Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹0.14 (vs ₹0.081 in FY 2025) Full year 2026 results: EPS: ₹0.14 (up from ₹0.081 in FY 2025). Revenue: ₹1.62b (up 53% from FY 2025). Net income: ₹96.9m (up 72% from FY 2025). Profit margin: 6.0% (up from 5.3% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 25
Spice Lounge Food Works Limited to Report Q4, 2026 Results on May 29, 2026 Spice Lounge Food Works Limited announced that they will report Q4, 2026 results on May 29, 2026 Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.04 (vs ₹1.21 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.04 (down from ₹1.21 in 3Q 2025). Revenue: ₹331.0m (down 38% from 3Q 2025). Net income: ₹24.7m (down 71% from 3Q 2025). Profit margin: 7.5% (down from 16% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has increased by 110% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 09
Spice Lounge Food Works Limited to Report Q3, 2026 Results on Feb 14, 2026 Spice Lounge Food Works Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 14, 2026 New Risk • Dec 31
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 3.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Share price has been highly volatile over the past 3 months (9.3% average weekly change). Announcement • Dec 19
Spice Lounge Food Works Limited (BSE:539895) agreed to acquire Prisha Infotech Pte. Ltd for $0.15 million. Spice Lounge Food Works Limited (BSE:539895) agreed to acquire Prisha Infotech Pte. Ltd for $0.15 million on December 17, 2025. A cash consideration of $0.15 million will be paid by Spice Lounge Food Works Limited. Following the acquisition, Prisha Infotech Pte. Ltd would become a wholly owned subsidiary of Spice Lounge Food Works Limited.
For the period ending September 30, 2025, Prisha Infotech Pte. Ltd reported total revenue of $7.86 million.
The transaction has been approved by the board of Directors of Spice Lounge Food Works Limited. The transaction is expected to close within 12 months from execution of definitive agreement. New Risk • Nov 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.0% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (over 22x increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Announcement • Nov 05
Spice Lounge Food Works Limited to Report Q2, 2026 Results on Nov 14, 2025 Spice Lounge Food Works Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Board Change • Sep 11
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). MD & Director Babu Purushotham is the most experienced director on the board, commencing their role in 2024. Non-Executive Independent Director Kondini Chowdhary was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Sep 08
Spice Lounge Food Works Limited, Annual General Meeting, Sep 30, 2025 Spice Lounge Food Works Limited, Annual General Meeting, Sep 30, 2025, at 13:00 Indian Standard Time. Announcement • Aug 09
Spice Lounge Food Works Limited to Report Q1, 2026 Results on Aug 14, 2025 Spice Lounge Food Works Limited announced that they will report Q1, 2026 results on Aug 14, 2025 New Risk • Jul 23
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Shareholders have been substantially diluted in the past year (over 22x increase in shares outstanding). Announcement • May 21
Shalimar Agencies Limited to Report Q4, 2025 Results on May 28, 2025 Shalimar Agencies Limited announced that they will report Q4, 2025 results on May 28, 2025 New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shareholders have been substantially diluted in the past year (over 22x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹6.92b market cap, or US$79.3m). Announcement • Mar 01
Shalimar Agencies Limited Announces Resignation of Directors Shalimar Agencies Limited informed that the following have stepped down from their respective position(s) of the Board and other respective Board Committees of the Company with effect from March 01, 2025. The Board of Directors of the Company appreciates valuable contribution and support during their term as the Directors of the Company. Mrs. Srikonda Anupama, Independent Director; Mrs. Janaki Yarlagadda, Director; Mr. Mayank Puran Chandra Joshi, Independent Director; Mr. Nomula Srinivas, Director; Mr. Siva Prasad Gorthy, Independent Director. reason: Pursuant to takeover of the Company by the new management. New Risk • Feb 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 22x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shareholders have been substantially diluted in the past year (over 22x increase in shares outstanding). Announcement • Feb 04
Shalimar Agencies Limited to Report Q3, 2025 Results on Feb 14, 2025 Shalimar Agencies Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Non-Executive Independent Director Mayank Puran Joshi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
Shalimar Agencies Limited to Report Q2, 2025 Results on Nov 14, 2024 Shalimar Agencies Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Sep 16
