One 97 Communications Limited has announced two major corporate decisions through an official regulatory disclosure. The company approved these strategic moves as part of its ongoing business optimization efforts, with both transactions complying with SEBI Listing Regulations under Regulation 30.

Stake Increase Through Loan-to-Equity Conversion

The company has approved the conversion of an outstanding loan along with unpaid interest, amounting to approximately ₹197 crore, into equity shares of First Games Technology Private Limited (FGTPL). This step-down subsidiary had discontinued its online real money gaming business following regulatory changes under "The Promotion and Regulation of Online Gaming Act, 2025".

The conversion will be completed through the company's wholly owned subsidiary Paytm Services Private Limited. One 97 Communications had previously fully impaired its equity and loan investment in FGTPL, ensuring this conversion has no financial impact on the company's books.

FGTPL Financial Performance

FGTPL was incorporated and operated in the online real money gaming space until business discontinuation. The subsidiary's financial trajectory reflects the impact of regulatory changes on the online gaming sector.

The declining turnover pattern demonstrates the regulatory impact on the gaming business, with revenue dropping significantly from ₹320.58 crore to ₹90.82 crore over the three-year period.

Default Loss Guarantee Approval

In line with its existing loan distribution business model, One 97 Communications has approved a Default Loss Guarantee of up to ₹90 crore for loans disbursed by Piramal Finance Limited as the lending partner. This guarantee mechanism supports the company's role in facilitating loan distribution to customers.

The company earns revenue through sourcing fees and collection fees on loans distributed through this model. The guarantee arrangement represents a financial commitment that aligns with One 97 Communications' established lending facilitation operations.

Regulatory Compliance

Both transactions comply with SEBI Listing Regulations and require disclosure under Regulation 30. The loan-to-equity conversion requires no additional regulatory approvals beyond standard compliance procedures. As a professionally managed company without identified promoters, One 97 Communications confirmed that group companies have no interest in the default loss guarantee transaction with Piramal Finance Limited.

One 97 Communications Limited has successfully incorporated a wholly owned step-down subsidiary in Indonesia, marking another milestone in the company's international expansion strategy. The new entity, PT Paytm Indonesia Teknologi, was established on April 10, 2026, through the company's existing subsidiary structure.

Incorporation Details and Investment Structure

The incorporation was executed jointly by Paytm Cloud Technologies Limited (PCTL), a wholly owned subsidiary of One 97 Communications, and Paytm Singapore Pte. Ltd., which is a wholly owned subsidiary of PCTL. This layered subsidiary approach demonstrates the company's strategic structuring for international operations.

Strategic Expansion Through Subsidiary Network

The establishment of Paytm Indonesia represents a continuation of the company's international expansion plans, building upon its previous disclosure dated December 22, 2025. The subsidiary structure allows One 97 Communications to leverage its existing operational framework while maintaining strategic control over its Indonesian operations.

The incorporation follows regulatory compliance under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities.

Corporate Governance and Compliance

The company has maintained proper disclosure protocols, with Company Secretary and Compliance Officer Sunil Kumar Bansal (FCS 4810) overseeing the regulatory filings. The disclosure was made to both BSE Limited (Scrip Code: 543396) and National Stock Exchange of India Limited (Symbol: PAYTM), ensuring comprehensive market communication.

Additional details regarding this incorporation will be made available on the company's investor relations website at ir.paytm.com, providing stakeholders with continued access to relevant corporate developments.