The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Elevation Capital V Ltd & PACs

Docusign Envelope ID: 402C089B-78B9-8DB7-8344-B41F77DF5D22 Elevation Capital V Limited Company No. C126757 C1/GBL (Incorporated in the Republic of Mauritius) 6th Floor, Two Tribeca, Tribeca Central, Trianon 72261, Mauritius Tel: (230) 467 3000 Fax: (230) 467 4000 Ref: SJ/MB/DB (Please quote our reference in your reply) 5 August 2026 By email BSE Limited P.J. Towers, Dalal Street Mumbai – 400001 India Email: Corp.relations@bseindia.com National Stock Exchange of India Ltd. Exchange Plaza Bandra-Kurla Complex Bandra East, Mumbai 400051 India Email: takeover@nse.co.in | vipulr@nse.co.in | tchari@nse.co.in One97 Communications Limited First Floor, Devika Tower Nehru Place, New Delhi 110019, Delhi Email: compliance.officer@paytm.com Dear Sir/Madam Disclosure under Regulation 29(1) and 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Scrip Code: 543396 Scrip Name: PAYTM Unit: One97 Communications Limited With reference to the subject cited above, please find the enclosed disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This is for the information and records of the Exchange. Yours faithfully Haleemah Bibi Bulladin Director Encs. Docusign Envelope ID: 402C089B-78B9-8DB7-8344-B41F77DF5D22 Format for Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Name of the Target Company (TC) ONE97 COMMUNICATIONS LIMITED Name(s) of the acquirer and Persons Acting in Seller: ELEVATION CAPITAL V LIMITED Concert (PAC) with the acquirer Persons Acting in Concert: SAIF III MAURITIUS COMPANY LIMITED, SAIF PARTNERS INDIA IV LIMITED, ELEVATION CAPITAL V FII HOLDINGS LIMITED Whether the acquirer belongs to NO Promoter/Promoter group Name(s) of the Stock Exchange(s) where the National Stock Exchange of India Limited (NSE) and BSE shares of TC are Listed Limited (BSE) Details of the acquisition / disposal as follows Number % w.r.t. total % w.r.t. total share/voting diluted capital share/voting wherever capital of the TC applicable(*) (**) Before the disposal under consideration, holding of: a) Shares carrying voting rights 92,313,737 (2) 14.40% (2) 14.40% (2) b) Shares in the nature of encumbrance NIL NA NA (pledge/ lien/non-disposal undertaking/ others) c) Voting rights (VR) otherwise than by shares NIL NA NA d) Warrants/convertible securities/any other NIL NA NA instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) e) Total (a+b+c+d) 92,313,737 (2) 14.40% (2) 14.40% (2) Details of acquisition/sale a) Shares carrying voting rights acquired/sold 23,498,583(3) 3.67% (3) 3.67% (3) b) VRs acquired/sold otherwise than by shares NIL NA NA c) Warrants/convertible securities/any other NIL NA NA instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold Docusign Envelope ID: 402C089B-78B9-8DB7-8344-B41F77DF5D22 d) Shares encumbered/ invoked/ released by NIL NA NA acquirer e) Total (a+b+c+/-d) 23,498,583(3) 3.67% (3) 3.67% (3) After the acquisition/sale, holding of: a) Shares carrying voting rights 68,815,154 (4) 10.73% (4) 10.73% (4) b) Shares encumbered with the acquirer NIL NA NA c) VRs otherwise than by shares NIL NA NA d) Warrants/convertible securities/any other NIL NA NA instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition e) Total (a+b+c+d) 68,815,154 (4) 10.73% (4) 10.73% (4) Mode of acquisition/sale (e.g. open OPEN MARKET market/off-market / public issue / rights issue / preferential allotment / inter-se transfer etc.) Date of acquisition/sale of shares/ VR or date 4 August 2026 of receipt of allotment of shares whichever is applicable Equity share capital / total voting capital of the Rs. 641,133,110/- COMPRISING OF 641,133,110 EQUITY TC before the said acquisition/ sale* SHARES OF FACE VALUE OF RS.1/- EACH Equity share capital/ total voting capital of the Rs. 641,133,110/- COMPRISING OF 641,133,110 EQUITY TC after the said acquisition/ sale* SHARES OF FACE VALUE OF RS.1/- EACH Total diluted share/voting capital of the TC Rs. 641,133,110/- COMPRISING OF 641,133,110 EQUITY after the said Acquisition* SHARES OF FACE VALUE OF RS.1/- EACH * As per post-issue shareholding pattern of the Target Company as at 2 August 2026 For and on behalf of ELEVATION CAPITAL V LIMITED -------------------------------- Director Signature of the acquirer/seller / Authorised Signatory Place: Mauritius Date: 5.08.2026 Docusign Envelope ID: 402C089B-78B9-8DB7-8344-B41F77DF5D22 (1) Break-up of shares of TC held before disposal by each of the sellers are as follows: Seller Number of shares % w.r.t. total share/ % w.r.t. total diluted held in TC voting capital share/voting capital Saif III Mauritius 60,365,369 9.42% 9.42% Company Limited Saif Partners India IV 25,627,088 4.00% 4.00% Limited Elevation Capital V 2,437,220 0.38% 0.38% Limited Elevation Capital V FII 3,884,060 0.61% 0.61% Holdings Limited (1) Break-up of shares of TC sold by sellers are as follows: Seller Number of shares % w.r.t. total share/ % w.r.t. total diluted held in TC voting capital share/voting capital Saif III Mauritius 15,365,975 2.40% 2.40% Company Limited Saif Partners India IV 6,523,348 1.02% 1.02% Limited Elevation Capital V 1,609,260 0.25% 0.25% Limited Elevation Capital V FII - - - Holdings Limited (2) Break-up of shares of TC held after disposal by each of the sellers are as follows: Seller Number of shares % w.r.t. total share/ % w.r.t. total diluted held in TC voting capital share/voting capital Saif III Mauritius 44,999,394 7.02% 7.02% Company Limited Saif Partners India IV 19,103,740 2.98% 2.98% Limited Elevation Capital V 827,960 0.13% 0.13% Limited Elevation Capital V FII 3,884,060 0.61% 0.61% Holdings Limited