DIGISPICE TECHNOLOGIES LIMITED — Interim / Quarterly Report 2021

Jul 30, 2021

DiGiSPICE

July 30,2021

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, Block Dalal Street, Mumbai - ^{400 001} Bandra Kurla Complex, Bandra (E) Scrip Code: ⁵¹⁷²¹⁴ Mumbai ^{400 051} Scrip Code: DIGISPICE

Sub.: Outcome of Board Meeting pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

meeting of the Board of Directors of the Company was held on 30th July, ²⁰²¹ and the Board inter-alia considered and approved the following matters:

A. Un-audited Financial Results for the Quarter ended 308 June, 2021 and Limited Review Reports thereon.

In pursuance to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements} Regulations, 2015 (hereinafter referred to as 'Regulations'), please find enclosed herewith as the following for the quarter ended 30t June, ²⁰²¹ as Annexure 'A':

• 1. Un-audited Financial Results both consolidated as well as standalone;
• 1. Limited Review Report on the aforesaid results by M/s. Singhi Co., Chartered Accountants, the Statutory Auditors of the Company; and

The above Un-audited Financial Results has been reviewed by the Audit Committee in its meeting held on 30 July, 2021.

As required under Regulation 47 of the Regulations, the extract of the results are being published in the newspaper.

B. Closure of Mobility (HK) Limited, wholly owned foreign subsidiary Company.

The Board of Directors has decided to wind-up/strike-off Mobility (HK) Limited, wholly owned subsidiary company, registeredin Hong Kong. This Company has been inoperative since the Financial Year 2016-17.

As required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the requisite information is enclosed herewith as Annexure 'B'.

The said Board Meeting commenced at17:00 and concluded at 20:50.

You are requested to kindly take the aforesaid information on record.

Thanking you.

Yours faithfully, for DiGiSPICE Technologies Limited (formerly Spice Mobility Limited) 622,

(M. R. Bothra) Vice President Corporate Affairs Company Secretary

A-nnem

DiGiSPICE Technologies Limited (formerly Spice Mobility Limited) Regd. Office :_ 622, 6th Floor, DLF Tower A, Jasola Distt. Centre, New Delhi -110025 Email Id: complianceofficer@digispice.com, Website: www.digispice.com Tel: +91 ¹¹ 41251965, CIN No L72900DL1986PLC330369 Unaudited Consolidated Financial Results for the quarter ended June 30, ²⁰²¹

	STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL	RESULTS THE FOR QUARTER
			Year ended
SLNo.	[Particulars	30.06.2021	31.03.2021	30.06.2020	31.03.2021
		(Unaudited)	(Audited) Refer Note	(Unaudited)	Audi (Audited)
	Income
	Revenue from operations Other Income	22,866.22 271,64	18,586.74 709.95	16,711.67 325.06	71,210.44 2,452.91
	Total Income	23,137.86	19,296.69	17,036.73	73,663.35
	Expenses:
	ofgoods Cost services and procured of Decrease inventories in (Increase) procured goods	12,949.01 64.88	10,038.74 40.59	8,733.85 (28.89)	37,824.29 (317.86)
	of Cost services rendered	6,678.11	6,046.65	4,912.70	21,773.19
	benefits note (Refer 3) Employee expense	1,663.25	1,423.57	1,383.80	5,687.06
	Other expenses	1,419.31	1,366.17	948.09	4,965.62
	and Amortization Depreciation expense Finance costs	420.46 27.45	840.33 51.35	508.77 45.03	2,266.35 159.75
	Total expenses	23,222.47	19,807.40	16,503.35	72,358.40
	Profit in of before share items (Loss) associates, profit/ (loss exceptional tax and	(84.61)	(510.71)	533.38	1,304.95
	of Share in Profit/ Associates (Loss	6.84	1.50	(53.51)	(64.49)
	items Exceptional ofGoodwill Impairment		(150.43)
	Profit before tax /((Loss)	(77.77)	(358.78)	479,87	1,240.46
	Tax expense: tax Current	127.14 106.48	77,49 230.97	293.82 205.04	642.95 611.32
	(1) Income tax for earlier (2) adjustments years		(91.30)	20.72	(30.54)
	tax Deferred (3)	20,66	(62.18)	68.06	62.17
	after tax from Profit/(Loss) continuing operations	(204.91)	(436.27)	186,05	597.51
	Profit before tax from Discontinued /((Loss) Operations	(11.75)	(20.63)	5.28	(38.64)
10	Tax from Discontinued expenses Operations
	after tax from Discontinued Profit/(Loss) Operations	(11.75)	(20.63)	§.28	(38.64)
12	after tax			191.33	558.87
	Profit/(Loss)	(216.66)	(456,90)
13	Other Income from Comprehensive continuing operations
	will Loss reclassified to Profit or Items that not be will reclassified Loss Items that to Profit be or	37,25	(61.56) (27.10)	15.87	(61.56) 1§6.29
	Tax will Loss reclassified to Profit Income to items that not be or relating		17.88		17.88
14	Other from Income discontinued Comprehensive operations
	will reclassified to Profit or Loss Items that not be
	will Loss Items reclassified to Profit or that be
	Total Profit (Loss) Income for the Comprehensive period/ year (Comprising Other for and Income the year) Comprehensive period/	79.41 (1	527.68	207.2 07.20	49 671.4
16	for the Profit/( Loss) period/year		(456,90)	191.33	558.87
	ofthe Attributable holders Parent to: Equity	(216,66) (242.15)	(512.75)	193.47	1,146.35
	Attributable Interests to: Non-Controlling	25.49	55.85	(2.44)	(587.48)
17	Other income for the comprehensive period /year	37.25	(70.78)	15.87	112.62
	ofthe Attributable to: Equity holders Parent	31.35	(68.42)	0.78	83.78
	Attributable Interests to: Non-Controlling	5.90	(2.36)	15.09	28.84
{8	Total for income the period/year comprehensive	(179.41)	(527.68)	207.20	671.49
	ofthe Attributable holders Parent to: Equity	(210.80)	(581.17)	194.25	1,230.14
	Attributable Interests to: Non-Controlling	31.39	53.49	12.95	(558.65)
19	of Rs.3/- Paid Share value Equity Capital (Face each)	6,079.57		6,055.02	6,069.85
20 21	up Other Equity Rs. Per Share 3/-		-6,069.85		17,707.58
	Rs.) (Continuing (of each) (Not Earnings (in operations) Annualized)
	Basic (a)	(0,10)	(0.22)	0.08	0.52
	Diluted (b)	(0.10)	(0.21)	0.08	0.51
22	Rs. Per Share (of 3/- (Not Rs.) (Discontinued each) Earnings (in operation) Annualized)
	Basic (a)	(0.01)	(0.01)	0.00	(0.02)
	Diluted (b)	(0.01)	(0.01)	0.00	(0.02)
23	Per Share Rs. 3/- Rs.) (of Annualized) Earnings (in each) (Not Basic	(0.11)		0.08	0.50
	(a) Diluted (b)	(0.11)	(0.23) (0.22)	0.08	0.49

