Mumbai, December 4 (Udaipur Kiran): Shares of Spice Lounge Food Works were locked at the upper circuit on the BSE on Wednesday after the company secured the exclusive Master Franchise rights for Wing Zone. The stock was trading at Rs. 52.99, up by Rs. 2.52 or 4.99 per cent from its previous closing of Rs. 50.47.
The scrip opened at Rs. 52.80 and touched an intra-day high of Rs. 52.99 and a low of Rs. 52.35. A total of 2,66,010 shares were traded on the counter.
The BSE Group ‘XT’ stock with a face value of Rs. 1 has touched a 52-week high of Rs. 72.20 on November 24, 2025, and a 52-week low of Rs. 5.32 on December 10, 2024. Over the last one week, the stock moved between a high of Rs. 53.25 and a low of Rs. 45.67. The company’s current market capitalisation stands at Rs. 3,694.05 crore. Non-institutional investors hold 100 per cent stake in the company.
Spice Lounge Food Works has secured the exclusive Master Franchise rights for Wing Zone, a globally recognised quick service restaurant brand known for its chicken-based offerings and flavour-focused menu. With this agreement, the company will spearhead the development, operations and nationwide expansion of Wing Zone in India.
As part of the initial rollout, the company will launch India’s first Wing Zone outlet in Koramangala, Bengaluru, in January 2026. The location has been selected due to its strong footfall and established QSR ecosystem.
Spice Lounge Food Works is a publicly listed food service company focused on dining innovation in India.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
