Paytm Allots Equity Shares Worth INR 5.8 Cr Under ESOP Schemes

Paytm’s parent One97 Communications’ board has approved an allotment of 84,793 equity shares under its employee stock option schemes.

In an exchange filing on Sunday (March 9), Paytm said that its board approved the allotment of the equity shares at a face value of INR 1 each to eligible employees upon exercise of vested options under the Employee Stock Option Scheme 2019 and Employee Stock Option Scheme 2008.

While 84,377 shares were allotted under ESOP 2019, 416 shares were allotted under ESOP 2008. The exercise price for the allotted shares is INR 9 per share.

With the fresh allotment, the issued, subscribed and paid-up equity share capital of the company has increased to INR 63,77,52,264 (63.77 Cr) from INR 63,76,67,471 (63.76 Cr) earlier.

As per the stock’s closing price on Friday (March 7), the newly allotted equity shares are worth INR 5.8 Cr.

In the recent past, the company has made multiple announcements related to ESOPs. Last month, it allotted 1.36 Lakh equity shares under ESOP 2019. Prior to that, it allotted 2.03 Lakh stock options under the same plan in January as well.

On the financial front, Paytm narrowed its consolidated net loss by 6% to INR 208.5 Cr in the December quarter of the financial year 2024-25 (Q3 FY25) from INR 221.7 Cr a year ago. Revenue from operations declined 36% to INR 1,827.8 Cr during the quarter under review from INR 2,850.5 Cr in FY24.

Meanwhile, the company has been bogged down by regulatory challenges. Last week, the Enforcement Directorate (ED) issued a show cause notice to Paytm and two of its subsidiaries for “contravention” of multiple provisions of FEMA involving transactions worth about INR 611 Cr.

Shares of Paytm ended the day’s trade 2.8% lower at INR 665.51 per share on the BSE on Monday (March 10).