From Rs 7 To Rs 51! This Penny Stock Acquires Singapore Firm For $150,000 After Rebounding 615% From 52W-Low

In a strategic move into technologically advanced solutions for the food service and hospitality sector, Spice Lounge Food Works Ltd. has announced that its Board of Directors has authorized the acquisition of a 100% ownership stake in Singapore-based Prisha Infotech for a total price of $1,50,000.

Spice Lounge Food Works Limited's long-term plan of growth, diversification, and worldwide presence is in line with the acquisition. The incorporation of Prisha Infotech's programming and software development capabilities would bolster the company's digital base and provide access to global markets via Singapore.

With the acquisition, Spice Lounge Food Works Limited solidifies its standing as a technologically advanced hospitality platform that offers scalable, effective, and unique experiences in dine-in, delivery, and new consumption modes.

"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.

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."

"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.

The stock has made a solid long-term rebound from its 52-week low; it is currently trading at a discount to its peak at Rs 51. The stock has increased by around 615% since the 52-week low of Rs 7.13 reached on (19/12/2024), indicating an abrupt turnaround and tremendous buying activity over the previous year. However, the stock currently stands around 29% lower than its 52-week high of Rs 72.20 reached on (24/11/2025), suggesting some profit-booking or correction following the surge.

With a net profit of Rs 0.19 crore and operating revenue of Rs 0.66 crore, the company's absolute metrics remain modest despite a significant profit gain of 476.89%, according to ticker.finology.in. With a Return on Equity (ROE) of 0.37% and a Return on Capital Employed (ROCE) of 0.49%, efficiency indicators are rather low. As of late 2025, promoter holding has dropped to 0%, indicating a significant change in the shareholding structure.

Spice Lounge Food Works Ltd. (previously Shalimar Agencies Ltd.) is an Indian food service company that is experiencing rapid expansion in the QSR/F&B industry. It manages original brands Blaze Kebabs and Xora and has master franchise rights for brands like Wing Zone.