One 97 Communications Limited’s step-down subsidiary, Paytm Europe Payments S.A., has secured a payment institution license from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, effective July 02, 2026. The regulatory approval allows the European entity to execute payment transactions, including credit transfers and standing orders, as well as acquire payment transactions. This development marks a significant expansion in the company's operational capabilities within the European financial sector.

The CSSF communicated the grant of the license and the subsequent registration of Paytm Europe on the official list of payment institutions on July 02, 2026, at 08:03 p.m. IST. The authorization covers specific services such as the execution of payment transactions where funds are covered by a credit line for a payment service user. The license does not carry a specified validity period, providing ongoing authorization for the subsidiary's operations.

Paytm Europe Payments S.A. is a wholly owned subsidiary of Paytm Cloud Technologies Limited, which in turn is a wholly owned Indian subsidiary of one 97 communications . The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no financial implications, aberrations, or penalties associated with this communication.

The following table details the key aspects of the license granted to the subsidiary:

Sunil Kumar Bansal, Company Secretary & Compliance Officer of One 97 Communications Limited, confirmed the accuracy of the information provided in the filing. The disclosure is available on the company’s investor relations website.

One 97 Communications has appointed Narasinganallore Venkatesh Srinivasan and Sachee Trivedi as Non-Executive Independent Directors effective July 05, 2026, for a term of three years. The appointments, subject to shareholder approval at the ensuing Annual General Meeting, aim to strengthen the Board as the company pursues its next phase of growth and higher profitability. The Board also approved the resignation of Whole-time Director Urvashi Sahai and designated four senior executives as Senior Management Personnel.

Mr. Narasinganallore Venkatesh Srinivasan brings over four decades of experience across finance, capital markets, banking, risk, and treasury management. He has held leadership positions at IDBI and the Association of Mutual Funds in India (AMFI). Ms. Sachee Trivedi, Founder and Managing Partner of Trident Capital Investments, has over two decades of experience in global equities investing and regulatory advisory in the financial services industry across the US and Europe.

The Board accepted the resignation of Ms. Urvashi Sahai from the office of Whole-time Director and Key Managerial Personnel, effective from the close of business hours on July 05, 2026. She steps down to focus on her executive responsibilities within the company. Consequently, her position as a member of the Stakeholders' Relationship Committee will also conclude on July 05, 2026. Ms. Sahai will continue to serve as General Counsel & Senior Vice President – Legal, designated as Senior Managerial Personnel effective July 06, 2026.

Additionally, the Board designated Mr. Anuj Mittal (Senior Vice President – Investor Relations), Mr. Avijit Jain (Senior Vice President & Chief Operating Officer – Loan distribution), and Mr. Vikash Jalan (Chief Operating Officer – Consumer Payments) as additional Senior Management Personnel effective July 03, 2026.

The following table summarizes the key details of the appointments and resignations: