Multibagger Penny Stock under Rs 50 to Bring 7 Global Artists with “Circoloco” to Mumbai in April 2026

Prajwal DSIJ / 10 Mar 2026 / Categories: Mindshare, Trending

Multibagger Penny Stock under Rs 50 to Bring 7 Global Artists with “Circoloco” to Mumbai in April 2026

The stock price has surged over 255 per cent in the last 1 year. The stock has also delivered around 292 per cent returns from its 52-week low of Rs 7.69 per share.

On Tuesday, shares of Spice Lounge Food Works Ltd jumped 4.98 per cent to Rs 30.16 per share from its previous closing of Rs 28.73 per share. The stock’s 52-week high is Rs 72.20 per share and its 52-week low is Rs 7.69 per share. The stock also surged 4.98 per cent to its Intraday high of Rs 30.16. As of 10:27 IST, the shares were trading at Rs 30.16.

Spice Lounge Food Works Ltd (formerly Shalimar Agencies Ltd) has announced that its experiential and cultural platform XORA World will host the globally renowned underground music brand Circoloco in Mumbai in April 2026. The event, titled Circoloco Mumbai 2026, is scheduled to take place on April 19, 2026, at Jio World Garden in Mumbai. With this announcement, Mumbai officially joins the global Circoloco circuit.

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Founded in 1999 at DC-10 Ibiza, Circoloco has grown into one of the most respected underground music and lifestyle brands globally. By hosting the event, Mumbai will join a prestigious list of international cities including Ibiza, London, Paris, New York, Miami, Tulum, and Dubai, which have previously hosted Circoloco events.

The 2026 Mumbai edition will feature a curated international lineup of leading house and techno artists, including Marco Carola, Michael Bibi, Chris Stussy, Mau P, Beltran, Jamback, and Sweely.

The event will be hosted at the premium outdoor venue Jio World Garden, which is designed for large-scale live entertainment. The venue specifications include a capacity of over 9,000 attendees, a backstage capacity of more than 500, and over 50 premium tables.

This announcement follows other major cultural initiatives by the company, including the Black Coffee India Tour and the Ilaiyaraaja 50-year cultural celebration. These initiatives demonstrate the company’s ability to collaborate with globally recognised intellectual property and expand into large-format open-air experiential formats.

Mr. Mohan Babu Karjela, Chairman & Director of Spice Lounge Food Works Ltd, stated that bringing Circoloco to Mumbai represents a new stage in the evolution of XORA World. According to him, the move positions the company as an integrated hospitality and experiential firm capable of executing international formats while building a scalable lifestyle ecosystem alongside its core food and beverage business.

The company believes such lifestyle collaborations can act as repeatable assets that deepen consumer engagement, diversify revenue streams, and strengthen brand equity both nationally and internationally.

Headquartered in Hyderabad, Spice Lounge Food Works Ltd is a diversified hospitality company listed on the BSE. Its portfolio includes proprietary and franchised brands such as Blaze Kebabs, Xora, Salud, Buffalo Wild Wings, and Wing Zone.

The company has a market cap of over Rs 2,102.52 crore. The stock price has surged over 255 per cent in the last 1 year. The stock has also delivered around 292 per cent returns from its 52-week low of Rs 7.69 per share.

Disclaimer: The article is for informational purposes only and not investment advice.