Press Release - Spice Lounge Food Works Ltd - Announces that the Board of Directors of the Company have considered and approved the acquisition of M/s PRISHA INFOTECH PTE. LTD, a Singapore ....
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Spice Lounge Food Works Ltd (BSE: 539895), a food service company based in Hyderabad, announced that its Board has approved the 100% acquisition of Singapore-based Prisha Infotech Pte. Ltd. for USD 150,000 in cash. The acquisition is aimed at building in-house technology capabilities spanning enterprise software, digital platforms, supply chain tools, POS systems, and analytics for its hospitality and food service business. No regulatory approvals are required, and the deal is targeted to close within 12 months. Prisha Infotech reported turnover of USD 7.86 million in FY2025, USD 10.82 million in FY2024, and USD 10.02 million in FY2023, despite the relatively small acquisition consideration.
This is a small-ticket, technology-focused acquisition intended to strengthen Spice Lounge's digital backbone and provide a foothold in Singapore, but the very low deal value relative to Prisha's reported revenue may raise questions about the target's quality or the terms involved. Short-term impact on the stock is likely limited given the small size; longer-term impact depends on how effectively the technology integration supports the company's food service growth.