Key Dates
- Financial Year Ended: March 31, 2026
- AGM Date: September 30, 2026 at 4:00 PM through Video Conferencing/Other Audio Visual Means
- Remote E-voting Period: September 27, 2026 (10:00 AM) to September 29, 2026 (5:00 PM)
- Cut-off Date for E-voting: September 23, 2026
Financial Performance (Standalone - Amount in ₹ Lakhs)
FY 2025-26 Performance:
- Revenue from Operations: ₹222.18
- Total Expenses: ₹182.80
- Profit Before Tax: ₹39.38
- Tax Expense: ₹13.02 (Current Tax: ₹9.91, Deferred Tax: ₹3.11)
- Net Profit After Tax: ₹26.36
- Earnings Per Share (Basic & Diluted): ₹0.004
Comparison with Previous Year (FY 2024-25):
- Revenue from Operations: ₹66.21 (previous year)
- Net Profit After Tax: ₹19.41 (previous year)
- EPS: ₹0.003 (previous year)
Financial Position as on March 31, 2026:
- Total Assets: ₹15,673.37
- Equity Share Capital: ₹6,971.23 (69,71,22,600 equity shares of ₹1 each)
- Other Equity: ₹3,361.96
- Borrowings (Non-current): ₹4,374.99 (FCCB Loans)
- Borrowings (Current): ₹95.46 (Unsecured loans from related parties)
Dividend and Reserves
- No dividend recommended for FY 2025-26
- No amount transferred to general reserves
Capital Structure
- Authorized Share Capital: ₹70,00,00,000 (70,00,00,000 equity shares of ₹1 each)
- Paid-up Capital: ₹69,71,22,600 (69,71,22,600 equity shares of ₹1 each)
- No change in capital structure during the financial year
Key Management Changes
Appointments:
- Mr. Uday Kiran Devineni (DIN: 01920226) as Non-Executive Independent Director from September 19, 2025
- Mr. Naresh Thaluru (DIN: 11292446) as Non-Executive Independent Director from September 19, 2025
- Mr. P.S. Phaninder Nath as Chief Financial Officer from August 6, 2026
Resignation:
- Mr. Paritala Ravi Kumar resigned as Chief Financial Officer effective August 6, 2026
Key Managerial Personnel (as on March 31, 2026)
1. Mrs. Kondini Nikitha Chowdhary - Non-Executive Independent Director (Women Director)
2. Mr. Babu Edalamapti Purushotham - Managing Director, Executive Director
3. Mr. Mohan Babu Karjela - Executive Director, Chairperson
4. Mr. Veluru Ramesh Naidu - Executive Director
5. Mr. Venugopal Naidu Kongarla Venkatesh - Executive Director
6. Mr. Vinay Kesaram - Non-Executive Independent Director
7. Ms. Surabhi Dayal - Company Secretary and Compliance Officer
8. Mr. Uday Kiran Devineni - Non-Executive Independent Director
9. Mr. Naresh Thaluru - Non-Executive Independent Director
10. Mr. P.S. Phaninder Nath - Chief Financial Officer
Corporate Governance
Committee Composition:
Audit Committee (as on March 31, 2026):
- Ms. Kondini Nikitha Chowdhary (Chairperson)
- Mr. Vinay Kesaram (Member)
- Mr. Uday Kiran Devineni (Member)
- Mr. Veluru Ramesh Naidu (Member)
Nomination & Remuneration Committee:
- Mr. Vinay Kesaram (Chairperson)
- Ms. Kondini Nikitha Chowdhary (Member)
- Mr. Uday Kiran Devineni (Member)
- Mr. Naresh Thaluru (Member)
Stakeholders Relationship Committee:
- Ms. Kondini Nikitha Chowdhary (Chairman)
- Mr. Vinay Kesaram (Member)
- Mr. Mohan Babu Karjela (Member)
- Mr. Veluru Ramesh Naidu (Member)
Risk Management Committee:
- Mr. Mohan Babu Karjela (Chairperson)
- Mr. Vinay Kesaram (Member)
- Mr. Babu Edalamapti Purushotham (Member)
- Mr. Veluru Ramesh Naidu (Member)
Board Meetings:
- 12 meetings held during FY 2025-2026
Subsidiaries
The consolidated financial statements include the following subsidiaries:
1. Mirchi Wild Wings Private Limited (100% ownership)
2. MWW Gachibowli Private Limited - Step Down Subsidiary (100% ownership)
3. Chicken Wild Wings Private Limited (100% ownership)
4. Teksoft Systems Inc, USA (100% ownership)
Investments and Loans
- Investments made during the year: ₹4,447.98 lakhs
- Loans given to subsidiaries and step-down subsidiaries: ₹144.92 lakhs
- Loans given to others: ₹242.28 lakhs
- Outstanding loans to subsidiaries: ₹132.59 lakhs
- Outstanding loans to others: ₹222.33 lakhs
FCCB and Foreign Exchange
- Received Foreign Currency Convertible Bonds (FCCBs) amounting to USD 5,000,000 (₹4,374.99 lakhs) carrying 1% interest per annum
- Foreign exchange earnings: ₹302.98 lakhs
- Foreign exchange outgo: Nil
Other Key Disclosures
- No material changes affecting financial position post year-end
- No significant orders passed by regulatory authorities/courts
- No deposits accepted under Sections 73, 74 & 76 of Companies Act, 2013
- No frauds reported by auditors under Section 143(12)
- No applications/proceedings under Insolvency and Bankruptcy Code, 2016
- No corporate social responsibility initiatives undertaken (Section 135 not applicable)
- No sexual harassment cases reported during the year
- Adequate internal financial controls in place
- No revision of financial statements
- No unpaid/unclaimed dividend
- No shares in demat suspense account
Shareholding Pattern (as on March 31, 2026)
- Promoter & Promoter Group: 64.37% (5 shareholders, 44,87,17,910 shares)
- Public: 35.63% (6,872 shareholders, 24,84,04,690 shares)
- Total: 100% (6,876 shareholders, 69,71,22,600 shares)
Distribution Schedule
Majority of shareholders (98.57%) hold between 1-5,000 shares, accounting for only 0.21% of total share capital, while 16 shareholders holding 100,001+ shares account for 99.57% of share capital.
AGM Business Items
Ordinary Business:
1. Adoption of audited standalone and consolidated financial statements for FY 2025-26
2. Re-appointment of Mr. Babu Edalamapti Purushotham (DIN: 03466935) as director retiring by rotation
3. Re-appointment of Mr. Mohan Babu Karjela (DIN: 08570948) as director retiring by rotation
Important Notes
- The AGM will be held through video conferencing due to COVID-19 guidelines
- Documents available on company website: www.espicelounge.com
- Registrar & Share Transfer Agent: Aarthi Consultants Pvt. Ltd., Hyderabad
- Bankers: Axis Bank Ltd, Hyderabad