DiGiSPICE Technologies Limited — Important, 14-11-2024: General Updates

The Board has approved a Scheme of Amalgamation involving DiGiSPICE Technologies Limited and three other entities—Spice Money Limited, E-Arth Travel Solutions Private Limited, and Vikasni Fintech Private Limited. Amendments were made to the Scheme, which will not change previously disclosed details. Additionally, there has been a reconstitution of various Board Committees effective from 15th November 2024. The Audit Committee is now chaired by Mr. Mrutyunjay Mahapatra, while Mr. Pankaj Vaish leads the Nomination and Remuneration Committee. The Risk Management Committee includes several members, enhancing governance and compliance measures within the company. This restructuring aims to align with regulatory requirements, fostering a positive outlook for operational effectiveness and strategic direction. Investors should watch closely for further developments.