DIGISPICE TECHNOLOGIES LIMITED — Regulatory Filings 2021

Dec 10, 2021

Date: December 12, 2021

==> picture [36 x 35] intentionally omitted <==

==> picture [58 x 35] intentionally omitted <==

==> picture [40 x 35] intentionally omitted <==

BSE Limited National Stock Exchange of India Limited Phi r oze Jeejeeb h oy Towers E x change Pl a za, Plot No. C/1, G Blo c k Dal a l Street, M u mbai – 400001 Bandra – Ku r la Complex , Bandra (E) Scrip Code: 517214 M umbai – 40 0 051 Scrip Code: DIGISPICE

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

Dea r Sir/Mada m ,

Pur s uant to R e gulation 30 of the Securities a n d Exchan g e Board o f India (Li s ting Obl i gations an d Disclosure Requireme n ts) Regula t ions, 2015, we hereby inform that the Res e rve Bank of India (RBI) has passe d an order o n 7[th] Dece m ber, 2021 in the na m e of Spi c e Money Li m ited (SML) , a material subsidiary o f the Com p any, imposing a penal t y of Rs. 1 Crore (Rupees One C r ore only) o n SML for a shortfall i n maintaini n g the net w o rth of a t least Rs. 100 Crore a s required i n terms of “ I mplementa t ion of Bha r at Bill Pay m ent Sys t em Guideli n es” (BBPS Guidelines) between M a rch 31, 20 1 9 to May 3 0 , 2021.

The shortfall in net worth h ad arisen due to the d emerger o f the Non-F i ntech busi n ess fro m the SML in the Co m pany in J u ne, 2019. The prima r y reason o f shortfall was pertaining to a specific ite m arising o u t of the sai d demerger which SM L has treate d as par t of its net w orth as pe r generally a ccepted ac c ounting pr i nciples. To ensure a s t rict co m pliance of t h e Guidelines laid dow n by the R B I, addition a l capital w a s infused f rom the h olding co m pany in M ay 2021 and the require d net worth has been m aintained s i nce the n as per the interpretati o n of net w o rth given b y RBI.

You are requested to kindl y take the a b ove on reco r d and obli g e.

Tha n king you.

You r s faithfully , for DiGiSPICE Technologies Limited

MEGHRAJ BOTHRA Digitally signed by MEGHRAJ BOTHRA DN: c=IN, st=Delhi, 2.5.4.20=1e047b4394bcf4c5de5a2639f513863aef84549a8b2d054ffc19a6606d774e57, postalCode=110034, street=2890/1sf sant nagar rani bagh, serialNumber=c32479ccd87a4ef81e06f955d3a91f5d1b6ae7532fb94d948a50c7d2b1ff9f20, o=Personal, cn=MEGHRAJ BOTHRA, pseudonym=0a92d80d6922c0b6c9669e4cd73dbbdb Date: 2021.12.10 19:15:46 +05'30' (M. R. Bothra)

Vic e President - Corporate A ffairs & Co m pany Secre t ary

DiGiSPICE Technologies Limited CIN- L72 9 00DL1986PL C 330369 Regd. Office: 622, 6[th] Floor, DLF Tow e r A, Jasola Dis t t. Center, New Delhi- 110025, Tel: +91 11 41 2 51965 Corp. Office: Spice Glo b al Knowledge Park, 19A & 19 B , Sector-125, N oida- 201301, Uttar Pradesh, India, - Tel: +91 120 5029101 Email ID: Complianceof f icer@digispice . com; Website: www.digispice . com