DiGiSPICE Technologies logo

DiGiSPICE Technologies MD, chairman, board of directors and AGM

NSE: DIGISPICEBSE: 517214IT - ServicesSmall Cap

Formerly Spice Mobility
Last close ₹13.83down ₹1.07 (7.18%)BSE ₹13.84

Share price at the NSE close on 23 Oct 2026. Previous close ₹14.90.

52-week range of traded prices to 23 Oct 2026
₹13.41Low, 23 Oct 2026₹26.80High, 23 Oct 2025
Market cap
₹325 Cr1,888th largest listed
P/E
17.4
P/E without one-offs
11.6
P/B
1.4
Dividend yield
Nonein the last 12 months
ROE
8.3%
ROE without one-offs
12.5%
ROCE
4.6%
Debt to equity
0.35
Volume, NSE
1,53,25161.1% delivered

DiGiSPICE Technologies board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonDilip Kumar ModiRelated to the promoter
  • Company Secretary and Compliance OfficerPankaj Arora

6 directors4 independent2 non-executive

  • Dilip Kumar Modi · ChairpersonNon-executive · joined Aug 2006 · reappointed Sep 2023 · 1 listed board
  • Ramesh VenkataramanNon-executive · joined May 2025 · reappointed May 2025 · 2 listed boards · 2 committee seats
  • Mrutyunjay MahapatraIndependent · joined Dec 2022 · reappointed Dec 2022 · 42 months as independent · 2 listed boards · 2 as independent · 5 committee seats, 3 as chair
  • Ram Nirankar RastogiIndependent · joined Jan 2024 · reappointed Jan 2024 · 29 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • Pankaj VaishIndependent · joined Oct 2024 · reappointed Oct 2024 · 21 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 1 as chair
  • Veena Vikas MankarIndependent · joined Feb 2025 · reappointed Feb 2025 · 16 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

5 directors who left
  • Rohit Ahuja, left 4 May 2026: Tenure Completion
  • Mayank Jain, left 12 Aug 2025: Others
  • Venkatramu Jayanthi, left 6 Aug 2025: Others
  • Subramanian Murali, left 30 Apr 2025: Others
  • Rashmi Aggarwal, left 3 Feb 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 13 May 20266 of 6 present4 independent · 89 days in between
    • 12 Feb 20266 of 7 present4 independent · 7 days in between
    • 4 Feb 20266 of 7 present4 independent
  • Audit Committee

    Chair Mrutyunjay Mahapatra

    Pankaj Vaish, Veena Vikas Mankar

    • 13 May 20263 of 3 present3 independent · 89 days in between
    • 12 Feb 20263 of 3 present3 independent
  • Nomination and remuneration committee

    Chair Pankaj Vaish

    Ram Nirankar Rastogi, Dilip Kumar Modi

    • 13 May 20263 of 3 present2 independent · 102 days in between
    • 30 Jan 20263 of 3 present2 independent
  • Stakeholders Relationship Committee

    Chair Ram Nirankar Rastogi

    Pankaj Vaish, Mrutyunjay Mahapatra

    • 4 Feb 20263 of 3 present2 independent
  • Risk Management Committee

    Chair Mrutyunjay Mahapatra

    Pankaj Vaish, Ram Nirankar Rastogi, Veena Vikas Mankar

    • 12 May 20264 of 4 present4 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S. R. Batliboi & Co. LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

DiGiSPICE Technologies AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.DiGiSPICE Technologies dividend history

Annual general meeting, 22 Sep 2026

39,399 shareholders on the register on 15 Sep 2026; present: 2 promoters and 431 others; votes counted by Kapil Dev Taneja / M/s Sanjay Grover & Associates, Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. the Audited Standalone Financial Statements for the financial year ended March 31, 2026 along with the Board of Directors’ and Auditors’ Report thereon; b. the Audited Consolidated Financial Statements for the financial year ended March 31, 2026 and the Auditors’ Report thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 72.66% · promoters 100.00% · institutions 0.00% · other public 0.07%

  2. To consider and appoint a Director in place of Mr. Dilip Kumar Modi (DIN: 00029062), Non-Executive Director
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.64%

