Update On Acquisition Of Stake In A 'P2P Lending Platform Company' I.E. Luharia Technologies Private Limited- Intimation Under Regulation 30 Of Listing Regulations, 2015.

• Security Code: 517214
• Company: DIGISPICE

In continuation to our letter dated 29th December, 2017, we wish to inform that, Spice Digital Limited (SDL), a subsidiary of the Company, has informed that the Agreement entered between SDL and a 'P2P Lending Platform Company' i.e. Luharia Technologies Private Limited (LTPL), for making strategic investment in LTPL, has been modified.

By virtue of this modification, the 0.1% Compulsorily Convertible Preference Shares (CCPS) held in LTPL has been converted into 'Redeemable Preference Shares' (RCPS) and the said RCPS has been redeemed/transferred by SDL for a total consideration of Rs. 6.25 Crore, resulting into NIL holding in LTPL.

You are requested to kindly take the aforesaid information on record.