SPICE LOUNGE FOOD WORKS LIMITE

Operates a multi-vertical consumer business spanning QSR restaurants, software/IT services and live entertainment events, with nearly all activity running through subsidiaries. Under the food and restaurant vertical, it runs QSR brands including Buffalo Wild Wings, Blaze Kebabs, Xora, Salud and Wing Zone — for which it holds exclusive Master Franchise rights for India — with the first Wing Zone outlet opened in Koramangala, Bengaluru in July 2026 and a second planned for Anjanapura, and phased expansion mapped across Bengaluru, Hyderabad, Chennai and other metros via flagship stores and cloud kitchens. The software/IT services segment runs through US subsidiary Teksoft Systems Inc, which launched ondesi.ca, an online classifieds and community marketplace for the South Asian community in Ontario, Canada, with categories spanning food, housing, groceries, jobs and services. A third vertical, XORA World, runs large-format live entertainment events through subsidiary Rightfest, including the Circoloco Mumbai 2026 event, a Black Coffee concert in a 50,000 sq ft venue in Hyderabad, an Ilaiyaraaja 50-year celebration at Gachibowli Stadium, and a Harris Jayaraj concert. Employee costs are the largest expense at 41.7% of revenue, followed by other operating expenses at 40.4% and materials at 7.2%.