DIGISPICE TECHNOLOGIES LIMITED — Capital/Financing Update 2020

Feb 14, 2020

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S.No.	Particulars	Details
a)	theamountandpercentageoftheturnoverorrevenueorincomeandnetworthcontributedbysuchunitordivisionofthelistedentityduringthelastfinancialyear;	Shareof Ziiki MediaSA(Pty) Ltd. (formerly SpiceDigitalSouthAfrica(Pty)Ltd.) ('Ziiki1intheProfit/LossofthelistedentityduringthelastfinancialyearendedonMarch31,2019:ParticularsAsSubsidiaryAsAssociate(1.4.2018to(7.2.2019 to6.2.2019)31.3.2019)Amount(Loss)in(100.75)(70.41)Rs.LakhsPercentage16.64%11.63%Shareof ZiikiinTotalComprehensiveIncome ofthelistedentityduringthelastfinancialyearendedonMarch31,2019:ParticularsAsSubsidiaryAsAssociate(1.4.2018to(7.2.2019 to6.2.2019)31.3.2019)Amount(Loss)in(100.75)(70.41)Rs.LakhsPercentage14.74%10.30%
b)	dateonwhichtheagreementforsalehasbeenenteredinto;	SharePurchaseAgreementdatedFebruary13,2020enteredintobetween_Mfs._KarmaTrustGroup, Mr.ArunNagarandSpiceVAS(Africa) Pte. Ltd.(hereinafterreferred toas'SPAl
c)	theexpecteddateofcompletionofsale/disposal;	March12,2020orsuchfurtherdateasthepartiesto SPAmaymutuallyagree.USD1,470,000/- (UnitedStatesDollarOneMillionFourHundredandSeventyThousandOnly) payablebyKarmaTrustGrouptoSpiceVAS(Africa) Pte. Ltd.forsaleof49%stakeinZiikiandtorelinquishitsrightstoacquire49%interestinZiikiGroupaspertermsandconditionscontainedintheSPA.BuyerisKarmaTrustGroup,Mauritius,a privatetrustcreatedvideDeclarationofTrustdated9thOctober2015.AtpresentthetrusteesofthetrustareMr.ArunNagar, Ms.NishaNagarandM/sJuritaxLtd.No.Not Applicable
d)e)	considerationreceived fromsuchsale/disposal;briefdetailsofbuyersandwhetheranyofthebuyersbelongtothepromoter/promotergroupfgroupcompanies.Ifyes,detailsthereof;
f)	whetherthetransactionwouldfallwithinrelatedpartytransactions?Ifyes,whetherthesameisdoneat"arms length";
g)	additionally,incaseof aslump sale,indicativedisclosuresprovidedforamalgamation/merger,shallbedisclosedbythelistedentitywithrespecttosuchslumpsale.