One 97 Communications Limited has informed the Exchange about approval of Default Loss Guarantee on Loans disbursed by lending partner.
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Paytm has approved two key matters: First, converting ₹197 crore of outstanding loans (including unpaid interest) into 19,67,70,855 equity shares of First Games Technology Private Limited (FGTPL) at par. FGTPL had discontinued its online real money gaming business from August 25, 2025, following the new Online Gaming Act, 2025. This increases Paytm's stake in FGTPL from 55% to 82.6%. Since the company had already fully impaired this investment, there is no financial impact. Second, Paytm has approved a Default Loss Guarantee of up to ₹90 crore for loans disbursed by lending partner Piramal Finance Limited, in line with its existing loan distribution model. The guarantee will be backed by bank guarantees or fixed deposits.
The loan conversion has no financial impact as it was already impaired. The ₹90 crore default loss guarantee represents potential financial exposure aligned with Paytm's loan distribution business, where it earns sourcing and collection fees.