One 97 Communications Announces Quarterly Results, Appoints New Director, and Plans Investment in Paytm Money Limited

One 97 Communications Announces Quarterly Results, Appoints New Director, and Plans Investment in Paytm Money Limited​

One 97 Communications Limited has disclosed its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company's Board of Directors approved several key corporate actions, including the appointment of a new director, plans for an additional investment in its subsidiary Paytm Money Limited (PML), and proposals regarding the utilization of IPO proceeds.

The Board meeting, held on July 20, 2026, reviewed the financial results and considered strategic initiatives aimed at long-term shareholder value creation.

Financial Performance Highlights​

The consolidated financial results for the quarter ended June 30, 2026, showed total income of ₹2,630 crores. The company recorded a profit of ₹220 crores attributable to owners of the parent for the period.

A summary of the consolidated unaudited financial results is presented below:


The unaudited results were reviewed by the Statutory Auditors, S.R. Batliboi & Associates LLP. The accompanying reports included a note regarding a Show Cause Notice (SCN) received from the Directorate of Enforcement, Government of India, alleging contraventions of certain provisions of the Foreign Exchange Management Act, 1999 (FEMA), which concerns investments made by the Holding Company in subsidiaries in earlier years and equity raised by those subsidiaries.

Corporate Governance and Strategic Updates​

New Director Appointment:
The Board approved the appointment of Mr. Amitabh Kumar Singhal (DIN: 07630166) as an Additional Non-Executive Non-Independent Director, effective July 20, 2026. Mr. Singhal is proposed for subsequent approval as a Non-Executive Non-Independent Director liable to retire by rotation at the ensuing Annual General Meeting (AGM).

Mr. Singhal's profile includes extensive knowledge in Computer Science; he served as a former Senior VP of Search at Google and is the founder of the Sitare Foundation and Sitare University, which aims to be India’s first fully scholarship-based technical university for underprivileged students.

Investment in Paytm Money Limited (PML):
The Board considered an additional investment by the Company via a Rights Issue subscription into the equity shares of its wholly owned subsidiary, Paytm Money Limited (PML). The investment is capped at up to ₹100 Crores and is intended to support PML's growth requirements, including technology investments, regulatory capital needs, and expansion of its investment and wealth management businesses.

IPO Proceeds and ESOPs:
The Board also approved a proposal requiring shareholder approval to revise the utilization of remaining IPO proceeds. As of July 20, 2026, ₹1,686 crore of the originally earmarked funds remains unutilized. The company proposes using this balance under Object 2 (Investing in new business initiatives, acquisitions and strategic partnerships) and Object 1 (Growing and strengthening the Paytm ecosystem), with a proposed extended utilization timeline until March 31, 2029.

In other strategic decisions, the Board determined that the Company should continue focusing on compounding growth and profitability for shareholder value creation and decided not to proceed with a bonus issue at this time. Additionally, amendments to the One 97 Employees Stock Option Scheme 2019 (ESOP Scheme 2019) were approved, which are subject to shareholder approval at the AGM.

PAYTM Stock Price Movement​

On Monday, shares of One 97 Communications Limited edged higher, settling at ₹1347.50 after gaining 0.04% off the previous close. The stock traded on a volume of 2.4 million shares, finding support between a day low of ₹1335.50 and a high of ₹1357.40.