Tech-Enabled Hospitality Gains Momentum as Spice Lounge Food Works Acquires Prisha Infotech

Spice Lounge Food Works Ltd. has cleared a complete buyout of Singapore-based Prisha Infotech for $1,50,000. The deal supports the company's push into technology solutions for food service and hospitality. Management links the move to its wider plan for scale, diversification, and a stronger global footprint.

The transaction is structured to plug specialised programming and software development skills into Spice Lounge Food Works Limited. Using Singapore as a base, the company expects easier access to overseas markets. Management also plans to use these capabilities to sharpen digital operations across its multi-format food services platform.

With Prisha Infotech, Spice Lounge Food Works Limited aims to strengthen its profile as a tech-enabled hospitality player. The company wants its systems to support dine-in formats, delivery channels, and emerging consumption models. Digital tools are planned to improve scalability, operating efficiency, and service consistency across brands and locations.

The company highlighted the strategic rationale in its regulatory communication. "This move underscores the company's intent to embed technology deeply into its business model, driving innovation across supply chain management, point-of-sale systems, customer experience platforms and analytics-led operations," said Spice Lounge Food Works in a stock exchange filing.

Managing Director Mr. Mohan Babu Karjela linked the purchase to the company’s future growth path. Mr. Mohan Babu Karjela, Managing Director of Spice Lounge Food Works Ltd, said: "The acquisition of Prisha Infotech Pte. Ltd. marks an important milestone in Spice Lounge Food Works Limited's growth journey. As the company continues to scale its multi-brand food services platform, technology is increasingly becoming a critical enabler across operations, customer engagement and decision-making. The transaction aligns with the company's long-term vision of building a future-ready, technology-driven hospitality business with a global outlook."

Mr. Mohan Babu Karjela further outlined how the new unit is expected to shape internal capabilities and decision-making. "Beyond immediate operational benefits, the acquisition provides a robust foundation for building an in-house technology backbone that supports data-led decision-making, real-time analytics and faster innovation cycles. The company views this move not merely as an acquisition but as a strategic step toward embedding technology at the core of its business model, positioning Spice Lounge Food Works Limited as a technology-enabled hospitality platform focused on long-term scalability and value creation," he further added.

Spice Lounge Food Works Ltd., earlier known as Shalimar Agencies Ltd., operates in India’s QSR and wider F&B space. The company runs its own concepts such as Blaze Kebabs and Xora. It also holds master franchise rights for brands including Wing Zone, reflecting a mixed portfolio of owned and franchised formats.

Spice Lounge Food Works acquisition and stock market performance

The listed stock of Spice Lounge Food Works has seen a sharp price recovery over the last year. Shares trade near Rs 51, well above the 52-week low of Rs 7.13 hit on 19/12/2024. That change implies gains of about 615%, though the scrip still trails its 52-week high.

Despite the rebound, the stock remains around 29% below its peak of Rs 72.20, recorded on 24/11/2025. The gap suggests investors have booked profits or adjusted positions after the steep rise. Market participants may watch how integration of Prisha Infotech influences earnings and valuation over the medium term.

Recent financials for Spice Lounge Food Works Limited, sourced from ticker.finology.in, point to small absolute numbers despite strong percentage growth. Net profit stands at Rs 0.19 crore on operating revenue of Rs 0.66 crore. Return ratios remain low, with ROE at 0.37% and ROCE at 0.49%, while promoter shareholding has fallen to 0% by late 2025.

Metric	Value	Period / Note
Operating Revenue	Rs 0.66 crore	Latest reported
Net Profit	Rs 0.19 crore	Latest reported
Profit Growth	476.89%	Year-on-year
Return on Equity (ROE)	0.37%	Latest reported
Return on Capital Employed (ROCE)	0.49%	Latest reported
Promoter Holding	0%	As of late 2025
52-week Low Price	Rs 7.13	19/12/2024
52-week High Price	Rs 72.20	24/11/2025
Recent Market Price	Rs 51	Approximate, current trade

The Prisha Infotech acquisition places Spice Lounge Food Works Limited on a clearer technology path while its financial scale and low return ratios stay modest. For investors focused on the QSR and hospitality segment, the mix of strong price performance, zero promoter holding, and a deeper digital strategy may require close monitoring over coming quarters.