Regulatory6 May 2026, 09:21 pm
One 97 Communications: Monitoring Agency Report, Mar 2026
AI Summary
One 97 Communications Ltd (Paytm) has released the Monitoring Agency Report by Axis Bank for the quarter ended March 31, 2026, regarding the utilization of IPO proceeds. The report, dated May 06, 2026, indicates no deviations from the stated objectives in the offer document. The Audit Committee and Board of Directors reviewed and approved the report on May 06, 2026. The report confirms adherence to SEBI (ICDR) Regulations, 2018, with no conflicts of interest identified by the monitoring agency.
Key Highlights
- Axis Bank, the Monitoring Agency, reported no deviation in the use of IPO proceeds for the quarter ended March 31, 2026.
- The Monitoring Agency Report confirms compliance with SEBI (ICDR) Regulations, 2018.
- The Audit Committee and Board of Directors reviewed and approved the Monitoring Agency Report on May 06, 2026.
- The report states no conflict of interest for the monitoring agency in relation to the issuer.
- Original Issue size was ₹18,300 Cr.
Price Impact
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