SEBI Issues Show Cause Notice to Paytm KMP Regarding Corporate Announcement Disclosure
One 97 Communications Limited has received a Show Cause Notice (SCN) from the Securities and Exchange Board of India (SEBI). The notice concerns the timing of disclosure and the classification of certain information related to a corporate announcement made by the company on December 06, 2023.The SCN was issued to the Company’s Key Managerial Personnel (KMP) and was dated August 11, 2026. The notice pertains to whether the information was properly classified as unpublished price sensitive information under relevant regulations.
The company is currently evaluating the SCN and has committed to submitting a response within the prescribed timeline.
A summary of the material contents of the communication received from SEBI are detailed below:
| Particulars | Details |
|---|---|
| Type of communication received | Show Cause Notice dated August 11, 2026 |
| Issuing Authority | Securities and Exchange Board of India (SEBI) |
| Date of receipt | August 11, 2026 |
| Subject Matter | Timing of disclosure and classification as unpublished price sensitive information concerning the December 06, 2023 corporate announcement. |
| Response Timeline | The response must be submitted within 14 days from the date of receipt. |
| Expected Financial Impact | No financial impact on the Company is expected. |
Key aspects of the SCN relate to procedural matters concerning past disclosures. As per the details provided, the notice was issued under SEBI rules regarding the timing and nature of information disclosure in relation to the corporate announcement made earlier this year.
The company stated that it is evaluating the Show Cause Notice and will respond within the designated timeline. No financial impact on One 97 Communications Limited has been expected from this matter at present.
PAYTM Stock Price Movement
On Wednesday, shares of One 97 Communications Limited rallied, closing at ₹1610 after gaining 1.02% on the day. The stock saw strong investor interest, with 2.61 million shares transacting as the equity pushed toward its 52-week performance highs.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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