Digispice Technologies advanced its proposed merger with Spice Money Limited by publishing the notice of hearing for the company scheme petition on August 14, 2026. The National Company Law Tribunal (NCLT), New Delhi Bench, has scheduled the hearing for September 17, 2026, pursuant to its order dated August 6, 2026. This procedural step brings the amalgamation closer to completion, aligning with management’s earlier guidance that the merger is expected to conclude by March 2027.

The scheme involves the amalgamation of Digispice Technologies Limited as the transferee company with three transferor entities: Spice Money Limited, E-earth Travel Solutions Private Limited, and Vikasni Fintech Private Limited. The joint petition was initially filed on July 12, 2026. Following shareholder approval on July 13, 2026, the NCLT accepted the first motion. The second motion petition was subsequently filed on July 24, 2026.

Financial Performance Context

The corporate action unfolds against a backdrop of strong operational efficiency demonstrated in Q1FY27. Digispice reported a net profit (PAT) from continuing operations of ₹9 crore, up 103% quarter-on-quarter from ₹4.5 crore. This profitability surge occurred despite a 10% sequential decline in customer gross transaction volume (GTV) to ₹28,295 crore. Revenue from operations remained stable at ₹107.8 crore, marginally up 0.6% quarter-on-quarter.

Note: Total PAT for Q1FY27 was ₹6.6 crore, including a one-time exceptional provision of ₹2.1 crore related to real estate re-valuation. Discontinued business contributed a loss of ₹0.4 crore.

Operational Shifts

Customer GTV declined 10% quarter-on-quarter, driven by an 18.1% drop in collections and a 6.1% fall in Cash-in/Cash-out (CICO) volumes. However, the 'Others' category grew 16.3%, indicating diversification into higher-margin segments. In the payments segment, AEPS withdrawal GTV fell 8.3% to ₹13,330 crore, resulting in a market share of 17.93%, which management noted recovered to 18.3% in July 2026. Conversely, AEPS cash deposit GTV reached ₹451.8 crore, and UPI Cash Point emerged as a new growth driver with ₹276 crore in GTV.

The credit vertical reached operational breakeven, with embedded finance loans disbursed rising 55% quarter-on-quarter to ₹30.8 crore. The number of loans disbursed increased 42% to 5,222. On the distribution side, lifetime CASA accounts opened crossed 17.7 lakh, generating a float balance of over ₹320 crore, up 45% year-on-year.

What the Numbers Show

The divergence between declining GTV and surging profitability underscores Digispice’s shift from volume-driven expansion to margin-focused execution. While traditional payment volumes (CICO and Collections) contracted, likely due to seasonal factors or competitive pricing pressures, the company successfully insulated its bottom line through aggressive cost control. The stabilization of revenue alongside a 17% cut in indirect costs demonstrates effective operating leverage. Furthermore, the emergence of UPI Cash Point and growth in credit disbursements suggest that new revenue engines are beginning to offset the slowdown in legacy payment services, positioning the company for higher-margin growth post-merger.

DigiSpice Technologies Limited has issued a revised joining link for its scheduled conference call with investors and analysts to discuss financial results for the first quarter of FY27 (Q1FY26). The event is set for Friday, August 7, 2026, at 3:00 PM IST. This update replaces the previous communication dated August 4, 2026, ensuring stakeholders have the correct access details for the webinar platform.

The disclosure was made pursuant to Regulation 30 read with Part-A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pankaj Arora, Whole-time Director and Company Secretary, signed the notice dated August 6, 2026. The company emphasized that registration is compulsory for all participants joining the call.

Conference Call Access Details

Investors and analysts can access the call through universal dial-in numbers or international toll-free lines. Participants using the DiamondPass™ service may join without wait times after registering. Confirmation emails containing joining instructions will be sent upon registration.

Forward-Looking Statements Disclaimer

The company reiterated that certain statements made during the conference call may constitute forward-looking statements. These are subject to risks and uncertainties, including significant changes in the economic environment in India and overseas, tax laws, import duties, litigation, and labor relations. DigiSpice Technologies Limited clarified that it will not be responsible for actions taken based on these statements and undertakes no obligation to publicly update them to reflect subsequent events.

For further information, the company directed investors to its official websites, www.digispice.com and www.spicemoney.com . Media inquiries are handled by Adfactors PR Limited, with contacts Hashika Mutreja and Siddharth Soni available via email or mobile.