DIGISPICE TECHNOLOGIES LIMITED — Regulatory Filings 2021

Aug 6, 2021

August 6 , 2021

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BSE Limited National Stock Exchange of India Limited Phiroz e Jeejeebho y Towers Exchang e Plaza, Plo t No. C/1, G Block Dalal S treet, Mum b ai – 400 0 0 1 Bandra – Kurla Complex, Bandr a (E) Scrip Code: 517214 Mumbai – 400 051 Scrip Code: DIGISPICE

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

Dear S i r/Madam,

This is to inform you that o n the reco m mendatio n of the A u dit Commi t tee, the B o ard of Direct o rs of the C o mpany in i t s meeting h eld on 6[th] A ugust, 20 2 1, has app r oved the p r oposal for Pur c hase/acquisition of sh a res of E-A r th Travel S o lutions Pri v ate Limited (ETSPL).

The C o mpany alo n g with its subsidiary Spice Mo n ey Limited will purch a se/acquire entire share c apital of E TSPL. Con s equently, E TSPL shal l become a Subsidiary of the Co m pany. ETSPL shall furth e r issue an d allot 6,42 9 Equity Sh a res (Class B Shares) t o Sood Inf o matics LLP re s ulting in a s take of 30 % in the exp e nded capit a l of the co m pany.

As req u ired unde r Regulatio n 30 of SE B I (Listing O bligations a nd Disclos u re Requirements) Regula t ions, 2015, the requisi t e informati o n is enclos e d herewith as Annexu r e 'A'. A copy of the Pre s s Release b eing issued by, ETSPL launching I ndis’s Firs t Rural B2 B travel tech pl a tform und e r ‘Travel U n ion” brand t o support s mall busin e ss owners i s also attac h ed.

You ar e requested to kindly ta k e the abov e on record a nd oblige.

Thanking you.

Yours f aithfully, for DiGiSPICE Technologies Limited (forme r ly Spice Mo b ility 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: 2021.08.06 11:14:57 +05'30'

(M. R. Bothra)

Vice President - C o rporate Aff a irs & Company Secretar y

Encl.: a s above

DiGiSPICE Technologies Limited (Formerl y Spice Mobility 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

Annexure ‘A’

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

S. No.	Particulars	Details
a)	Name of the target entity, details in brief such as size, turnover etc.	E-Arth Travel Solutions Private Limited Paid up Capital: Rs. 1,50,000/- Turnover: Nil
b)	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”	Yes, this is a related party transaction. E-Arth Travel Solutions Private Limited is 100% subsidiary of E-Arth Techventures Pvt. Ltd., which is promoted and owned by Mr Dilip Modi, a Director of reporting Company. The transaction is on arm’s length basis.
c)	Industry to which the entity being acquired belongs	Tours, Travel & Allied services.
d)	Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	To reap the benefits of the prospects and opportunity in the Travel vertical, the Company intends to have a separate company for this line of business.
e)	Brief details of any governmental or regulatory approvalsrequiredforthe acquisition	N.A.
f)	Indicative time period for completion of the acquisition	Within a week time.
g)	Nature of consideration - whether cash consideration or share swap and details of the same	Cash consideration of Rs. 1, 50,000/- for acquisition of entire 15000 equity shares of the target company.
h)	Cost of acquisition or the price at which the shares are acquired	At Par i.e. @ Rs 10/- Per share.
i)	percentage of shareholding / control acquired and /or number of shares acquired	DiGiSPICE Technologies Ltd. and its subsidiary company Spice Money Ltd. will acquire 10,000 shares (66.67%) and 5,000 (33.33%) Shares respectively.
j)	brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information(inbrief)	E-Arth Travel Solutions Private Limited was incorporated on 29thMay, 2020 and it has not done any business since then.