					(Rs. In Lakhs)
	a sa gira sa Tinggung Kabupatèn Pangungung 57				Consolidated
		3 months ended			Year ended
SI.No.	Particulars	30.06.2021	31.03.2021	30.06.2020	31.03.2021
		(Unaudited)	(Audited) Refer Note 8	(Unaudited)	(Audited)
L	Segment Revenue (Net):
	Digital Technology Services (DiGiSPICE)	2,660.02	2,716,49	3.540.80	13,435,64
	Financial Technology Services (Spice Money)	20,228.20	15,870.25	13,170.87	57,802.80
	Less : Intra Segment Revenue	(22,00)			(28.00)
	Revenue from Operations	22,866.22	18,586.74	16,711.67	71,210.44
$\mathbf{z}$	Segment Results -Profit/ (Loss) before tax and Interest:
	Digital Technology Services (DiGiSPICE)	(336.80)	(391.07)	(92.46)	(220.15)
л. ь	Financial Technology Services (Spice Money)	198.74	(354.97)	745.16	1,052.15
	Less: Finance costs	(27.45)	(51.35)	(45.03)	(159.75)
	Less : Other unallocable (expense) net of unallocable income	80.90	286.68	(74.29)	632.70
	Profit / (Loss) before share in profit/ (loss) of associates, exceptional items	(84.61)	${510.72}$	533.38	1,304.95
	and tax
	The entity's interest in the profit/ (loss) of associates accounted for by the equity method	6.84	1.50	(53.51)	(64, 49)
	Exceptional items		150.43		(0,00)
	Profit /(Loss) from Continuing Operations	(77.77)	(358, 78)	479.87	1,240.46
	Profit/(Loss) from Discontinued Operation	(11.75)	(20.63)	5.28	(38.64)
	Profit (Loss) before tax including Discominaed Operation	(89.52)	(379.41)	485.15	1,201.82
$\mathbf{A}$	Segment Assets:
	Digital Technology Services (DiGiSPICE)	8,916.12	9.676.34	12,105.41	9.676.34
	Financial Technology Services (Spice Money)	25,607.13	22.207.88	14.430.63	22.207.88
	Discontinued Operation	421.11	420,00	494.94	420,00
	Investment in associates accounted for by the equity method	56.96	50.12	551.96	50.12
	Unallocated	20.658.67	20,779.88	19,775.31	20,779.88
	Total	55,659.99	53.134.22	47.358.25	53,134.22
$\boldsymbol{A}$	Segment Liabilities:
	Digital Technology Services (DiGiSPICE)	5,904.79	5,989.36	7,625.90	5,989.36
	Financial Technology Services (Spice Money)	23.536.30	20,377.19	13,167.28	20,377.19
	Discontinued Operation	327.79	311.10	372.01	311.10
	Unallocated	1,820.99	2,327.76	2.690.93	2,327.76
	Total	31,589.87	29,005.41	23,856.12	29,005.41

Roles 1°

'The dbase roonlis were reviewed iy the Auda Commitee and appryed by the Bourd ofDirectors "nBelt sespective gactrigs held on 20Us Jub A021 Tae results have boon subjected to limitnl review by the statutory auditors, The. flnancial results are it aceardance with the hallan Accounting Standards CTIND AS" ae picserlbed wader. Section ¹³³ af Conupanies Act, ²⁰¹³ read with relevant culos made theron.

the Consolidated Pinaieral sesuils bun dic quaded on duce JU, 2021 icpecacils vonsalidaicad svatile ofthe Canapariy, ds aubeldiarigs and Apauetticn

Employee benefit expouse for the curreal quarter includes Rs. 52.08 Lakhs (Previous quarter Ks. 19.40 Lakhs, peevious year Ra 108.01 Lakhs) being the provision for fair value of Qptians granted under Employee Stock Option Plans of the Corapany and Subsidiary mcoundsed in accordance with the provisions of IND AS 102.

The pad opvanityshure oxputal of dee Canty wigan hs GSSt et Lally Howovor iubing cuner aive iterpercdion of Tal AS TD the paid up eauts shar gapual bad been reduced by Ks. TSIUS Lokus (31 Mark ²⁰²¹ Rs.782.04 Labiss bere the fice value of ^{26807 043} SE March ²⁰⁷ 2OQ87.N43) eady shares of Ks. 3/- cach held by rwo ceuses viz, ladependens Neon Promoter Trust amd independent Non PoamaterSpice buiployes Benoit)Toast.

The Creayt Thee citi rand an made sn sande of Le pesshio effets Gal roe etl Goa CONTR Ga he ahtee of dis cs eipar dated Te ctasal tesulls anduding dio iccowerabllay of cougang criouits of Financ aad noa Tamestal ae "The Grong bos si des aldity fo drchaige ir obheatians Howweo ahe auiual ddipaceot CO VID. ¹⁶ ands Sneup's Tata sells way afer Toms dia: Go orp vl carta, Wot why te doritbchanpes fe fab pu cconunile saan btians

Currant year tas. expense inclades provisions for current income taxes and taxes paid in foreign.

Pianins che quarter, Diplepice Ghana bE anurqsssicpeduwn subsntary cd the Company, si endice ta nist ie ceoruremen or 08, bara Ganembip for gad vi OP VAS Licence as ropurcd unidis dhe applicable faws ofthutgaunt, has allaitsrdaddiensl 2.209 Reali vanes share Davispice Garam to nen cartroling interest holder. Accordingly,Digispice Ghana bag ceased to be 100% subsidiary of Spice VAS (Africa) Pte, Lad., another step-down subsidiary.

