One 97 Communications Limited has informed the Exchange about Action(s) initiated or orders passed
PAYTM · price
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One 97 Communications (Paytm) has received an order from the Commissioner (Appeals) of CGST Delhi reducing a penalty originally imposed on February 3, 2025. The penalty on the company has been cut roughly in half, from Rs. 1.19 crore to Rs. 59.69 lakhs. The penalty on its CEO has also been marginally reduced from about Rs. 59.94 lakhs to Rs. 59.69 lakhs. The original demand related to alleged non-compliance in issuing tax invoices for FY 2020-21, 2021-22, and 2022-23. The company says it still believes the penalty is not justified and will file a further appeal.
This is a moderate positive for shareholders since the penalty has been reduced by about 50% on appeal, lowering the potential financial hit. However, the matter is not closed as the company plans another appeal, so some uncertainty remains. Overall, the financial impact is small relative to Paytm's scale.