One 97 Communications Ltd

Elevation Capital V Ltd and its Persons Acting in Concert (PACs) have disclosed the sale of 23,498,583 shares, representing 3.67% of the total share capital, in One 97 Communications Limited (Paytm). The disposal was executed through open market transactions on August 4, 2026. Following the sale, Elevation Capital V Ltd and its PACs collectively hold 68,815,154 shares, which amounts to 10.73% of the company's total share capital. The total equity share capital of One 97 Communications Limited remains unchanged at Rs. 641,133,110, comprising 641,133,110 equity shares of face value Rs. 1 each.

SAIF Partners India IV Ltd has disclosed the sale of 23,498,583 shares, representing 3.67% of the total share capital, in One 97 Communications Limited (Paytm). The transaction was executed via the open market. Following this disposal, SAIF Partners India IV Ltd's direct holding in One 97 Communications has reduced to 19,103,740 shares, accounting for 2.98% of the total share capital. The disclosure also details the holdings of associated entities like SAIF III Mauritius Company Limited and Elevation Capital V Limited, both before and after the sale, indicating a broader reduction in the collective stake held by these entities. The total share capital of One 97 Communications remains unchanged at Rs. 641,133,110 comprising 641,133,110 equity shares.

SAIF III Mauritius Company Limited, along with its Persons Acting in Concert (PACs), has disclosed the disposal of 23,498,583 shares, representing 3.67% of the total share capital, in One 97 Communications Limited (Paytm). The sale was conducted through the open market. Following the transaction, SAIF III Mauritius and its PACs collectively hold 68,815,154 shares, amounting to 10.73% of the company's total share capital. The disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

One 97 Communications Ltd (Paytm) has launched 'Paytm Split Bills' on its app, a new feature designed to help friends track, split, and settle shared expenses. The tool allows users to create groups, add unlimited shared expenses for various activities like trips, meals, and shopping, and split costs equally, by exact amount, shares, or percentage. It provides a clear view of who owes whom and facilitates settlement through Paytm UPI. The feature supports recording expenses paid via Paytm UPI, other payment apps, cash, or cards, consolidating all shared expense history in one place. This launch aims to enhance Paytm's proposition as a financial life app by integrating payments and money management.

One 97 Communications Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, detailing the utilization of its Initial Public Offer (IPO) proceeds. The report, issued by Axis Bank Limited, confirms no deviation from the objects stated in the offer document. The utilization of funds has been reviewed by the Audit Committee and taken on record by the Board of Directors. This disclosure is in compliance with SEBI regulations and will be hosted on the company's investor relations website.

One 97 Communications Ltd announced the appointment of Mr. Amitabh Kumar Singhal as a Non-Executive Non-Independent Director, effective July 20, 2026. Mr. Singhal, former Senior VP of Google Search and founder of Sitare Foundation, will hold office until the next Annual General Meeting. The Board also approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and a ₹100 crore investment in its subsidiary, Paytm Money Limited. Additionally, the company plans to revise the utilization of remaining IPO proceeds and extend the timeline to March 31, 2029, subject to shareholder approval. Amendments to the ESOP Scheme 2019 were also approved.

One 97 Communications Ltd announced that its Board of Directors has approved an additional investment of up to ₹100 Crores in its wholly owned subsidiary, Paytm Money Limited (PML), through a Rights Issue. This investment aims to support PML's growth, technology upgrades, regulatory capital needs, and expansion of its investment and wealth management businesses. The Board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, appointed Mr. Amitabh Kumar Singhal as an Additional Director, and proposed a revision in the utilization of remaining IPO proceeds, extending the timeline to March 31, 2029. Amendments to the ESOP Scheme 2019 were also approved, subject to shareholder consent.

One 97 Communications Ltd (Paytm) reported strong growth for the quarter ended June 30, 2026 (Q1 FY27). Revenue surged 28% YoY to ₹2,448 Cr, and EBITDA reached a record high of ₹203 Cr, up 182% YoY. This performance was driven by accelerated growth across its four key engines: merchant payments, merchant loan distribution, consumer payments, and consumer monetization. The company highlighted AI's role in driving operating leverage, with revenue growing faster than indirect expenses, leading to EBITDA margin expansion. Merchant GMV grew 31% YoY, and payment processing margins improved structurally. Consumer payments also saw significant growth, with Monthly Transacting Users (MTU) expanding by 60 lakh YoY to 8 Cr.

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.

One 97 Communications (Paytm) delivered its fourth straight profitable quarter, reporting consolidated PAT of ₹220 Cr for Q1 FY27 versus ₹122.5 Cr a year ago (+79% reported). Adjusted for the ₹17 Cr exceptional loss that sat in the year-ago base, underlying PAT growth is ~57% — still comfortably ahead of the ~28% YoY revenue growth (₹2,448 Cr vs ₹1,917.5 Cr), so the profit expansion is real, not a low-base optical. The current quarter carries no exceptional item, making the print clean. The story is operating leverage, exactly what management guided on the Q4 concall. Revenue rose ~28% YoY while total expenses grew only ~18% (₹2,383 Cr vs ₹2,016 Cr), widening the PBT margin to 9.4% of total income from 5.8% a year ago; sequentially, net margin improved to ~8.4% from 7.5%. Payment processing charges (₹794 Cr) and employee costs (₹742 Cr) remain the largest lines but scaled slower than the topline, evidencing the indirect-cost discipline management promised on the path to its 15–20% EBITDA-margin goal. QoQ, revenue rose ~8% and PAT ~20% off the ₹183 Cr March base — supporting detail, with YoY the anchor. Against the street, this is a beat: brokerage previews pegged Q1 revenue at ~₹2,376–2,410 Cr and PAT above ₹200 Cr (>50% YoY) — actual revenue ₹2,448 Cr and PAT ₹220 Cr topped both. The one negative surprise sits outside the P&L: the board, which was widely expected to clear Paytm's first-ever bonus issue, declined to proceed, opting to 'continue compounding growth and profitability' instead. Alongside results the board approved a ₹100 Cr rights-issue investment into wholly-owned Paytm Money — operationalising the 'wealth management as a third pillar' strategy management flagged last quarter — extended the IPO-proceeds utilisation window to March 2029 (₹1,686 Cr still unutilised), and added ex-Google Search SVP Amitabh Singhal to the board. Standalone optics diverge and readers should not misread them: standalone revenue fell to ₹1,069 Cr from ₹1,586 Cr purely because the offline merchant business was slump-sold to subsidiary PPSL in November 2025 — an intra-group transfer with no consolidated impact; consolidated is the correct lens and it is unaffected. The FEMA show-cause notice (₹611 Cr aggregate contraventions, ₹485 Cr since observed compliant by RBI) remains an emphasis-of-matter with compounding provisions taken, not a P&L event this quarter.