One 97 Communications Limited has informed the Exchange about General Updates
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Paytm Payments Bank Limited (PPBL), an associate entity of One 97 Communications, has had its banking license cancelled by RBI effective April 24, 2026. The company is clarifying to exchanges that this development has no financial or business impact on One 97 Communications. The company had already impaired its entire investment in PPBL as of March 31, 2024, and has no material business arrangements with PPBL. All Paytm services including the app, UPI, QR, Soundbox, card machines, Payment Gateway, and Paytm Money continue to operate without interruption. PPBL operates independently with no board or management overlap with the listed company.
This is a clarification filing attempting to reassure investors that the RBI action on PPBL does not affect Paytm's listed entity operations or financials. The stock may see limited direct impact given the prior impairment and independent structure already disclosed.