Multibagger stock under Rs 50: Board to meet tomorrow to consider acquisition in India or outside India
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
The stock has given multibagger returns of 694 per cent from its 52-week low of Rs 6.16 per share and a whopping 3,955 per cent in 5 years.
On Tuesday, shares of Spice Lounge Food Works Limited plunged 2 per cent to Rs 48.91 per share from its previous close of Rs 49.91 per share. The stock has a 52-week high of Rs 72.20 per share and its 52-week low is Rs 6.16 per share.
Spice Lounge Food Works Limited informed that a meeting of the Board of Directors is scheduled for Wednesday, December 17, 2025, at 02:30 PM at the Company's Registered Office. The primary purpose of this meeting is to consider and discuss proposals for the acquisition of entity(ies)/business(es), both within India and Outside India, subject to necessary approvals. Additionally, the Board will be authorised to transact any other business with the permission of the Chair.
The company has recently secured the exclusive Master Franchise rights for Wing Zone, an internationally recognised quick service restaurant (QSR) brand specialising in chicken-based offerings. Led by Chairperson Mr Mohan Karjela, the Company plans to lead the nationwide development, operations, and expansion of Wing Zone in India, utilising a strategic mix of high-street outlets and cloud kitchens. The rollout will commence with India’s first Wing Zone outlet launching in the high-footfall Koramangala area of Bangalore in January 2026, followed by expansion into cities like Hyderabad and Chennai as part of a multi-phase growth strategy, reinforcing Spice Lounge Food Works Ltd.'s position in the Indian QSR sector.
About the Company
Spice Lounge Food Works Limited (SLFW), a publicly listed food service company, is leveraging over 75 years of combined hospitality expertise to drive India's dining innovation. The company manages and scales more than 13 outlets across two states under a portfolio of leading global and homegrown brands, utilising operational excellence and technology to deliver consistent, high-quality casual, quick-service, and fast-casual dining experiences. Formerly known as Shalimar Agencies Limited, SLFW is making a strategic shift into the experiential market by acquiring Rightfest Hospitality, which operates venues like XORA Bar & Kitchen and SALUD beach club, positioning SLFW as an all-encompassing lifestyle powerhouse targeting affluent millennials and tourists, with the Chairman further authorized to evaluate the acquisition of a majority stake in the international luxury dining group Blackstone Management LLC for a global platform.
The company announced stellar Quarterly Results (Q2FY26) and half-yearly (H1FY26) results. In Q2FY26, the net sales increased by 157 per cent to Rs 46.21 crore and net profit increased by 310 per cent to Rs 3.44 crore compared to Q2FY25. Looking at H1FY26, the net sales increased by 337 per cent to Rs 78.50 crore and net profit increased by 169 per cent to Rs 2.26 crore compared to H1FY25. 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 694 per cent from its 52-week low of Rs 6.16 per share and a whopping 3,955 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.