Market Cap of Rs 2,200 Crore: Multibagger penny stock under Rs 50 Announces April 2, 2026 Black Coffee Event in Hyderabad
Spice Lounge Food Works Ltd has a total market capitalisation of Rs 2,199.42 crore. The stock has delivered returns of 237.52 per cent over the last one year.
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On Monday, shares of Spice Lounge Food Works Ltd fell 4.94 per cent to Rs 31.55 per share from its previous closing of Rs 33.19 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.
Spice Lounge Food Works Limited (formerly Shalimar Agencies Limited) has officially announced that its experiential and cultural platform, XORA World, will host internationally acclaimed and Grammy Award-winning artist Black Coffee in Hyderabad.
The event is scheduled for April 2, 2026, at Quake Arena as part of the artist’s India tour. To deliver a premium live entertainment experience, the company is curating a 50,000 sq. ft. multi-level immersive venue. The announcement follows the company’s recent cultural celebration marking 50 years of musical excellence by Ilaiyaraaja, reflecting strong momentum in the XORA World pipeline.
The move marks a strategic shift for Spice Lounge Food Works as it expands beyond traditional restaurant-led revenue models. By entering adjacent experiential categories such as global-format music events, the company aims to enhance brand visibility and premium consumer positioning, strengthen direct-to-consumer engagement, and create cross-brand synergies across its food, beverage, and hospitality portfolio, including Blaze Kebabs, Xora, Salud, Buffalo Wild Wings, and Wing Zone. The company is also looking to develop non-linear, event-led revenue streams.
Mr. Mohan Babu Karjela, Chairman and Director, said the company is building a structured platform to integrate hospitality and culture into a scalable consumer ecosystem. The long-term vision is to create repeatable, high-impact engagement platforms that build brand equity and diversify revenue streams.
Spice Lounge Food Works Ltd has a total market capitalisation of Rs 2,199.42 crore. The stock has delivered returns of 237.52 per cent over the last one year.
Disclaimer: The article is for informational purposes only and not investment advice.