Spice Lounge Food Works touches roof as its arm secures AI development order
Spice Lounge Food Works is currently trading at upper circuit limit of Rs. 24.87, up by 1.18 points or 4.98% from its previous closing of Rs. 23.69 on the BSE.
The scrip opened at Rs. 24.86 and has touched a high and low of Rs. 24.87 and Rs. 24.86 respectively. So far 747778 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. 25.00 and Rs. 22.57 respectively. The current market cap of the company is Rs. 1733.74 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’ subsidiary -- TEKsoft Systems has secured a large AI development order from Resource Point LLC, Michigan, USA, worth $5,250,000 (around Rs 49.64 crore, 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 around 24 months, with production go-live targeted by July 2028.
