Disclosure Information

  • Submitted to BSE Limited, Metropolitan Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited
  • Date: 14.07.2026
  • Regulation: 30 of SEBI (LODR) Regulations, 2015
  • Signed by Mohan Babu Karjela, Chairman/Director (DIN: 08570948)

Event Announcement

Spice Lounge Food Works Limited has opened its first Wing Zone outlet in Bengaluru. The outlet is located in Koramangala - KHB Opposite Jyoti Nivas College.

Franchise Agreement Details

The company has secured exclusive Master Franchise rights for Wing Zone, an internationally recognized American quick service restaurant (QSR) brand. Wing Zone is renowned for its bold chicken flavours, signature sauces and premium-quality offerings, with 30+ years of heritage and presence across multiple international markets.

Under this partnership, Spice Lounge Food Works will lead:

  • Development of the Wing Zone brand in India
  • Restaurant operations and brand management
  • Nationwide expansion across multiple cities

First Outlet Details

  • Location: Koramangala, Bengaluru
  • Opening: May 2026
  • Selection rationale: Vibrant food and beverage ecosystem, high concentration of young professionals and students, strong QSR culture, excellent accessibility and delivery demand

Expansion Roadmap

Phase 1: Koramangala, Bengaluru and Anjanapura, Bengaluru

Phase 2: Additional outlets across Bengaluru

Phase 3: Expansion to Hyderabad, Chennai and other major metropolitan cities

Strategic Vision

The partnership aims to establish Wing Zone as India's most exciting flavour-forward chicken brand through a combination of flagship restaurants and cloud kitchens, delivering accessibility, scalability and sustainable nationwide growth. This acquisition strengthens Spice Lounge's vision of building one of India's leading multi-brand QSR companies while expanding its portfolio of globally recognised food brands.

Market Opportunity

The Indian market presents significant opportunity driven by:

  • Rising demand for premium chicken QSR brands
  • Growing preference for global food experiences
  • Rapid urbanisation and increasing disposable incomes
  • Strong growth in food delivery and cloud kitchens

Management Commentary

Mohan Babu Karjela, Chairperson & Director, stated: "This partnership marks an important milestone in our long-term growth strategy and reinforces our commitment to building a diversified, multi-brand food services platform in India."

Company Portfolio

The company's brand portfolio includes:

  • Buffalo Wild Wings
  • Wing Zone
  • Blaze Kebabs
  • TekSoft Systems Inc.