Further to our letter dated December 14, 2020, this is inform you that, Spice Money Limited (SML), a wholly-owned subsidiary of the Company, in its meeting held on 11th February, 2021 has issued and allotted 8,69,030 (Eight Lakh Sixty Nine Thousand and Thirty) Class B Equity Shares of Rs. 10/- each (Approx. 2% of the present share capital of SML) with a differential voting rights viz. a viz. ordinary shares of SML so that every 5 Class B shares will have 1 vote. Consequently, the status of SML has changed from the wholly owned subsidiary of the Company to subsidiary of the Company.
|