1:10 Stock Split In 2025: This Consumer Discretionary Company To Consider Acquisition Deal Soon

IT services and food & restaurant services are the two business sectors of Spice Lounge Food Works Ltd., formerly known as Shalimar Agencies Limited. The firm has announced that, subject to any necessary clearances, a meeting of the Board of Directors of the firm is planned for Thursday, October 23, 2025, to examine and evaluate proposals for the acquisition of one or more entities or businesses.

The exchanges have been notified by Spice Lounge Food Works Limited (previously Shalimar Agencies Limited) that on October 23, 2025, the Board of Directors convened at the company's registered office located in Hyderabad. The Board deliberated on the item on the agenda pertaining to possible acquisitions of entities or businesses throughout the meeting. Following careful review, the Board agreed to postpone this item on the agenda to the following Board Meeting, which is set for October 28, 2025. The meeting will focus on evaluating acquisition proposals and other related business matters.

"Further, as per the Company's Code of Conduct for Prohibition of Insider Trading, the Trading Window for dealing in the securities of the Company shall remain closed for designated persons and their immediate relatives in terms of the Company's Code and the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended," said Spice Lounge Food Works in a stock exchange filing.

Spice Lounge Food Works Ltd completed a stock split on March 13, 2025, with an ex-split date of March 13, 2025. The split ratio was 1:10, which means each share with a face value of Rs 10 was split into shares with a new face value of Rs 1. As a result, shareholders whose names were in the company's record books as of the record date received 10 times as many shares due to the stock split action.

The firm offers a broad range of software and IT outsourcing services, and it also franchises and runs pubs and restaurants under several names, such as Xora, Wing Zone, Blaze Kebabs, and Buffalo Wild Wings.

A franchise of the restaurant business Spice Lounge Food Works offers a varied menu that includes Western, Asian, Mediterranean, and Indian dishes. Founded in 1981, the corporation has its headquarters in Hyderabad, India.