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Paytm Executives Receive SEBI Show-Cause Notice Over 2023 Disclosure

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One 97 Communications (NSE:PAYTM, BOM:543396), which operates Paytm, said its key managerial personnel received a show-cause notice from the Securities and Exchange Board of India dated Aug. 11, according to a Wednesday stock exchange filing.

The notice concerns the timing of disclosure of certain information and its classification as unpublished price-sensitive information in connection with the company's Dec. 6, 2023 corporate announcement.

The recipients are evaluating the notice and are required to respond within 14 days of receiving it. No financial impact on the company is expected, according to the filing.

No penalty, restriction, or sanction has been imposed at this stage.

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