Spice Lounge Food Works Hits Upper Circuit; Announces Global Music Expansion with Black Coffee Event

New Delhi [India], May 4: Spice Lounge Food Works Limited witnessed a sharp rally in its share price on Monday, snapping a six-day losing streak amid strong buying interest. The small-cap stock surged to its 5% upper circuit limit at ₹20.51 per share on the BSE, reflecting renewed investor confidence.

Despite recent volatility, the stock has delivered exceptional long-term returns. Over the past two years, Spice Lounge Food Works has gained 402%, while delivering a remarkable 1,411% surge over a five-year period, positioning it among notable multibagger performers in the small-cap space. As of 12:05 PM, the stock continued to trade at ₹20.51, up 5% for the day.

In a significant strategic development, the company announced that its experiential and cultural platform, XORA World, will host internationally acclaimed, Grammy Award-winning artist Black Coffee in Hyderabad. The event is scheduled for April 2, 2026, at Quake Arena, as part of the artist's India tour.

To elevate the live entertainment experience, Spice Lounge Food Works is curating a 50,000 sq. ft. multi-level immersive venue for the event. This announcement builds on the company's recent cultural initiatives, including the celebration of 50 years of musical excellence by Ilaiyaraaja, highlighting strong momentum in its XORA World pipeline.

The move underscores a strategic shift beyond traditional restaurant-led revenue models. By expanding into experiential segments such as global-format music events, the company aims to boost brand visibility, strengthen direct-to-consumer engagement, and unlock new revenue streams. It also expects to drive cross-brand synergies across its portfolio, which includes Blaze Kebabs, XORA, Salud, Buffalo Wild Wings, and Wing Zone.

Formerly known as Shalimar Agencies Limited, Spice Lounge Food Works is increasingly positioning itself at the intersection of hospitality and experiential entertainment.

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