Paytm management gets Sebi show cause notice over timing of 2023 loan disclosure announcement
Paytm management has received a Sebi show-cause notice over the timing and classification of information disclosed in a December 2023 corporate announcement. The company said its key managerial personnel are evaluating the notice and will respond within 14 days. The development comes after Paytm reported strong Q1 FY27 earnings and Bernstein raised its target.
On August 11, 2026, the Securities and Exchange Board of India (Sebi) issued a show-cause notice to the management of One 97 Communications, Paytm's parent company, regarding the timing of a disclosure made in a corporate announcement dated December 6, 2023. The notice questions whether the information was properly classified as unpublished price-sensitive information.
Paytm stated that the key managerial personnel are currently reviewing the notice and will respond within the stipulated 14-day period. The company emphasized that the notice should not have any financial impact. Paytm's Q1 results for the quarter ending June 2026 showed a 79% increase in net profit to Rs 220 crore, driven by a 28% rise in revenue to Rs 2,448 crore.
Analyst Bernstein raised its target price for Paytm shares to Rs 2,200, marking the first time the stock has reached above its IPO price.
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