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Sonu Sood launches Travel Union, India’s first rural B2B travel tech platform, to support small business owners

Travel Union to digitally empower and build a leading travel agent business community in rural India to serve 1 billion Bharat population

Mumbai, August 6, 2021: Travel Union, India’s first rural B2B travel tech platform, was launched today. Travel Union, a Sonu Sood initiative, will democratize travel services by providing a platform to Travel Union members (travel agents) towards serving the travel needs of rural customers at every district, block and gram panchayat level. With a mission to support, digitally empower and build a leading travel agent business community in rural India at zero investment, Travel Union aims to be the largest rural digital travel services platform serving the 1 billion Bharat population.

At the rural level, the travel sector has been largely unorganised with no player focusing on the needs of Indians in tier 2 towns and villages. Travel Union addresses multiple unfulfilled needs of rural travel agents, small business owners and enterprises, called Travel Union Members, the primary one being the absence of travel-tech platforms designed for rural travel at the core.

The platform aggregates all available price options for a particular offering and shows Travel Union Members the lowest prices they can offer their customers. It also allows for online cancellations and refunds, eliminating the long wait customers usually have to endure. Members enjoy the benefit of earning high margins due to direct booking options available with multiple travel service partners. Travel Union provides the best inventory, competitive prices, and state-of-the-art technology directly from airlines, railways, hotels, trips, wholesalers and aggregators. It is a one-stop shop to travel agents across India’s hinterlands offered through an app and web portal, making it the first super-aggregator platform to meet the needs of the rural customer. The platform will give access to all trains operating in India through IRCTC, over 500 domestic & international flights, 10,000+ bus operators and 10 lakh+ hotels to its members and consumers.

Travel Union will augment the income and growth opportunities for the existing travel agents, offer an additional and steady stream of income for small business owners, provide new business opportunities for the aspirational entrepreneur and create a network of reliable Travel Union Members (travel agents) to assist the rural consumers.

The onboarding of Travel Union Members will require zero investment from them and there is no recurring cost post onboarding either, lowering the barrier of entry. Also, it offers the lowest IRCTC agent ID purchase cost. Moreover, this cost gets refunded over a period of time upon successful transactions making this ID effectively free, which is an industry-first opportunity available only to Travel Union members.

On the occasion of the launch, Sonu Sood, said , “During the lockdowns, I had first-hand experience of the challenges that rural Indians face when it comes to travel as well as the struggles of small business owners. The lack of tailored offerings catering to the needs of Bharat and addressing digital needs of rural citizens stayed with me. In fact, currently rural

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consumers have no option to pre-plan their travel and have to run to multiple operators for different kinds of travel needs. I envisioned Travel Union so that we can remove all barriers to travel and give an entrepreneurial opportunity to anyone in the nation who wants to start a career in travel industry. Travel Union, a B2B travel tech platform catering to rural travel agents, is an important initiative that enables them to provide the best of travel offerings to their localities. It can be an additional source of income for existing rural entrepreneurs or a building block for aspiring ones. While I have already taken steps to offer employment opportunities to Indian youth, Travel Union furthers my dream of bringing self-employment opportunities to the hinterlands of India, so the rural youth can develop their local economies without having to migrate to urban cities. With Travel Union we are taking yet another big step towards enabling self-reliance among the rural population in India and building a truly digital Bharat.”

Sonu added, “This super aggregator app is the future of travel management, eliminating the need for multiple platforms, thus, offering 360° travel solutions in one place. It is the first and only Indian platform designed to help rural travel agents launch a profitable and successful business venture.”

Travel Union is presently available in English and Hindi. It is soon-to-be launched in 11 more Indian languages. New and upcoming offerings on the platform also include domestic and international holiday packages, visa services, forex services as well as travel/ luggage accessories.

Travel Union App is available to download on Google Play store = https://play.google.com/store/apps/details?id com.travelunion.app

About Travel Union

Travel Union is India’s first travel-tech startup built with rural travel agents at the core. It is an initiative by actor and philanthropist, Sonu Sood aiming to build a thriving community of travel agents. As a one-stop super-aggregator platform, Travel Union provides the best and cheapest in travel offerings from direct airlines, railways, hotels, trips, wholesalers and aggregators through an app. It also allows for instant cancellations and refunds, eliminating the long wait customers usually have to endure.

For more information, visit www.travelunion.in