    Turnout: all 72.66% · promoters 100.00% · institutions 0.00% · other public 0.07%

  3. To consider and approve the appointment of Mr. Pankaj Arora (DIN: 11847526) as a Whole-time Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.41%

    Turnout: all 72.66% · promoters 100.00% · institutions 0.00% · other public 0.07%

  4. To consider and approve one time ex-gratia payment to Mr. Rohit Ahuja (DIN: 00065417)
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.64%

    Turnout: all 72.66% · promoters 100.00% · institutions 0.00% · other public 0.07%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 13 Jul 2026, 1 resolution

39,616 shareholders on the register on 6 Jul 2026; present: 2 promoters and 310 others; votes counted by Ms. Aditi Gupta / Aditi Agarwal & Associates.The company's voting result (opens in a new tab)

  1. Approval of scheme of Amalgamation by way of Merger between the Transferor Companies - Spice Money Limited, E-Arth Travel Solutions Private Limited, Vikasni Fintech Private Limited and DiGiSPICE Technologies Limited and their respective shareholders and creditorsMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 73.46% · promoters 100.00% · institutions 0.00% · other public 3.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2025, 3 resolutions

42,156 shareholders on the register on 22 Sep 2025; present: 1 promoter and 406 others; votes counted by Kapil Dev Taneja / Sanjay Grover & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. the Audited Financial Statements for the financial year ended 31st March, 2025 along with the Board of Directors’ and Auditors’ Report thereon; b. the Audited Consolidated Financial Statements for the financial year ended 31st March, 2025 and the Auditors’ Report thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 72.54% · promoters 99.41% · institutions 0.00% · other public 0.06%

  2. To consider and appoint a Director in place of Mr. Rohit Ahuja (DIN: 00065417), Executive Director, who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.88%

    Turnout: all 72.54% · promoters 99.41% · institutions 0.00% · other public 0.06%

  3. To consider and approve the appointment of M/s Sanjay Grover & Associates, Company Secretaries, as Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 72.54% · promoters 99.41% · institutions 0.00% · other public 0.06%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 11 May 2025, 3 resolutions

42,861 shareholders on the register on 4 Apr 2025; votes counted by Kapil Dev Taneja / Sanjay Grover & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Ms. Veena Vikas Mankar (DIN 00004168) as a Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.04%

    Turnout: all 72.55% · promoters 99.41% · institutions 0.00% · other public 0.08%

  2. Appointment of Mr. Ramesh Venkataraman (DIN 03545080) as a Non-Executive Non - Independent Director of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.99%

    Turnout: all 72.55% · promoters 99.41% · institutions 0.00% · other public 0.08%

  3. Approval for holding of office or place of profit by Mr. Ramesh Venkataraman (DIN 03545080), upon being appointed as Director of the Company
    Ordinary
    97.96% for2.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.04%

    Turnout: all 0.02% · promoters 0.00% · institutions 0.00% · other public 0.08%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 22 Dec 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Pankaj Vaish (DIN 00367424) as a Non-Executive Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 23.18%

    Turnout: all 72.68% · promoters 100.00% · institutions 0.00% · other public 0.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Sep 2024, 5 resolutions

Present: 1 promoter and 361 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt:n(a) the Audited Financial Statements for the financial year ended 31st March, 2024 along with the Board of Directors’ and Auditors’ Report thereon;n(b) the Audited Consolidated Financial Statements for the financial year ended 31st March, 2024 and the Auditors’ Report thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 72.77% · promoters 100.00% · institutions 0.00% · other public 0.12%

  2. To consider and appoint a Director in place of Mr. Subramanian Murali (DIN: 00041261), Non-Executive Director, who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.98%

    Turnout: all 72.77% · promoters 100.00% · institutions 0.00% · other public 0.12%

  3. To consider and approve the re-appointment of Mr. Mayank Jain (DIN: 00251609) as a Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.97%

    Turnout: all 72.77% · promoters 100.00% · institutions 0.00% · other public 0.12%

