Spice Lounge Food Works Ltd to invest in Teksoft Systems INC

The Board of Directors of Spice Lounge Food Works Limited (Formerly Shalimar Agencies Limited) ("the Company") at its meeting held today, i.e., 24th September, 2025 at 03:30 P.M. at the Registered Office of the Company, considered and approved the proposal for making an Overseas Direct Investment (ODI) in its Wholly Owned Subsidiary (WOS), Teksoft Systems INC, United States of America (USA).

The Board has approved an investment of up to USD 5 Million (United States Dollars Five Million only), in one or more tranches, in compliance with the provisions of the Companies Act, 2013, FEMA, RBI regulations, SEBI LODR Regulations, 2015 and other applicable statutory requirements.

Teksoft Systems INC is incorporated in the USA and is engaged in providing IT consulting, software development and related services. The Company is expanding operations to cater to growing overseas demand.

Source : Equity Bulls

Keywords

SpiceLoungeFoodWorks Investment TeksoftSystemsINC USA