One 97 Communications Limited — Others, 01-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

One 97 Communications Limited has announced a board meeting to address a show cause notice (SCN) received from the Directorate of Enforcement regarding alleged FEMA violations related to its acquisitions of subsidiaries Little Internet Private Limited and Nearbuy India Private Limited, covering the years 2015-2019. The SCN cites contraventions linked to transactions totaling approximately INR 611.18 crore, but no penalties have been specified. The company is currently seeking legal advice to resolve the matters in compliance with applicable laws. Investor sentiment may reflect a cautious but neutral outlook as Paytm emphasizes its commitment to transparency and governance while assuring that its services remain unaffected.