Spice Lounge Food Works Ltd Greenlights USD 5 Million Investment to Boost US Subsidiary Expansion

Spice Lounge Food Works Ltd has taken a decisive step to strengthen its global IT footprint by approving an overseas direct investment (ODI) of up to USD 5 million into its wholly owned US subsidiary, Teksoft Systems INC. The Board of Directors sanctioned this move during their meeting held on September 24, 2025, aiming to enhance the company’s IT consulting and software development capabilities while supporting broader international expansion.

Key Investment Highlights  
- The investment will be executed in one or more tranches, ensuring compliance with regulatory frameworks including the Companies Act, 2013, FEMA, RBI, and SEBI Listing Obligations and Disclosure Requirements (LODR) regulations.  
- Teksoft Systems INC, headquartered in the United States, specializes in IT consulting and software development services. This funding is expected to bolster its service offerings and competitive edge in the global market.  
- The move aligns with Spice Lounge Food Works’ strategic objective to increase its overseas market share and capitalize on rising international demand for advanced IT solutions.  
- The promoters and promoter group hold no separate interest in Teksoft Systems beyond their holdings via Spice Lounge Food Works, ensuring transparency and adherence to governance policies.

The strategic investment underlines Spice Lounge Food Works’ commitment to expanding its technological expertise and global presence through its US subsidiary. This initiative is a crucial step toward capturing a larger share of the international IT services market and driving long-term growth.

Source: BSE India announcement dated September 24, 2025