Appointment

July 20, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services, Phiroze The Listing Department, Exchange Plaza, Jeejeebhoy Towers, Bandra Kurla Complex, Mumbai-400051 Dalal Street, Fort, Mumbai - 400 001 Scrip Code: 543396 Symbol: PAYTM Sub: Disclosure under Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Outcome of the Board Meeting held on July 20, 2026 Dear Sir/ Ma’am, In continuation to our earlier letter dated July 15, 2026, and in terms of Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that the Board of Directors (“the Board”) of the Company at its meeting held today i.e., July 20, 2026, have inter alia, considered, discussed and approved the following: 1. Unaudited Standalone and Consolidated Financial Results ("Financial Results") of the Company for the quarter ended June 30, 2026, based on recommendation of the Audit Committee. Copy of the aforesaid financial results along with the Limited Review Report(s) by the Statutory Auditors of the Company, are enclosed as Annexure - I. 2. Appointment of Mr. Amitabh Kumar Singhal (DIN: 07630166) as an Additional Director under the category of Non-Executive Non-Independent Director, based on the recommendation of the Nomination & Remuneration Committee, w.e.f. July 20, 2026, who shall hold office up to the date of the ensuing Annual General Meeting (“AGM”). The Board also recommended the appointment of Mr. Amitabh Kumar Singhal as Director under the category of Non-Executive Non-Independent Director of the Company, liable to retire by rotation, for the approval of the Shareholders of the Company at the ensuing AGM. Mr. Amitabh Kumar Singhal has extensive knowledge in the field of Computer Science and is a former Senior VP of Google Search. He now dedicates his time to philanthropy as the founder of the Sitare Foundation and Sitare University, India’s first fully scholarship-based technical university for underprivileged students. Details are enclosed as Annexure II. 3. Investment in the equity shares of Paytm Money Limited Additional investment by the Company, by way of subscription, to the equity shares of its wholly owned subsidiary, namely Paytm Money Limited (‘PML’) by way of a Rights Issue for an amount upto ₹ 100 Crores (Rupees One Hundred Crores only), subject to the necessary approvals, as applicable. Details are enclosed as Annexure III. The investment is proposed to support PML’s growth and business requirements, including technology investments, regulatory capital requirements and expansion of its investment and wealth management businesses. 4. Proposed revision in utilisation of remaining IPO proceeds and extension of utilisation timeline The Board has approved a proposal to seek shareholders' approval to revise the utilisation of the remaining IPO proceeds. As of July 20, 2026, ₹1,686 crore of the ₹2,000 crore originally earmarked under Object 2 of the Offer for investing in new business initiatives, acquisitions and strategic partnerships remains unutilised. The Company proposes to use this balance interchangeably under Object 2 and Object 1 of the Offer, which is growing and strengthening Paytm's ecosystem, including through acquisition and retention of consumers One 97 Communications Limited Corporate Office - One Skymark, Tower-D, Plot No. H-10B, Sector-98, Noida-201304 compliance.officer@paytm.com T: +91120 4770770 F: +91120 4770771 CIN: L72200DL2000PLC108985 www.paytm.com Registered Office - 136, First Floor, Devika Tower, Nehru Place, New Delhi-110019 and merchants and providing them with greater access to technology and financial services. The Company also proposes to extend the utilisation timeline for these funds to March 31, 2029. This will provide flexibility to allocate capital to the highest value opportunities while continuing to strengthen the Company's core payments and financial services business, which has underpinned its return to profitability. The proposal is subject to shareholders' approval by way of a special resolution at the ensuing Annual General Meeting. 5. The Board emphasises continued focus on compounding growth and profitability for shareholder value creation, decides not to proceed with bonus issue at this time ⁠After evaluating the proposal from the perspective of long-term shareholder value and due deliberation, the Board was of the view that the Company should continue to focus on further compounding growth and profitability for shareholder value creation. Accordingly, the Board decided not to proceed with the said proposal at this time. 6. Amendments to One 97 Employees Stock Option Scheme 2019 (“ESOP Scheme 2019”) The amendments to the ESOP Scheme 2019, as recommended by the Nomination & Remuneration Committee (“NRC”) in its meeting held today, i.e. July 20, 2026. These amendments, inter alia, reinforce accountability, strengthen the linkage between long-term ownership and sustained business contribution, and shall be applicable to future ESOP grants. The amendments are subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting. The relevant details as required for the items 2 and 3 above under the SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed herewith as Annexure – II and Annexure III respectively. The Board meeting commenced at 08:00 p.m. (IST) and concluded at 09:30 p.m. (IST). The aforesaid details will also be hosted on the Company's website viz. https://ir.paytm.com/ . Kindly take the same on record. Thanking you Yours Sincerely, For One 97 Communications Limited Sunil Kumar Bansal Company Secretary & Compliance Officer FCS: 4810 Encl:. as Above One 97 Communications Limited Corporate Office - One Skymark, Tower-D, Plot No. H-10B, Sector-98, Noida-201304 compliance.officer@paytm.com T: +91120 4770770 F: +91120 4770771 CIN: L72200DL2000PLC108985 www.paytm.com Registered Office - 136, First Floor, Devika Tower, Nehru Place, New Delhi-110019 Annexure – I 6 7, Institutional Area S.R. LLP Sector 44, Gurugram -122 003 BATLIBOI & ASSOCIATES Haryana, India Chartered Accountants Tel:+9I1246Rl6000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors One 97 Communications Limited One Skymark, Tower-D, Plot No. H-10B Sector-98, Noida 201304, Uttar Pradesh I. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of One 97 Communications Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), its associates and joint ventures for the quarter ended June 30, 2026 and year to date from April 01, 2026 to June 30, 2026 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section I 33 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted [Showing first 8,000 characters — download PDF for full document]