Spice Lounge Food Works hits upper circuit on executing MoU with Indian Emulsifiers
Spice Lounge Food Works is currently trading at upper limit of Rs. 40.01, up by 1.90 points or 4.99% from its previous closing of Rs. 38.11 on the BSE.
The scrip opened at Rs. 40.01 and has touched a high and low of Rs. 40.01 and Rs. 40.00 respectively. So far 790802 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 72.20 on 24-Nov-2025 and a 52 week low of Rs. 16.21 on 20-May-2026.
Last one week high and low of the scrip stood at Rs. 40.01 and Rs. 34.57 respectively. The current market cap of the company is Rs. 2789.19 crore.
The promoters holding in the company stood at 64.37%, while Non-Institutions held 35.63% stake in the company.
Spice Lounge Food Works has executed a non-binding Memorandum of Understanding (MoU) with Indian Emulsifiers (IEML). The MoU marks a strategic step toward building the company's presence in the high-value food ingredients space. It contemplates the exclusive offtake, branding and distribution in India of IEML's food-grade emulsifier range, indicatively for five years from commissioning of IEML's relevant production line. Subject to definitive documentation, the arrangement is expected to provide the company with access to the entire monthly saleable output of IEML's new food-grade emulsifier line, currently indicated at approximately 200 MT per month. The MoU also provides for an option over export markets not already served through IEML's own channels.
This opportunity aligns with the company's focus on expanding its food solutions portfolio through differentiated products, trusted supply relationships and a broader distribution platform. Based on the indicative volumes contemplated under the MoU and the company's internal assessment of prevailing market pricing for food-grade emulsifiers, the company estimates a cumulative revenue potential of around Rs 500 crore over the first three years of operation under the arrangement.
