Synopsis: Spice Lounge Food Works Limited will acquire 100% of Singapore-based Prisha Infotech for USD 1,50,000, making it a wholly-owned subsidiary from January 2026, strengthening its IT capabilities and expanding international business operations.
This company engages in initiatives aimed at diversifying its operations, including in food services and investments in related industries such as IT and IT-enabled services is now in focus after acquiring a Singapore-based company for USD 1,50,000.
With a market capitalisation of Rs. 3,691 cr, the shares of Spice Lounge Food Works Ltd are currently trading at Rs. 53 per share, hit 5% upper circuit in today’s market session, making a high of Rs. 54.64, from its previous close of Rs. 52.04 per share.
About the acquisition
Spice Lounge Food Works Limited, formerly known as Shalimar Agencies Limited, has announced the acquisition of M/s PRISHA INFOTECH PTE. LTD, a Singapore-based company engaged in the development of software and programming solutions.
Prisha Infotech was incorporated on 6th May 2021 and operates in the IT and IT-enabled services sector, which aligns with the line of business of Spice Lounge Food Works Limited. The company has recorded significant growth in its turnover over the last three years, with revenues of USD 1,00,23,174 in 2023, USD 1,08,19,651 in 2024, and USD 78,56,539 in September 2025.
The acquisition has been approved by the Board of Directors in a meeting held on 17th December 2025, with a total consideration of USD 1,50,000 (USD One Lakh Fifty Thousand Only). The transaction involves a 100% acquisition of shares, resulting in Prisha Infotech becoming a wholly-owned subsidiary of Spice Lounge Food Works Limited, effective from 1st January 2026.
The Board anticipates that the acquisition process will be finalised within 12 months from the execution of the agreements. This step represents a strategic move for Spice Lounge Food Works Limited to consolidate its position in the IT sector and strengthen its global operations.
About the company
Spice Lounge Food Works Limited, formerly known as Shalimar Agencies Limited, is an Indian company headquartered in Hyderabad, Telangana. It operates in the food and hospitality sector, with a focus on expanding its business footprint and exploring strategic growth opportunities. The company is publicly listed and engages in initiatives aimed at diversifying its operations, including investments in related industries such as IT and IT-enabled services, to strengthen its market presence both domestically and internationally.
The company reported a year-on-year (YoY) increase in sales of 157%, rising to Rs. 46.2 crore in Q2FY26 from Rs. 18.0 crore in Q2FY25. However, its EBITDA declined by 22% YoY, falling to Rs. 1.96 crore from Rs. 2.52 crore. The company’s net profit surged 310% YoY, reaching Rs. 3.44 crore compared to Rs. 0.84 crore a year ago. Consequently, the EPS increased 400% YoY, improving to Rs. 0.05 from Rs. 0.01 in the previous year.
Written by Manideep Appana
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