DIGISPICE TECHNOLOGIES LIMITED — Board/Management Information 2020

Dec 14, 2020

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Date: December 14, 2020

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 517214

National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra – Kurla Complex, Bandra (E) Mumbai – 400 051 Scrip Code: DIGISPICE

Sub.: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

This is to inform you that Spice Money Limited (formerly known as Spice Digital Limited) (SML), a wholly-owned subsidiary of the Company, in its Board Meeting held on 13[th] December, 2020, has appointed Mr. Sonu Sood (SS) as brand ambassador through Sood Infomatics LLP (SIL) for a cash consideration for a period of 3 years. As per the Agreement, SIL has, inter alia, agreed to subscribe 8,69,030 (Eight Lakh Sixty Nine Thousand and Thirty) Class B Equity Shares of Rs.10/- each of SML (Approx. 2% of the present share capital of SML), subject to the necessary approval(s) as required for issue and allotment of the Class B Equity Shares. These Class B Equity Shares will be partly paid up initially and will become fully paid up over a period of 3 years as per the agreed schedule.

On successful performance by SIL and SS of their obligations and upon the achievement of the milestones and delivery of the deliverables and upon issue of further Class B Equity Shares as agreed between SML and SIL & SS, the final stake of SIL in SML may result in ownership of Class B Equity Shares of upto approx. 5% of the present paid-up share capital of SML.

Consequently, SML shall cease to be a wholly-owned subsidiary of the Company but will continue to be a subsidiary company,

A copy of the Press Release being issued by SML is also attached.

You are requested to kindly take the above on record and oblige.

Thanking you.

Yours faithfully, For DiGiSPICE Technologies Limited (formerly Spice Mobility Limited)

Sd/-

M.R. Bothra Vice President – Corporate Affairs & Company Secretary Ph. No. 0120 – 5029101

Encl: Press Release issued by Spice Money Limited

Note: In view of the Guidelines issued by the stock exchanges for submission of the documents in the wake of CoVID-19 virus pandemic, this document is being submitted without signature of the aforesaid signatory i.e. with Sd/-.

DiGiSPICE Technologies Limited (Formerly Spice Mobility Ltd.) CIN - L72900DL1986PLC330369

Regd. Office: 622, 6[th] Floor, DLF Tower A, Jasola District Centre, New Delhi 110025, Tel: +91 11 41251965 Corp. Office: Spice Global Knowledge Park, 19A & 19B, Sector-125, Noida- 201301, Uttar Pradesh, India - Tel: +91 120 3355131 Email ID: Complianceofficer@smobility.in I Website: www.digispice.com

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Sonu Sood partners with India’s leading rural fintech, Spice Money

Collaboration to digitally and financially empower over 1 crore rural entrepreneurs

Mumbai, December 14, 2020: Spice Money, India’s leading rural fintech firm, today announced that the company has joined hands with actor, humanitarian and philanthropist, Sonu Sood to achieve their mutual vision to digitally and financially empower 1 crore rural entrepreneurs.

Since the start of the COVID-19 pandemic Sonu Sood’s goal has been to help those in need in the remotest corners of the country, while Spice Money’s aim has been to strengthen the country’s rural economy through digital empowerment and financial inclusion. Given their common vision to digitally uplift rural India, Sonu Sood and Spice Money will jointly work towards creating an entrepreneurial mindset in towns and villages. As part of the association, Sonu Sood will own equity stake in the company and has been appointed as a Non-Executive Advisory Board Member.

Spice Money will ideate collectively with Sonu Sood to design new initiatives and products that will bridge the divide between rural and urban India. Spice Money will also enable select existing programs developed by Sonu Sood during the lockdown, to be made available on the Spice Money platform.

As a Non Executive Advisory board member Sonu will contribute in building the network of entrepreneurs, while encouraging financial inclusion and digital empowerment in rural India. Sonu Sood will work with Spice Money Adhikaris (entrepreneurs) to develop an appetite for digital product offerings thus, accelerating their digital journey through technology adoption. Sonu Sood will also be seen as Spice Money’s first brand ambassador.

Dilip Modi, Founder of Spice Money said, “Spice Money is on a mission to digitally and financially empower over 1 crore rural entrepreneurs. We are thrilled to have in Sonu Sood, a partner who shares the same passion. We will together enable Indians to harness the power of technology in earning an independent livelihood without having to leave their homes and families. This strategic association will leverage digital solutions and knowledge creation through the Spice Money platform, to promote self-reliance, entrepreneurship and financial inclusion in every corner of ‘Bharat’.”

Speaking on the occasion Sonu Sood said, “I strongly believe that together, we will chart the future for an Aatmanirbhar Bharat. Humein har gaon ko digitally saksham banaana hai. Through my experiences over the last few months, I have gained an eye-opening perspective on the needs and struggles of the people in towns and villages of India. My vision is to make my countrymen, socioeconomically independent and self-reliant using technology. My association with Spice Money will help us jointly achieve just that. The company’s technology prowess and extensive reach in the country gave me an unparalleled platform to reach out to citizens in rural India. ”

Since the beginning of its operations in 2015, Spice Money has been focusing on financial inclusion with nearly 90% of its digital Adhikaris (entrepreneurs) being in semi-urban and rural India. The company’s endeavor has been to bridge the gap between the served and the under-served, providing digital and financial services to customers at their doorstep. Spice Money has been progressing at a rapid pace, towards covering 18,000+ pin codes, 700+ districts and 5000+ blocks in India.

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About Spice Money

Spice Money is India’s leading rural fintech company with close to 500,000 Adhikaris (entrepreneurs) offering cash deposit, aadhar enabled payment system for cash withdrawal, mini ATM, insurance, loans, bill payments, cash collection centre for customer/agents/representative of NBFC/Banks, airtime recharge, tours & travel, online shopping,, Pan Card and mPoS services. Spice Money services are available through Spice Money App (Adhikari App) and web portal. Spice Money through its cutting edge technology and wide network of Spice Money Adhikaris, is bridging the gaps in access to various financial services for the masses across the length and breadth of India." To know more, visit https://spicemoney.com/.

For further information, please contact:

	Kuldeep PawarSpice Money+91.7020582223kuldeep.pawar@spicemoney.com	Divyata KalhansAdfactors PR+91. 9910069384divyata.kalhans@adfactorspr.com	Ritika KarAdfactors PR+91.9711306380ritika.kar@adfactorspr.com