Shalimar Agencies Limited, Annual General Meeting, Sep 30, 2024 Shalimar Agencies Limited, Annual General Meeting, Sep 30, 2024, at 12:30 Indian Standard Time. Location: plot no. 38, 5th, isprout business centre,survey no:8, whitefield road hitech city, telangana -500081, hyderabad India Announcement • Jul 28
Shalimar Agencies Limited to Report Q1, 2025 Results on Aug 09, 2024 Shalimar Agencies Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Announcement • May 10
SPICE Lounge LLP, Mohan Babu Karjela, and Venugopal Naidu Kongarla Venkatesh entered into Share Purchase Agreement to acquire 62.2% stake in Shalimar Agencies Limited (BSE:539895) from IT Trailblazers Resources Private Limited for INR 28 million. SPICE Lounge LLP, Mohan Babu Karjela, and Venugopal Naidu Kongarla Venkatesh entered into Share Purchase Agreement to acquire 62.2% stake in Shalimar Agencies Limited (BSE:539895) from IT Trailblazers Resources Private Limited for INR 28 million on May 7, 2024. SPICE Lounge LLP, Mohan Babu Karjela, and Venugopal Naidu Kongarla Venkatesh will acquire 1.9 million shares at a price of INR 15. Along with SPA, the buyers will also undertake tender offer and Preferential Issue simultaneously. Announcement • May 05
Shalimar Agencies Limited to Report Q4, 2024 Results on May 11, 2024 Shalimar Agencies Limited announced that they will report Q4, 2024 results on May 11, 2024 Announcement • Feb 04
Shalimar Agencies Limited to Report Q3, 2024 Results on Feb 09, 2024 Shalimar Agencies Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Announcement • Nov 01
Shalimar Agencies Limited to Report Q2, 2024 Results on Nov 13, 2023 Shalimar Agencies Limited announced that they will report Q2, 2024 results on Nov 13, 2023 Announcement • Sep 06
Shalimar Agencies Limited, Annual General Meeting, Sep 30, 2023 Shalimar Agencies Limited, Annual General Meeting, Sep 30, 2023, at 12:30 Indian Standard Time. Location: Plot No. 38, 5th Floor Software Units Layout, Hitech City, Madhapur Madhapur Shaikpet Hyderabad India Agenda: To consider and adopt the Audited Financial Statements of the Company for the Financial Year2022-23 together with all schedules and notes attached thereto, along with the Report of the Board of Directors and Auditors thereon; to appoint a Director in place of Mrs. Janaki Yarlagadda who retires by rotation and being eligible, offers herself for re-appointment; and to appoint a Director in place of Mr. Nomula Srinivas who retires by rotation and being eligible, offers himself for re-appointment. Announcement • Aug 03
Shalimar Agencies Limited to Report Q1, 2024 Results on Aug 11, 2023 Shalimar Agencies Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Announcement • Jul 17
Shalimar Agencies Limited Announces the Resignation of Venkata Rajani Kumar Vemuri as CFO Shalimar Agencies Limited announced that Mr. Venkata Rajani Kumar Vemuri has resigned from the position of CFO of the company, effective from July 14, 2023. Mr. Venkata Rajani Kumar Vemuri resigned due to Personal Reasons. Announcement • Jul 16
Shalimar Agencies Limited Announces the Resignation of Venkata Rajani Kumar Vemuri as Whole-Time Director Shalimar Agencies Limited announced that Mr. Venkata Rajani Kumar Vemuri has resigned from the position of the Whole-Time Director of the company, effective from July 14, 2023. Mr. Venkata Rajani Kumar Vemuri resigned due to Personal Reasons. Board Change • Jun 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Non-Executive Independent Director Mayank Puran Joshi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 19
Shalimar Agencies Limited to Report Q4, 2023 Results on May 25, 2023 Shalimar Agencies Limited announced that they will report Q4, 2023 results on May 25, 2023 Board Change • May 02
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Non-Executive Independent Director Mayank Puran Joshi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 31
Shalimar Agencies Limited to Report Q3, 2023 Results on Feb 13, 2023 Shalimar Agencies Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Board Change • Jan 23
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Non-Executive Independent Director Mayank Puran Joshi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 13
Shalimar Agencies Limited Announces Step Down of Manoj Sandilya Telakapalli as Whole Time Director Shalimar Agencies Limited announced that Mr. Manoj Sandilya Telakapalli has stepped down from the position of the Whole Time Director of the company with effect from, i.e., January 12, 2023. However, He continues to be on the Board of the Company as Director of the Company. Further, the Company has received confirmation from aforementioned Director that there are no material reasons for his Change in Designation other than those mentioned in his resignation letter dated January 12, 2023. Board Change • Jan 09
