Spice Lounge Food Works: Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 29 And 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulation 2015

1. The Board by passing a unanimous resolution approved the acquisition of M/s Rightfest Hospitality LLP. The detailed disclosure as required under Regulation 30 of SEBI (LODR) Regulations 2015 read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11 2024 has been provided under Annexure I.2. The Board authorised Mr. Mohan Babu Karjela (DIN: 08570948) Chairman and Director to analyse evaluate and take an appropriate decision on behalf of the Company regarding the potential acquisition of a majority stake in Blackstone Management LLC. Mr. Mohan Babu Karjela has been empowered to negotiate investment terms and conclude the transaction in consultation with legal financial and strategic advisors