1. The Board approved the acquisition of M/s PRISHA INFOTECH PTE. LTD, a Singapore based entity at USD 1,50,000 /- (USD One Lakh and Fifty Thousand Only) This will result in M/s PRISHA ....
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Awaiting price reaction for this filing.
Spice Lounge Food Works' board has approved the 100% acquisition of Prisha Infotech Pte. Ltd, a Singapore-based IT and software development company, for a cash consideration of USD 1,50,000 (about ₹1.25 crore). The deal will make Prisha a wholly owned subsidiary effective 1 January 2026. Prisha, incorporated in May 2021, reported turnover of around USD 10 million in FY24 and FY23, though FY25 turnover dipped to roughly USD 7.86 million. The company said the acquisition is strategic and aimed at expanding international markets and revenue growth, and confirmed it is not a related-party transaction requiring no government approvals.
For shareholders, this is a small-ticket overseas acquisition (USD 150K) into IT services, which is outside the company's food business name, suggesting a diversification move. The low deal size relative to the target's turnover (~USD 10M) is notable, but near-term impact on the stock is likely limited given the modest scale of the transaction.