  4. To consider and approve the alteration in the Object Clause of the Memorandum of Association (MOA) of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 72.77% · promoters 100.00% · institutions 0.00% · other public 0.12%

  5. To consider and approve variation in DTL Employee Stock Option Plan -2018
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.02%

    Turnout: all 72.77% · promoters 100.00% · institutions 0.00% · other public 0.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 29 Jun 2024, 5 resolutions

The company's voting result (opens in a new tab)

  1. Approval for appointment of Mr. Venkatramu Jayanthi (DIN 08918442) as Whole-time Director of the Company and remuneration payable to him.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.66%

    Turnout: all 72.96% · promoters 100.00% · institutions 0.00% · other public 0.24%

  2. Approval for making investments, extending loans and giving guarantees or providing securities under Section 186 of the Companies Act, 2013.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.86%

    Turnout: all 72.96% · promoters 100.00% · institutions 0.00% · other public 0.24%

  3. Approval of the authorization to Board of Directors for extending loans and giving guarantees or providing securities in connection with loans to persons specified under section 185 of the Act.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.86%

    Turnout: all 72.96% · promoters 100.00% · institutions 0.00% · other public 0.24%

  4. Approval for holding of office or place of profit by Mr. Dilip Modi (DIN 00029062), Director of the Company.
    OrdinaryPromoters have an interest in it
    95.22% for4.78% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.78%

    Turnout: all 0.07% · promoters 0.00% · institutions 0.00% · other public 0.24%

  5. Approval for revision in remuneration of Mr. Rohit Ahuja (DIN: 00065417), Executive Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.96%

    Turnout: all 72.96% · promoters 100.00% · institutions 0.00% · other public 0.24%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Apr 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Ram Nirankar Rastogi (DIN 07063686) as a Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 79.85% · promoters 100.00% · institutions 0.00% · other public 25.49%

  2. Appointment of Mr. Venkatramu Jayanthi (DIN 08918442) as a Director of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 79.85% · promoters 100.00% · institutions 0.00% · other public 25.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyOffice of the Divisional Commissioner, Stamp and Registration Department, DelhiSince 15 Apr 2026

    Stamp duty at the rate of 0.1 percent with penalty was required to be deposited from the Department on allotment of shares since the registered office of the Company was shifted to Delhi i.e. 2019

