DiGiSPICE Technologies Limited has scheduled a meeting of its equity shareholders on July 13, 2026, to approve the amalgamation of three subsidiaries—Spice Money Limited, E-Arth Travel Solutions Private Limited, and Vikasni Fintech Private Limited—with the company. The merger, sanctioned by the Hon’ble National Company Law Tribunal (Principal Bench, New Delhi), aims to streamline the business structure by consolidating the fintech operations directly under the listed entity. The scheme proposes a share exchange ratio of 126 equity shares of DiGiSPICE Technologies for every 100 equity shares of Spice Money Limited.

Pursuant to the order dated April 22, 2026, the meeting will be conducted through Video Conferencing or Other Audio-Visual Means. The National Company Law Tribunal has appointed Mr. Ashutosh Gupta, Advocate, as the Chairperson of the meeting, with Mr. Suman Kumar Jha, Advocate, as the alternate Chairperson. Ms. Aditi Agarwal, Practicing Company Secretary, has been appointed as the scrutinizer to oversee the e-voting process.

The company has dispatched physical letters to shareholders whose email addresses are not registered with the company, its Registrar and Transfer Agent, or Depository Participants. These letters contain the web-link and path to access the notice of the meeting on the company’s website. The notice is also available on the websites of NSDL, BSE Limited, and National Stock Exchange of India Limited.

The share exchange ratio, determined by M/s Resonate Valutech LLP, applies to the equity shareholders of Spice Money Limited. Equity shares of the transferor companies held by DiGiSPICE Technologies or within the group structure will be cancelled. The merger is expected to reduce subsidiary layers, enhance operational efficiency, and align the fintech business with future growth prospects. The scheme is subject to the final approval of the National Company Law Tribunal.

Shareholders can cast their votes through remote e-voting from July 9, 2026, at 9:00 a.m. IST to July 12, 2026, at 5:00 p.m. IST, or via e-voting during the meeting. The cut-off date for determining eligibility for e-voting is July 6, 2026. The facility for appointing proxies will not be available as the meeting is held via video conferencing.

The valuation report and fairness opinion, issued by M/s Resonate Valutech LLP and M/s D & A Financial Services (P) Limited respectively, are available for inspection at the registered office of the company. The detailed notice and explanatory statement have been dispatched to shareholders and are available on the company’s website.

Key Meeting Details

Scheme Details

DiGiSPICE Technologies Limited has announced its financial results for the quarter and year ended March 31, 2026. The company reported a Profit After Tax (PAT) from continuing business of ₹25.4 Cr for FY26, a significant increase from ₹6.5 Cr in FY25. For Q4 FY26, PAT stood at ₹4.5 Cr, up 72% year-on-year. Overall PAT for the year reached ₹19.3 Cr compared to ₹0.2 Cr in the previous year.

Financial Performance

Revenue from operations for FY26 grew by 4% to ₹464.6 Cr, primarily driven by higher Gross Transaction Value (GTV). The company's EBITDA rose 6.8x to ₹20.8 Cr in FY26, supported by a 13% increase in gross margins to ₹201.2 Cr. Gross margins improved due to higher GTV and margin rate enhancements, while indirect costs remained controlled.

Operational Highlights

The company achieved a GTV of ₹1,27,895 Cr in FY26, a 10.5% increase over the previous year. AEPS GTV grew 15.9% year-on-year to ₹59,405 Cr, with market share in Off-Us AEPS rising to 18.41%. The Collections business GTV increased to ₹52,051 Cr, and the company opened 210+ new banking outlets in partnership with NSDL.

Business Updates

DiGiSPICE noted that its credit operations are nearing breakeven, with improving gross margins and strengthening unit economics. The company has launched insurance offerings and is scaling up its FD-backed credit card. A merger application was presented before the NCLT, where the first motion was accepted; the company is in the process of convening a shareholder meeting for approval.

Management highlighted the expansion of the UPI Cash Point business, which is currently at a monthly run rate of ₹100 Cr GTV. The company is also focusing on growing its agent base, which reached 1.7 million by the end of FY26, and plans to leverage this network for the new banking outlet guidelines expected soon. The earnings conference call to discuss these results was held on May 18, 2026.