This move is more than just an acquisition of an entertainment venue operator for the Company as it signals a deliberate horizontal expansion beyond its culinary roots into the fast-growing experiential lifestyle ecosystem. By leveraging Rightfest's strong brand, live-music events and premium venue assets, the company aims to capitalise on rising demand from affluent millennials and tourists across metros and leisure destinations.

With this strategic move, Spice Lounge Food Works positions itself to scale not just as a food service player but as all-encompassing lifestyle powerhouse; delivering curated experiences across dining, nightlife and entertainment while unlocking higher growth and asset light revenue opportunities.