Shares of Spice Lounge Food Works Hit 5% Upper Circuit as Board to Meet Today Regarding Acquisition

DSIJ Intelligence-1 / 28 Oct 2025/ Categories: Multibaggers, Penny Stocks, Trending

The stock has given multibagger returns of 884 per cent from its 52-week low of Rs 4.83 per share and a whopping 3,900 per cent in 5 years.

On Tuesday, shares of Spice Lounge Food Works Limited hit a 5 per cent Upper Circuit to an Intraday high of Rs 47.52 per share from its previous closing of Rs 45.26 per share. The stock’s 52-week high is Rs 50.94 per share and its 52-week low is Rs 4.83 per share.

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Today, October 28, 2025, the company's Board of Directors met at the Registered Office to deliberate on the circulated agenda items. A primary focus of the meeting was the significant proposal concerning the acquisition of entity(ies)/business(es). However, following detailed discussion and deliberation, the Board ultimately decided to adjourn the final decision on this specific acquisition proposal to the next scheduled Board Meeting. This adjourned meeting, set for October 28, 2025, will be solely for further consideration and a definitive decision on the acquisition proposal(s), as well as to transact any other business permitted by the Chair.

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About the Company

Shalimar Agencies Limited officially changed its name to Spice Lounge Food Works Limited, updating its Scrip ID and abbreviated name on the BOLT Plus System to "SPICELOUNG" in compliance with LODR Regulations, 2015. Spice Lounge Food Works Ltd operates restaurants and hospitality services, focusing on delivering high-quality, diverse dining experiences that blend authentic and contemporary styles, aiming to expand its footprint as a preferred choice for casual and fine dining.

In Q1FY25, the company reported net sales of Rs 32.29 crore and net loss of Rs 1.18 crore while in FY25, the company reported net sales of Rs 105 crore and net profit of Rs 6 crore. The company has a market cap of over Rs 3,300 crore. The stock has given multibagger returns of 884 per cent from its 52-week low of Rs 4.83 per share and a whopping 3,900 per cent in 5 years.

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