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Non-Executive Independent Director Mayank Puran Joshi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 06
Shalimar Agencies Limited to Report Q2, 2023 Results on Nov 14, 2022 Shalimar Agencies Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Board Change • Oct 31
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Non-Executive Independent Director Mayank Puran Joshi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 10
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Non-Executive Independent Director Mayank Puran Joshi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Non-Executive Independent Director Mayank Puran Joshi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 07
Shalimar Agencies Limited, Annual General Meeting, Sep 30, 2022 Shalimar Agencies Limited, Annual General Meeting, Sep 30, 2022, at 10:00 Indian Standard Time. Location: at the Registered Office of the Company at 2nd Floor Purva summit Isprout Business Centre, Survey No: 8, Whitefield Road Hitech City Hyderabad India Agenda: To consider and adopt the Audited Financial Statements of the Company for the Financial Year 2021-22 together with all schedules and notes attached thereto, along with the Report of the Board of Directors and Auditors thereon; to consider and appoint a Director in place of Mr. Manoj Sandilya Telakapalli who retires by rotation and being eligible, offers himself for re-appointment; to consider Mr. Mayank Puran Chandra Joshi (DIN: 07830843), as Director of the Company; to consider Ms. Janaki Yarlagadda (DIN: 02129823), as Director of the Company; and to consider other matter also. Board Change • Aug 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Non-Executive Independent Director Mayank Puran Joshi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 01
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Non-Executive Independent Director Mayank Puran Joshi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 25
Shalimar Agencies Limited Announces Board Appointments Shalimar Agencies Limited informed that, on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company has appointed the following as Key Managerial Personnel with effect from July 23, 2022: Ms. Janaki Yarlagadda, Mr. Manoj Sandilya Telakapalli and Mr. Nomula Srinivas as Whole-Time Directors. Announcement • May 07
Shalimar Agencies Limited to Report Q4, 2022 Results on May 18, 2022 Shalimar Agencies Limited announced that they will report Q4, 2022 results on May 18, 2022 Executive Departure • Oct 07
Additional Non-Executive Independent Director Jata Venkata Rama Sekhar has left the company On the 30th of September, Jata Venkata Rama Sekhar's tenure as Additional Non-Executive Independent Director ended after less than a year in the role. We don't have any record of a personal shareholding under Jata Venkata Rama's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Aug 10
Executive Director Mallu Subramanyam has left the company On the 30th of July, Mallu Subramanyam's tenure as Executive Director ended. We don't have any record of a personal shareholding under Mallu's name. A total of 5 executives have left over the last 12 months. Executive Departure • Aug 10
CFO & Whole Time Director Aditya Magapu has left the company On the 30th of July, Aditya Magapu's tenure as CFO & Whole Time Director of the company ended after 2.3 years in the role. We don't have any record of a personal shareholding under Aditya's name. A total of 5 executives have left over the last 12 months. Under Aditya's leadership, the company delivered a total shareholder return of 58%. Executive Departure • Aug 10
Independent Non-Executive Director Sarapu Sowjanya has left the company On the 30th of July, Sarapu Sowjanya's tenure as Independent Non-Executive Director ended after 5.3 years in the role. We don't have any record of a personal shareholding under Sarapu's name. A total of 5 executives have left over the last 12 months. Executive Departure • Apr 20
Independent Non-Executive Director has left the company On the 12th of April, Natwarlal Modani's tenure as Independent Non-Executive Director ended after 5.0 years in the role. We don't have any record of a personal shareholding under Natwarlal's name. A total of 2 executives have left over the last 12 months. Executive Departure • Apr 20
Independent Non-Executive Director has left the company On the 12th of April, Rahul Rawlyani's tenure as Independent Non-Executive Director ended after 4.9 years in the role. We don't have any record of a personal shareholding under Rahul's name. A total of 2 executives have left over the last 12 months. Announcement • Feb 03
Shalimar Agencies Limited to Report Q3, 2021 Results on Feb 12, 2021 Shalimar Agencies Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Announcement • Sep 06
Shalimar Agencies Limited to Report Q1, 2021 Results on Sep 14, 2020 Shalimar Agencies Limited announced that they will report Q1, 2021 results on Sep 14, 2020 
