DiGiSPICE Technologies Limited, a leading digital technology solutions provider, has announced the outcome of its Board of Directors meeting held on September 1, 2025, where the company approved amendments to its ongoing Scheme of Amalgamation. The merger involves the consolidation of DiGiSPICE Technologies Limited (the Transferee Company) with Spice Money Limited (Transferor Company 1), E-Arth Travel Solutions Private Limited (Transferor Company 2), and Vikasni Fintech Private Limited (Transferor Company 3), along with their respective shareholders and creditors.

The company communicated this development through an official filing with both BSE (Scrip Code: 517214) and NSE (Scrip Code: DIGISPICE), in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background of the Scheme

The original merger scheme was first approved in August 2024 by the Board, with further amendments made in September 2024 and November 2024 to refine and align the structure with regulatory and operational requirements. This September 2025 update marks another crucial step in streamlining the amalgamation process.

According to the filing, the Board meeting commenced at 22:15 hours IST and concluded at 22:30 hours IST on September 1, 2025. The approval reflects the company’s commitment to consolidating its businesses and creating a more robust integrated entity across its digital services, fintech, and travel solutions verticals.

Strategic Importance of the Merger

The proposed merger is designed to bring together technology-driven solutions and expand the group’s reach across financial services, digital payments, and travel-related offerings.

• Spice Money Limited is a prominent rural fintech platform providing financial inclusion services to semi-urban and rural India.

• E-Arth Travel Solutions Private Limited is engaged in travel and technology solutions, enabling digital travel bookings and related services.

• Vikasni Fintech Private Limited focuses on digital financial solutions, aligning with the broader fintech goals of the group.

By merging these entities, DiGiSPICE Technologies aims to achieve operational synergies, cost efficiencies, and enhanced market presence in the rapidly growing Indian digital ecosystem.

Regulatory Compliance

As per SEBI’s Listing Regulations, any scheme of amalgamation or merger requires multiple layers of approvals including Board sanction, shareholder and creditor nod, and final clearance from the National Company Law Tribunal (NCLT). The company’s continuous amendments to the scheme reflect its focus on ensuring regulatory compliance and alignment with stakeholder interests.

Implications for Stakeholders

For shareholders, the merger promises a consolidated structure, potentially leading to enhanced value creation through improved business scalability and service diversification. Creditors also benefit from the strengthened financial foundation and improved liquidity positioning of the merged entity.

Investors will closely monitor the next stages of regulatory approvals, particularly the NCLT hearings and final sanction, which will determine the effective date of the merger.

Digital Growth Outlook

India’s digital transformation in payments, fintech, and travel sectors has accelerated in recent years. With rural fintech penetration growing rapidly, Spice Money’s inclusion in the merger is particularly significant. Coupled with E-Arth Travel’s digital offerings and Vikasni Fintech’s innovative financial products, the amalgamation is expected to place DiGiSPICE in a stronger position to tap into emerging opportunities in digital payments, rural banking, and travel technology solutions.

Next Steps

The company confirmed that the intimation is being uploaded to its official website for transparency and public access. Further developments, including shareholder and NCLT updates, are expected to follow in due course.

In conclusion, the DiGiSPICE Technologies merger with Spice Money, E-Arth Travel, and Vikasni Fintech represents a significant restructuring effort to strengthen its position as a digital-first conglomerate. With regulatory amendments and board approvals moving forward, the next phases will determine how effectively the integration delivers value to stakeholders and enhances the company’s role in India’s fast-evolving digital and fintech landscape.

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