One 97 Communications Limited — Others, 06-05-2025: Monitoring Agency Report

One97 Communications Limited has announced a board meeting on the financial results for the quarter and half-year. The latest report from Axis Bank confirms full compliance in utilizing ₹18,300 Cr of IPO funds, primarily for expanding the Paytm ecosystem, new business ventures, and corporate needs. As of the quarter-end, ₹6,119.4 Cr has been spent, with ₹2,000 Cr remaining unutilized. The company earned ₹18.7 Cr interest on fixed deposits from IPO proceeds, transferred to general corporate accounts. No delays or negative issues were noted, reflecting disciplined fund management.