One 97 Communications Ltd

One 97 Communications Ltd has approved providing a Default Loss Guarantee of up to ₹90 crore to lending partners Muthoot Fincorp Limited and Kisetsu Saison Finance (India) Private Limited. This guarantee is for loans disbursed by these partners and aligns with the company's existing loan distribution business. The company earns sourcing and collection fees on these loans. In a separate development, Mr. Ashit Ranjit Lilani has withdrawn his consent for reappointment as a Non-Executive Independent Director due to other professional commitments, concluding his term on July 4, 2026.

One 97 Communications Ltd announced the completion of a Euro 9 million investment in Paytm Europe Payments S.A., a step-down wholly-owned subsidiary. The investment was made through Paytm Cloud Technologies Limited, another wholly-owned subsidiary, by subscribing to 9 million equity shares of EUR One each. This action follows a previous disclosure on May 25, 2026, regarding the proposed investment. The company has also made this disclosure available on its website.

One 97 Communications Ltd clarifies that the Supreme Court's upholding of the 28% GST levy on online gaming relates to its discontinued First Games Technology Private Limited (FGTPL) business and does not impact the company's operations or financials. FGTPL's real money gaming business was discontinued on August 25, 2025. A GST Show Cause Notice of ₹5,712 crores, received on April 28, 2025, is pending adjudication. The carrying value of investment in FGTPL is already nil, with no incremental impact on One 97's consolidated financial statements. FGTPL is treated as a JV, and its revenues are not consolidated.

One 97 Communications Ltd's wholly-owned subsidiary, Paytm Cloud Technologies Limited (PCTL), is investing an additional EUR 9 million in its wholly-owned subsidiary, Paytm Europe Payments S.A. The investment involves subscribing to 9 million equity shares of EUR 1 each. This transaction is at arm's length and aims to increase the paid-up capital of Paytm Europe to support its business requirements. Post-investment, Paytm Europe will remain a step-down wholly-owned subsidiary of One 97 Communications.

One 97 Communications Ltd (Paytm) has launched 'Paytm Pocket Money,' enabling teenagers to make UPI payments without a bank account. Parents can set spending limits and monitor transactions in real-time. Individual payments are capped at ₹5,000, with a monthly limit of ₹15,000. The service integrates with Paytm Spend Summary for expense tracking and includes safety controls like payment caps and mandatory device lock.

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.

One 97 Communications Ltd (Paytm) has re-appointed Mr. Ashit Ranjit Lilani as a Non-Executive Independent Director for a second consecutive term of 5 years, commencing from July 5, 2026, up to July 4, 2031. This re-appointment, based on the recommendation of the Nomination & Remuneration Committee, is subject to the approval of the Members of the Company. The Board of Directors also approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.

One 97 Communications Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board also approved the re-appointment of Mr. Ashit Ranjit Lilani as Non-Executive Independent Director for a second term of 5 years, subject to member approval. The meeting was held on May 06, 2026, and the audit report was issued by S.R. Batliboi & Associates LLP.

One 97 Communications Ltd has granted 1,77,044 stock options to eligible employees under its ESOP 2019, as approved by the Nomination and Remuneration Committee on May 06, 2026. The committee also noted the lapse and cancellation of 4,90,055 stock options. Additionally, 70,504 equity shares were allotted to employees upon exercise of vested options, increasing the company's paid-up equity share capital to 64,01,80,180. The exercise price is ₹ 9 per stock option.

One 97 Communications Ltd (Paytm) announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board also approved the re-appointment of Mr. Ashit Ranjit Lilani as a Non-Executive Independent Director for a second term of 5 years, subject to member approval. The board meeting was held on May 06, 2026, and the results, along with the auditor's report from S.R. Batliboi & Associates LLP, are available on the company's website.