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Spice Lounge Food Works Hits Upper Circuit on Indian Emulsifiers MoU

By ThePip DeskSpice Lounge Food Works Hits Upper Circuit on Indian Emulsifiers MoU

Spice Lounge Food Works shares hit the upper circuit at Rs 40.01 on BSE following a strategic MoU with Indian Emulsifiers for food ingredients.

Spice Lounge Food Works hit the upper limit of Rs 40.01 on the BSE, rising 1.90 points or 4.99% from its previous close of Rs 38.11.

Trading Metrics And Key Figures

The scrip opened at Rs 40.01, hitting a high and low of Rs 40.01 and Rs 40.00 respectively, with a total volume of 790,802 shares traded on the counter.

  • Current Market Cap: Rs 2,789.19 crore
  • Promoter Holding: 64.37%
  • Non-Institutions Holding: 35.63%
  • 52-Week High: Rs 72.20 on 24-Nov-2025
  • 52-Week Low: Rs 16.21 on 20-May-2026

Strategic MoU Details

The BSE group ‘B’ stock of face value Rs 1 surged following the execution of a non-binding Memorandum of Understanding with Indian Emulsifiers. The agreement marks a strategic step toward building the company’s presence in the high-value food ingredients space through exclusive offtake, branding, and distribution in India.

  • Arrangement Duration: Indicatively five years from commissioning
  • Production Output: Approximately 200 MT per month
  • Cumulative Revenue Potential: Around Rs 500 crore over the first three years

The arrangement is expected to provide access to the entire monthly saleable output of Indian Emulsifiers’ new food-grade emulsifier line and includes an option over export markets not already served through internal channels. This aligns with the company’s focus on expanding its food solutions portfolio.

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