The fgyees fr the Quator ae fhe balance figanrs be con audited figures for theAATGaseal and pobBishes yo tr dat Tyas. ap io tla thi qaeater of tie previous financial year,

Previous period's figures have been regrauped and/or ceeasted, wherever considered necessary to conform to the current periad presentation.

By order of the Board DIGISPICE Teehnulegies Limited

Garmerky Spine Mohliry Limited) ral io Dated: Jaly 30, ²⁰⁷¹ Rohit Abuja

'Pla Nata Kxeentive Birestar

Singhi &L Co. Chartered Accountants

independent Auditor's Review Report on Quarterly Unaudited Consolidated Financial Results for the quarter ended June 30, ²⁰²¹ pursuant to the Regulation ³³ of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended

To Board of Directors of DiGispice Technologies Limited (Formerly known as Spice Mobility Limited)

• 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of DiGispice Technologies Limited ('the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") and its share of net loss after tax and total comprehensive Income of its associates for the quarter ended June 30, 2021, (the Statement") being submitted by the Parent pursuant to the requirement of Regulation ³³ of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard ³⁴ "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section ¹³³ of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibilityis to express conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation ³³ (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

• 4, The Statement includes the results of the entities as mentioned in Annexure 1.
• 1. Based on our review conducted and procedures performed as stated in paragraph above nothing has come to our attention that causes us to believe that the accompanying Statement read with notes therein, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation ³³ of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Page of

1. We did not review the interim consolidated financial results of foreign subsidiary (consolidated with fourteen step down subsidiaries) included in the quarterly unaudited consolidated financial results: whose interim consolidated financial results include consolidated revenue from operation of Rs. 633 Lakhs, consolidated net Loss after tax of Rs. ⁸⁹ Lakhs and consolidated total comprehensive income of Rs. (49) Lakhs for the quarter ended June 30, 2021. This interim consolidated financial result was reviewed by other firm of chartered accountants whose report has been furnished to us by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on report of the other firm of chartered accountants and procedures performed by us as stated in paragraph above.

Our conclusion on the Statement is not modified in respect of the above matter.

1. The unaudited consolidated financial results include the interim financial results of seven subsidiaries (including three foreign subsidiaries) which have not been reviewed by their auditors, whose interim financial results reflect total revenue from operation of Rs. ¹⁵ Lakhs, total net loss after tax of Rs. ¹²⁹ Lakhs and total comprehensive income of Rs. (129) Lakhs for the quarter ended June 30, ²⁰²¹ as considered in the unaudited consolidated financial results. The unaudited consolidated financial results also include the Group's share of net profit after tax of Rs. Lakhs and total comprehensive income of Rs. Lakhs for the quarter ended June 30, 2021, as considered in the unaudited consolidated financial results, in respect of two associates, based on their interim financial results which have not been reviewed by their auditors. According to the information and explanations given to us by the management, these interim financial results are not material to the Group.

Our conclusion on the Statement is not modified in respect of the above matter.

Date: July 30, ²⁰²¹ UDIN: 21088926AAAAJM3395

For Co. Chartered Accountants Firm Reg. No. 302049E Singhi

[>

Bimal Kumar Sipani Partner Place: Noida (Delhi-NCR) Membership No. 088926

Ghartered Accountants

Annexure-1 to our report dated July 30, ²⁰²¹ on the Unaudited Consolidated Financial Results for the quarter ended June 30, ²⁰²¹ (DiGispice Technologies Limited)

S. No.	of Entity Name	Relationship
	Services Global Pte limited	Subsidiary
	BHD Beoworld SDN	Subsidiary
	Limited Pte Mobility	Subsidiary
	VAS Pte Limited Spice (Africa)	Subsidiary
	as Limited known Spice Digispice Nigeria (Formerly Digital Limited) Nigeria	'Subsidiary
	VAS Limited Spice Kenya	Subsidiary
	VAS as Limited known Digispice Uganda Spice Limited) (Formerly Uganda	Subsidiary
	VAS as Ghana Limited known DigispiceGhana Limited) Spice (Formerly	Subsidiary
	VAS Limited known Zambia as. Spice Zambia (Formerly Limited) Digispice-	Subsidiary
10	VAS Tanzania as Tanzania Limited known Spice Digispice (Formerly Limited)	Subsidiary
11	VAS RDC Limited Spice	Subsidiary
12	PT Indonesia Spice Digital	Subsidiary
13	Limted. Omnia Pte:	Subsidiary
14	FZCO Spice Digital	Subsidiary
15	Fast Track Solutions IT Limited	Subsidiary
16	Private Limited Digispice Nepal	Subsidiary
17	Limited Spice Bangladesh Digital	Subsidiary
18	Limited Mobility(HK)	Subsidiary
19	Kimaan Private Limited Exports	Subsidiary
20	Retail Private Limited Hindustan	Subsidiary
21	Sales New Solutions Limited Spice	Subsidiary
22	Private Cellucom RetailIndia Limited	Subsidiary
23	as known Limited Spice Spice Digital Money (Formerly Limited)	Subsidiary
24	Labs Creative Function limited apps private	Associate
25	Sunstone Private Limited Learning	Associate

