One 97 Communications Limited has filed its Monitoring Agency Report for the quarter ended September 30, 2026. Issued by Axis Bank Limited, the report confirms the utilization of Initial Public Offer (IPO) proceeds by the company. The report has been reviewed by the Audit Committee and taken on record by the Board of Directors. No material deviations in the utilization of funds were observed.
One 97 Communications Discloses IPO Proceeds Utilization
One 97 Communications Limited, the parent company of Paytm, has formally disclosed its Monitoring Agency Report concerning the utilization of its Initial Public Offer (IPO) proceeds. This report covers the financial quarter ending September 30, 2026.
Axis Bank Limited Appointed Monitoring Agency
The Monitoring Agency Report was prepared and issued by Axis Bank Limited. This disclosure is in compliance with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report specifically addresses the use of funds raised from the company’s IPO.
Key Findings: No Material Deviations
According to the report, the utilization of IPO proceeds has been in line with the objects stated in the offer document. Key findings include:
- Deviation from Objects: No deviation observed.
- Range of Deviation: No deviation reported.
The report further confirms that the funds raised through the IPO were primarily allocated to objectives such as strengthening the Paytm ecosystem, investing in new business initiatives, and general corporate purposes. The total original cost of objects was ₹8,113 crore, with a revised cost of ₹8,119 crore. As of September 30, 2026, the total unutilized amount was ₹1,486 crore, largely parked in bank deposits and bank balances.
Board and Audit Committee Approval
The Monitoring Agency Report was reviewed by the company’s Audit Committee and subsequently taken on record by the Board of Directors during their meetings held on October 26, 2026. This disclosure will also be hosted on the company’s investor relations website.
Source: BSE
