One97 Communications, the father or mother entity that operates model Paytm, said on Monday as a part of its inventory alternate submitting that it had made related disclosures regarding SEBI’s discover, in its monetary outcomes for the quarter and 12 months ended March 31, 2024, in addition to the quarter ended June 30, 2024.
The corporate obtained the discover through the quarter ending March 2024, and has already addressed the matter by means of making a preliminary response.
Paytm is at present within the means of looking for additional info from SEBI concerning this matter. Primarily based on an impartial authorized opinion obtained by administration, the corporate believes it’s compliant with the related laws, its auditor’s assessment report said.
Accordingly, there isn’t any affect on the monetary outcomes for the present or earlier quarters ended June 30, 2024, and March 31, 2024, the corporate said.
In a current inventory alternate submitting on Monday addressing the difficulty, Paytm said that it’s in common communication with the markets regulator on the matter.
“The Firm (Paytm) is in common communication with the Securities Trade Board of India (SEBI) and making essential representations concerning this matter. Accordingly, there isn’t any affect on the monetary outcomes for earlier quarters ended June 30, 2024, and March 31, 2024, respectively. ” the corporate said as a part of its inventory alternate submitting on Monday.
The corporate’s proactive method in addressing the discover, looking for additional info and related disclosures as a part of its auditor’s assessment report displays its dedication to adhering to regulatory requirements and guaranteeing transparency in its operations.
