One 97 Communications Limited , popularly known as Paytm, has completed its strategic group structure simplification process and formally disclosed the developments to stock exchanges. The company filed a regulatory disclosure on December 31, 2025, confirming the completion of acquisitions that transform three subsidiaries into wholly owned entities.

Regulatory Disclosure Details

Paytm submitted its disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to both BSE Limited and National Stock Exchange of India Limited. The disclosure, signed by Company Secretary and Compliance Officer Sunil Kumar Bansal, references previous company disclosures dated October 15, 2025, and November 28, 2025.

Key Acquisitions Completed

The company has successfully acquired the remaining stakes in three of its subsidiaries, making them wholly owned subsidiaries effective November 28, 2025:

Extended Group Structure Impact

Following the PFSL acquisition, four additional entities have become step-down wholly owned subsidiaries of Paytm through direct and indirect shareholdings:

• Admirable Software Limited
• Mobiquest Mobile Technologies Private Limited
• Urja Money Private Limited
• Fincollect Services Private Limited

Strategic Implications

This structural consolidation aligns with Paytm's ongoing efforts to streamline operations and improve synergies across its various business segments. The move provides the company with greater control over its diverse financial service offerings and technology solutions.

Financial Position Context

Paytm's consolidated balance sheet demonstrates strong financial health, with total assets reaching ₹21,447.70 crore as of March 2025, representing a 14.74% increase from the previous year. The company's total equity stood at ₹14,997.10 crore in March 2025, marking a 12.77% year-over-year increase.

The disclosure has been made available on the company's investor relations website at https://ir.paytm.com/ , ensuring transparency and compliance with regulatory requirements.

One 97 Communications Limited , popularly known as Paytm, has executed a Business Transfer Agreement to transfer its Offline Merchants Payment Business to its wholly-owned subsidiary, Paytm Payments Services Limited (PPSL). This strategic move, which follows unanimous shareholder approval through a postal ballot voting process, marks a significant step in the company's business restructuring strategy.

Transfer Details

The key details of the business transfer are as follows:

• Date of Agreement: November 28, 2023
• Effective Date: Midnight of November 30, 2023
• Transfer Amount: Approximately INR 960.00 crores
• Personnel Transfer: Includes two senior management personnel

This transfer is being undertaken to comply with the Reserve Bank of India's Master Directions on Regulation of Payment Aggregators dated September 15, 2023.

Voting Results

Prior to the execution of the agreement, the special resolution for the business transfer received overwhelming support from One 97 Communications' shareholders:

This unanimous decision reflects strong shareholder confidence in One 97 Communications' strategic direction and management decisions.

Business Restructuring Strategy

The transfer of the Offline Merchants Payment Business to PPSL is part of One 97 Communications' broader strategy to streamline its operations and potentially unlock value in its various business segments. This move could allow for more focused development and growth of the offline payment solutions, while the parent company continues to oversee the overall strategic direction.

Financial Context

While the specific financial implications of this transfer are now clear with the INR 960.00 crore valuation, it's worth noting One 97 Communications' recent financial position based on available data:

These figures indicate that One 97 Communications has been experiencing growth in its asset base and shareholder's capital, which provides a strong foundation for this strategic restructuring.

Implications for Stakeholders

1. Shareholders: The unanimous approval and subsequent execution of the agreement suggest that shareholders see potential value in this restructuring, possibly expecting improved operational efficiency or future growth opportunities.

2. Merchants: Offline merchants using One 97 Communications' payment solutions may benefit from a more focused approach to developing and improving these services under PPSL.

3. Competitors: This move could potentially strengthen One 97 Communications' position in the offline payments market, prompting competitors to reassess their strategies.

4. Regulators: The transfer aligns with regulatory requirements, specifically the RBI's Master Directions on Regulation of Payment Aggregators.

As One 97 Communications continues to evolve its business model, this transfer of the Offline Merchants Payment Business to PPSL represents a significant step in its corporate strategy. The unanimous shareholder approval and subsequent execution of the agreement underscore the confidence in this direction, setting the stage for potential further developments in the company's business structure and market positioning.