Board Meeting20 Jul 2026, 10:20 pm
One 97 Communications Board Approves Financial Results, Director Appointment
AI Summary
One 97 Communications Ltd announced the outcome of its board meeting held on July 20, 2026. The board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Key decisions included the appointment of Mr. Amitabh Kumar Singhal as an Additional Director, an investment of up to ₹100 Crores in Paytm Money Limited via rights issue, and a proposed revision in the utilization of remaining IPO proceeds with an extended timeline to March 31, 2029. The board also decided not to proceed with a bonus issue at this time and approved amendments to the ESOP Scheme 2019, subject to shareholder approval.
Key Highlights
- Board approved Q1 FY27 unaudited standalone & consolidated financial results.
- Appointed Mr. Amitabh Kumar Singhal as Additional Director.
- Approved up to ₹100 Cr investment in Paytm Money Limited.
- Proposed revision and extension of IPO proceeds utilization timeline.
- Decided not to proceed with bonus issue at this time.
Price Impact
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