DiGiSPICE Technologies Limited (formerly Spice Mobility Limited) Regd. Office 622, 6th Floor, DLF Tower Jasola Distt. Centre, New Delhi -110025 Email Id: complianceofficer@digispice.com, Website: www.digispice.com Tel: +91 ¹¹ 41251965, CIN No L72900DL1986PLC330369 Unaudited Standalone Financial Results for the quarter ended June 30, ²⁰²¹

(Rs. In Lakhs)

SLNo.	Particulars	Standalone
			Year ended
		30.06.2021	31.03.2021	30.06.2020
		(Unaudited)	Refer (Audited) note	(Unaudited)	31.03.2021 (Audited)
	Income
	Revenue from operations	2,137.94	2,222.64	2,988.85	11,122.80
	Income Other	137.02	700.16	296.20	1,916.65
	Total Income	2,274.96	2,922.80	-3,285.05	13,039.45
	Expenses:
	of services Cost and goods procured	29.22	33.01		233.78
	Decrease in inventories ofprocured goods (Increase)
	of Cost services rendered	100748	2,043.92	2,150.64	8,338.53
	note benefits (Refer 2) Employee expense	486.80	356.95	765.29	2,228.35
	Other expenses	292.14	406.67	411.22	1,596.04
	Amortization and expense Depreciation	63.93	337.37	188.27	751.43
	Finance costs	24.05	39.49	36.48	124.50
	Total expenses	2,503.62	3,217.41	3,551.90	13,272.63
	Profit before items and tax (Loss) exceptional	(228.66)	(294.61)	(266.85)	(233.18)
	items Exceptional
	of Provision value for in the made/(reversed) impairment investments term long		2.46		49.88
	Profit tax before /(Loss)	(228.66)	(297.07)	(266.85)	(283.06)
	Tax expense:	8.25	86.55	20.72	119.59
	tax Current (1)	8.25	36.84		49.16
	tax earlier Income for (2) adjustments years		70.40	20.72	91.12
	Deferred tax (3)		(20.69)		(20.69)
	after tax	(236.91)	(383.62)	(287.57)	(402.66)
	Profit((Loss)
	Other Income Comprehensive
	will to Profit Loss reclassified or Items that not be		2.72		2.72
	will reclassified to Profit Loss or Items that be
	Tax will reclassified Income not to to items that be relating Loss Profit or
	Total for Income the year period/ Comprehensive
	Profit Other (Loss) and (Comprising Comprehensive for Income the year) period/	(236.91)	(380.90)	(287.57)	(399.94)
10	of Rs.3/- Share value Paid Equity Capital (Face each) up	6,079.57	6,069.85	6,055.02	6,069.85
11	Other Equity				15,861.18
	Per Rs. Share 3/-
12	Rs.) (of (Not annulizeq) Earnings (in each) Basic (a)	(0.10)	(0.17)	(0.13)	(0.18)
	Diluted (b)	(0.10)	(0.17)	(0.13)	(0.18)

Notes:

• The above results-were reviewedby the Audit Committee and approved by the Board.of Directors in their respective meetings held on July 30,2021. The results have been subjected to limited review by the statutory auditors. 'The financial results are in accordance with the Indian Accouriting Standards (IND AS") as preseribed under Section ¹³³ of Companies Act, ^{20 13} read with relevant rules made thereunder.
• Employee benefit expense for the current quarter is Rs. 5.30 Lakhs (previous quarter Rs. 31.46 Lakhs and previous year is Rs 31.46 Lakhs) being the provision for fair value of options granted under Employee Stock option plan ²⁰¹⁸ of the Company recognised in accordance with the provisions of IND AS 102.

