Multibagger stock under Rs 55: Spice Lounge Approved Acquisition of Singapore-Based Prisha Infotech Pte. Ltd for USD 150,000
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
The stock has given multibagger returns of 705 per cent from its 52-week low of Rs 6.79 per share and a whopping 4,100 per cent in 5 years.
Spice Lounge Food Works Limited has officially approved the 100% acquisition of Singapore-based Prisha Infotech Pte. Ltd. for a cash consideration of USD 150,000. This strategic move, finalised during today’s Board meeting, will transition the IT and software development firm into a wholly-owned subsidiary effective January 1, 2026. The acquisition aims to expand Spice Lounge's international market presence and leverage Prisha Infotech’s established revenue stream, which recorded over USD 7.8 million in turnover as of September 2025.
The transaction is strictly a cash deal and does not involve related party interests, ensuring an arm's length agreement. While the formal integration as a subsidiary begins in early 2026, the full share acquisition process is expected to conclude within the next 12 months. This expansion into IT-enabled services aligns with the company’s long-term growth objectives and business diversification strategy across global borders.
The company has also 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 3,400 crore. The stock has given multibagger returns of 705 per cent from its 52-week low of Rs 6.79 per share and a whopping 4,100 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.