    The Company has been paying stamp duty at rate of 0.005 percent to concerned depository as per Indian Stamp Act amended vide Finance Act, 2019. However, the Stamp and Registration Branch of Delhi government did not consider it as compliance of the state Stamp Act and demanded stamp at rate 0.1 percentMoreLess
  • Tax disputeADDITIONAL COMMISSIONER OF GOODS AND SERVICE TAXSince 25 Jul 2024
    The Company has filed appeal for export case, appeal is filled with GST Appelate Tribunal, Chandigarh.
    At the filing before: Additional Comissioner passed an order for FY 2019-20 confirming : A. the demand of alleged short tax payment of Rs. 3,13,21,694 along with interest and imposes penalty of Rs. 31,23,169. B. the demand of alleged wrongly availed ITC of amounting to Rs. 94,72,797 along with interest and imposes Penalty of Rs. 9,47,280; C. demand of Interest of Rs. 3509 on account of delayed payment of tax paid; and D. imposes Penalty of Rs. 25,000 of each CGST and SGST Head under Section 125 of the CGST Act read with corresponding provisions of PGST Act for alleged varied and dissimilar declaration of value of zero rated supplies. The Company had filed an appeal with Commissioner Appeal on 23-10-2024. Final hearing was held on 10th December,2025 and order of Commisoner Appeal was received in February, 2026, the demand has been reduced for input tax for Rs 7230666 and penalty has been reduced by 723067, company has paid balance input tax credit along with interest penaltyMoreLess
  • Tax disputeCOMMISSIONER OF INCOME TAXSince 17 Aug 2015
    Case pending before the Supreme Court and CIT (Appeals)
    At the filing before: Assessing Officer disallowed reimbursements of INR 577 Lakhs made to Regional Distributors on account of advertisement expenditure incurred by them, by invoking section 40(a)(ia) of the Act for non-deduction of TDS (Demand of INR 2.71cr adjusted against refund for AY 2010-11). On appeal, CIT(A) remitted the matter back to AO for verification and allowance of deduction to the extent RD’s have deducted TDS on advertisement expenses. Tax department filed appeal before ITAT, Company also filed cross objections before ITAT. ITAT has dismissed both the dept appeal and cross objections upholding CIT(A) order. Against the order of the ITAT, the Company filed appeal before Allahabad High Court, which was dismissed by order dated 13th May 2015 stating no question of law arises. The company filed SLP in the Supreme Court against the said order of Allahabad High Court on 17 August 2015. SLP has been admitted by Supreme court on 09-8-2019. Pursuant to directions of CIT(A), AO issued order for appeal effect, dated 1st June 2015, disregarding the request of the Company to provide additional time to submit the evidence for TDS. Against the said order, Company filed an appeal before CIT(A), Meerut in July 2015 on the ground of principles of natural justice and other grounds. CIT(A) by order dated 20th February 2017 dismissed the appeal ex-parte as non-admissible without passing a reasoned order. On Company’s appeal before ITAT, case is remanded back to CIT(A) vide order dated 17/01/2020 with direction to pass a speaking order on merits.MoreLess
  • Tax disputeNational e-assessment centre, DelhiSince 7 Apr 2021
    Order of Appeal effect from JAO is awaited.
    At the filing before: In respect of assessment year 2018-19, the Assessing Officer made disalowance of Rs 69.01 lakhs to the assessed income of Spice Money Limited in the order of assessment passed u/s 143(3) and adjusted the tax demand of Rs. 14.89 lakhs against the refunds due. Spice Money has filed an appeal to the CIT (Appeals) against the said order. Case decided in favour of the Company by CIT (Appeals) by deleting the disallowance of Rs. 69 lakhs vide order dated 02.07.2025. Order of Appeal effect from JAO is awaited.MoreLess
  • Tax disputeDeputy Excise and Taxation Commissioner (Inspection), FaridabadSince 22 Oct 2019
    The matter is pending before Tax tribunal.
    At the filing before: The Company filed appeal before Harayana Tax Tribunal against the revisionary order of Deputy Excise and Taxation Commissioner, revising the deemed assessable value of the Chargers sold by Company in composite packs during FY 2013-14, thereby rasing demand of Rs. 1.2 Cr. along with interest thereonMoreLess
  • Tax disputeAssistant Commissioner, State Tax, UttarakhandSince 2 Sep 2024
    Appeal is pending
    At the filing before: Spice Money Limited, subsidiary of the Company received an order from GST Authority imposing a penalty of Rs. 2,31,530 under section 73(9) of Uttrakhand Goods and Service Tax Act, 2017. The total demand under the said order is Rs. 45,74,652 including interest and penalty.The order alleges short declaration of Taxable Turnover and consequent short payment of GST thereon by Spice Money for the year 2019-20. Necessary Appeal has been filed by Spice Money.MoreLess
  • Tax disputeState Tax Officer, UttarakhandSince 4 Jul 2023
    Matter is pending before Uttarakhand High Court.
    At the filing before: Order u/s 74 of Central Goods and Services Tax Act, 2017 in relation to financial year 2018- 19 with a demand of Rs. 95,77,294, including tax, reversal of credit and penalty passed by Seles tax Officer, Uttarakhand, against Spice Money Limited. The Writ has been filed by Spice Money Limited in Uttarakhand High Court.MoreLess
  • Tax disputeAssistant Commissioner, State Tax, UttarakhandSince 27 Mar 2026
    Necessary Appeal has been filed by Spice Money.
    At the filing before: Spice Money Limited, subsidiary of the Company received an order from GST Authority imposing a penalty of Rs. 33,89,234/- under section 74 of Uttrakhand Goods and Service Tax Act, 2017. The total demand under the said order is Rs. 1,07,64,026/- including interest and penalty.The order alleges short declaration of Taxable Turnover and consequent short payment of GST thereon by Spice Money for the year 2019-20.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Sep 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.