BSEGeneral21 Oct 2026 · 21 Oct 2026, 10:44 am
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, we wish to inform you that TEKsoft Systems, a subsidiary of Spice Lounge Food Works Limited, has secured a large AI development order from Resource Point LLC, Michigan, USA, worth USD 5,250,000 (approx. ?49,64,42,625, based on prevailing exchange rates as of October 2026), for the development of an AI-powered technology platform for the sales and recruitment sector.
Spice Lounge Food Works Ltd · 539895
✦ AI Summary▲ PositiveOrder Win
Spice Lounge Food Works Ltd's subsidiary, TEKsoft Systems, has secured a large AI development order worth USD 5,250,000 from Resource Point LLC, Michigan, USA, for the development of an AI-powered technology platform for the sales and recruitment sector.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment9/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Spice Lounge Food Works Ltd - 539895 - Announcement under Regulation 30 (LODR) - Bagging/receiving of order(s) or contract(s)
Attachments (1)
📄pdf
Download →
745586b8-81b9-4a85-b985-8ed404366a2e.pdf
View document text
SPICE LOUNGE FOOD WORKS LIMITED
(formerly SHALIMAR AGENCIES LIMITED)
(CIN NO: L151226TG1981PLC114084)
Date: 21.10.2026
To, To, To,
BSE Limited Metropolitan Stock Exchange of India The Calcutta Stock Exchange
Phiroze Limited, Limited
Jeejeebhoy 205(A), 2nd floor, Piramal 7, Lyons Range, Dalhousie,
Towers, Agastya Corporate Park, Kolkata-700001, West Bengal
Dalal Street, Kamani Junction, LBS Road,
Mumbai- 400 001 Kurla (West), Mumbai-400070.
Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, TEKsoft Systems Secures Large AI Development Order
Worth USD 5,250,000 (approx. ₹49,64,42,625, based on prevailing exchange rates as of
October 2026)
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we wish to inform you that TEKsoft Systems, a subsidiary of Spice Lounge
Food Works Limited, has secured a large AI development order from Resource Point LLC,
Michigan, USA, worth USD 5,250,000 (approx. ₹49,64,42,625, based on prevailing exchange
rates as of October 2026), for the development of an AI-powered technology platform for the
sales and recruitment sector.
The project scope covers software development, quality assurance and testing, system integration,
deployment and go-live support, leveraging Microsoft technologies, artificial intelligence,
automation and third-party API integrations, and is expected to be executed over approximately
24 months, with production go-live targeted by July 2028.
The details pursuant to Regulation 30 of SEBI Listing Regulations, 2015 and SEBI Circular
SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are set out in Annexure A.We
request you to kindly take the same on record.
For Spice Lounge Food Works Limited
(Fomerly Shalimar Agencies Limited)
Mohan Babu Karjela
Chairman/Director
DIN :08570948
Reg – Off - 5th Floor, Western Dallas Centre, Survey No. 83/1, Knowledge City, Raidurg,
Rangareddy, Madhapur, Hyderabad, Shaikpet, Telangana, India, 500081
Contact No: 040-9030057374 ; E-Mail: shalimaragenciesltd@gmail.com ;
Website: www.espicelounge.com
SPICE LOUNGE FOOD WORKS LIMITED
(formerly SHALIMAR AGENCIES LIMITED)
(CIN NO: L151226TG1981PLC114084)
Date: 21.10.2026
Annexure - A
Details pursuant to Regulation 30 of SEBI Listing Regulations, 2015 and SEBI
Circular SEBI/HO/CFD/CFD-Pod 1/P/CIR/2023/123 dated July 13, 2023
Particulars Details
a) Name of the entity awarding the Resource Point LLC, Michigan, USA
order(s)/contract(s)
b) Significant terms and conditions of TEKsoft Systems, a subsidiary of Spice Lounge
order(s)/contract(s) awarded in brief Food Works Limited, has secured a large AI
development order from Resource Point LLC
worth USD 5,250,000 (approx. ₹49,64,42,625)
for the development of an AI-powered
technology platform for the sales and
recruitment sector.
c) Whether order(s)/contract(s) have been International
awarded by domestic/international entity
d) Nature of order(s)/contract(s) Software product development, including
application development, quality assurance and
testing, system integration, deployment and go-
live support.
e) Time period by which the order(s)/contract(s) Approximately 24 months, with production go-
is to be executed live targeted by July 2028.
f) Broad consideration or size of the USD 5,250,000 (approx. ₹₹49,64,42,625, based
order(s)/contract(s) on prevailing exchange rates as of October
2026)
g) Whether the promoter/promoter No
group/group companies have any interest in the
entity that awarded the order(s)/contract(s)? If
yes, nature of interest and details thereof
h) Whether the order(s)/contract(s) would fall No, the transaction does not fall within the
within related party transactions? If yes, ambit of related party transactions.
whether the same is done at “arm's length”
Reg – Off - 5th Floor, Western Dallas Centre, Survey No. 83/1, Knowledge City, Raidurg,
Rangareddy, Madhapur, Hyderabad, Shaikpet, Telangana, India, 500081
Contact No: 040-9030057374 ; E-Mail: shalimaragenciesltd@gmail.com ;
Website: www.espicelounge.com