leading multi-brand QSR company in India, leveraging the growing demand for premium chicken QSR and global food experiences.