Upper Circuit Stock: Shalimar Agencies Changes its Name to Spice Lounge Food Works

Spice Lounge Food Works Limited, formerly known as Shalimar Agencies Limited, has announced significant corporate changes, including a change in its company name, an update to its official website, and the scheduling of an upcoming Board Meeting.

Shalimar Agencies Undergoes Name Change and Symbol Update

Effective August 11, 2025, the company's name officially changed from "Shalimar Agencies Limited" to "Spice Lounge Food Works Limited". 

Shalimar Agencies, founded in 1981, is involved in dealing with shares, bonds, and other securities. In addition to its trading activities, the company also offers computer and outsourcing services in the information technology sector. These services include handling data, voice, or video collection and processing, as well as operating call centres for various clients. The company has a market capitalisation of over ₹2,600 crore.

New Company Website Launched

Following the name change, the company's official website has been updated to https://www.espicelounge.com. Stakeholders are advised to visit this new website for any future updates. 

Board Meeting Scheduled to Approve Financial Results

A Meeting of the Board of Directors is scheduled to be held on Thursday, August 14, 2025. The primary agenda for this meeting is to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the First Quarter Ended June 30, 2025. The Board may also address any other matter with the permission of the Chair.

Spice Lounge Share Price Hits 2% Upper Circuit

On Tuesday, Shalimar Agencies' share price was locked in the 2% upper circuit on August 14 as of 10:47 am IST.

The share price has jumped from ₹4.60 per share to ₹38.70 per share, surging 741.30% in a year.

Disclaimer: The article is for informational purposes only and not investment advice.