In current quarter,the company has invested Rs. 3,300 Lakhs in Spice Money. Limited in 5% cumulative compulsory convertible preference shares.

The business activities fall within single operating segment viz. Digital Technology Services (Digi Spice)" and accordingly, ihe disclosure requirement of Indian Accounting Standard (Ind AS-108) Segments prescribed under Section ¹³³ of the Companies Act. ²⁰¹³ read with the relevant Rules issued thereunder is not applicable, Company's Operatin

• Tlie paid up equity share capital of the Company is Rs, 6,861.61 Lakhs. However, taking conservative interpretation of "Ind AS 32°, the paid up equity share capital had been reduced by Rg. 783.04 Lakhs (31 Rs. 782.04 being the face value of 26,067,843 (31 ²⁰²¹ shares of Rs. 3% cach held by trusts viz. Noa Promoter Trust Non Man pe li iat Promoter (Spice Employee Benefit) Trast
• The Company has considered and made an estimate of the possible effects that may result from COVID-19 in the preparation of these Standalon''é financial results including the recoverability of carrying amounts of financial and non-financial assets. The Comparty has an adequate liquidity to discharge its. obligations. However, the actual impact of COVID-19 on the Company's financial results may differ from that estimated and the Company will continue te closely monitor any material changes to future economic conditions.

Current your capenae provisions hk for taxes and taxes paid in rag

• The figures for the Quarter are the balance figures between audited for the full financial and published year to date figures up to the third quarter ofthe previous financial year. faures
• Previous period's figures have regrouped recasied, wherever necessary ¹⁶ io current period an been

By order of the Board Technologies Limited Mobility Limited) DEGISPIC (ierm< ty Spice

Executive Director 06

Rohit suja

Dated: Place July 30,2021 Noida

Chartered Accountants

Unit No. 1704, 17th Floor, Tower B, World Trade Tower, OND FLyway, C-01, Sector 16, Noida-201301, Delhi-NCR (India) Ph:(0120) ^2970005 Mob. ^9205575996 E-mail newdelhi@singhico.com Website www.singhico.com

Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results for the quarter ended June 30, ²⁰²¹ pursuant to the Regulation ³³ of the SEBI (Listing Obligations and Disclosure Requirements) Regulations ²⁰¹⁵ as amended.

To the Board of Directors of DiGispice Technologies Limited (Formerly known as Spice Mobility Limited)

We have reviewed the accompanying statement of unaudited standalone financial results (*Statement') of DiGispice Technologies Limited ('the Company") for the quarter ended June 30, 2021. This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue report on this Statement based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review toobtain moderate assurance as to whether: the financial statements are free of material misstatement. review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion,

Based on our review conducted as above, nothing has come to our attention that causes us fo believe that the accompanying statement read with notes therein, prepared in accordance with Indian accounting standards (Ind AS) and other recognized accounting practices and principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation ³³ of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, ²⁰¹⁵ including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Singhi Co. Chartered Accountants

ND

Bimal Kumar Sipani Saks Partner

Place: Noida (Delhi-NCR) Membership No. 088926 Date: July 30,2021 UDIN: 21088926AAAAJL4708

Details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, ²⁰¹⁵

No. Ss.	Particulars	Details
	The amount and of turnover the percentage revenue or or income and net worth	as on 31st Revenue/Turnover/Income NIL March 2021:
a)	unit contributed such division or of the by last listed the financial entity during year.	31S March 2021: Net Worth as on Lakh Rs. 0.24
b)	which Date on the sale has for agreement entered into. been	Not Applicable
c)	The of date of expected completion sale/disposal.	6-9 months
d)	Consideration such received from sale disposal.	Not Applicable
e)	Brief details of and whether of buyers any the the to buyers belong promoter/ If group/group yes, promoter companies. details thereof.	Not Applicable
f)	Whether transaction fall within the would transactions? If related whether party yes, is at "arm's the same done length".	Not Applicable
g)	In of indicative case slump sale, disclosures for provided shall disclosed be amalgamation/merger, with such listed the to entity by respect sale. slump	Not Applicable

1. \8z 6th Floor DLF Tower Cr Jasola Distt Centre in WS