Paytm parent One 97 Communications reports significant impairment provisions, ESOP cancellation in Q1
, the parent of fintech company of Paytm, announced its Q1 FY26 results on July 22. During the quarter under review,
Paytm
made a net gain of Rs 122.5 crore. In the comparable period a year ago, the company had incurred a loss of Rs 839 crore. The revenue came in at Rs 1,917 crore, a rise of 28% over the Rs 1,502 crore earned in the same quarter a year earlier.
In its financial disclosures, the company has reported notable impairment provisions and changes regarding its Employee Stock Option Plan (ESOP). For the quarter ending June 30, 2025, the company recognised an impairment provision of Rs 26.1 crore for investments in subsidiaries and Rs 5.3 crore for investments in associates.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Digital Marketing
Project Management
MBA
Leadership
Public Policy
Cybersecurity
Degree
Healthcare
Product Management
Management
Technology
Others
Data Analytics
Operations Management
PGDM
Data Science
Finance
Data Science
healthcare
others
Design Thinking
MCA
CXO
Skills you'll gain:
Digital Marketing Strategies
Customer Journey Mapping
Paid Advertising Campaign Management
Emerging Technologies in Digital Marketing
Duration:
12 Weeks
Indian School of Business
Digital Marketing and Analytics
Starts on
May 14, 2024
Get Details
Skills you'll gain:
Digital Marketing Strategy
Search Engine Optimization (SEO) & Content Marketing
Social Media Marketing & Advertising
Data Analytics & Measurement
Duration:
24 Weeks
Indian School of Business
Professional Certificate Programme in Digital Marketing
Starts on
Jun 26, 2024
Get Details
Additionally, an impairment provision of Rs 11.4 crore was recorded for optionally convertible debentures.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villa Prices in Dubai Might Be Lower Than You Think!
Villa for sale in Dubai | Search Ads
Learn More
Undo
In comparison, for the previous quarter and the year ending March 31, 2025, the company acknowledged an impairment of Rs 17.7 million for investments in subsidiaries and Rs 19.6 million for optionally convertible debentures.
In a related development, during the financial year ending March 31, 2022, the company granted 21 million ESOPs to its Managing Director and CEO, contingent on the achievement of specific milestones.
Live Events
The accounting for these ESOPs has been in line with the requirements of Ind AS 102, which governs share-based payments. However, during the financial year 2023-24, the company received a Show Cause Notice (SCN) from the Securities and Exchange Board of India (SEBI). The SCN raised compliance concerns regarding the ESOPs under SEBI's SBEB Regulations.
To address these concerns, the company opted to file a settlement application with SEBI, which was under discussion as of March 31, 2025. On April 16, 2025, the MD & CEO voluntarily chose to forego the granted ESOPs, a decision that was acknowledged by the Nomination and Remuneration Committee (NRC) of the company.
Consequently, the NRC classified these ESOPs as cancelled, leading to an accelerated charge of Rs 492.4 crore, which was classified as an exceptional item in the Statement of Profit and Loss.
Moreover, the cumulative cost associated with these ESOPs, amounting to Rs 4,092 crore, was transferred from the ESOP Reserve to Retained Earnings as of March 31, 2025. This adjustment reflects the company's ongoing commitment to adhere to applicable accounting standards.
The cancelled options have since been returned to the company's ESOP pool under the One 97 Employees Stock Option Scheme, 2019, the company said in its statement.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
a minute ago
- Economic Times
Gold at 2-week low ahead of Fed meet. Will it fall below Rs 98k? Check what analysts say
Gold prices dropped to their 2-week low at Rs 98052/10 grams, up by Rs 223 or 0.24%, with a slightly positive bias as investors awaited the Federal Reserve's policy outcome on Wednesday, although optimism around a potential trade deal limited the metal's appeal. ADVERTISEMENT Meanwhile, silver July futures contracts also mirrored the sentiment, trading higher by 0.25% or Rs 278 at Rs 1,13,330/kg. On Friday, gold and silver settled on a weaker note in the domestic and international markets. Gold August futures contract settled at Rs 97,819 per 10 grams with a loss of 0.92% and silver September futures contract settled at Rs 1,13,052 per kilogram with a loss of 1.81%. Gold and silver showed heavy profit taking last week amid a rebound in the dollar index and the U.S. and Japan trade deal. The dollar index rebounded ahead of the Fed monetary policy meetings and triggered profit taking in precious metals. The US-Japan trade deal also increased hopes for the US-EU trade deal before U.S. tariff deadline of 1st August and also pushed gold and silver prices lower.'The U.S. trade tariff uncertainty and geopolitical tensions are supporting gold and silver prices at lower levels. The U.S. trade deal with numerous countries before the tariff deadline of 1st August looks impossible and recent tensions between Thailand and Cambodia could support precious metal prices,' said Manoj Kumar Jain of Prithvifinmart Commodity the US Dollar Index, DXY, was hovering near the 97.73 mark, gaining 0.09 or 0.09%. ADVERTISEMENT 'We expect gold and silver prices to remain volatile this week amid volatility in the global financial markets, the Fed monetary policy meeting and the U.S. trade tariff deadline but gold prices could hold its support level of $3,240 per troy ounce and silver prices could also hold $36.40 per troy ounce levels on a weekly closing basis,' he added. ADVERTISEMENT Gold has support at Rs 97,440-97,100 and resistance at Rs 98,280-98,600 has support at Rs 97,440-97,100 and resistance at Rs 98,280-98,600 Silver has support at Rs 1,12,200-1,11,000 and resistance at Rs 1,14,000-1,15,115 Jain suggests buying gold around Rs 97,700 with a strict stop loss of Rs 97,380 for a target of Rs 98,300. ADVERTISEMENT Standard gold (22 carat) prices in Delhi stand at Rs 57,872/8 grams while pure gold (24 carat) prices stand at Rs 61,760/8 gold (22 carat) prices in Mumbai stand at Rs 57,528/8 grams while pure gold (24 carat) prices stand at Rs 61,384/8 grams. ADVERTISEMENT Standard gold (22 carat) prices in Chennai stand at Rs 56,808/8 grams while pure gold (24 carat) prices stand at Rs 60,400/8 gold (22 carat) prices in Hyderabad stand at Rs 57,096/8 grams while pure gold (24 carat) prices stand at Rs 60,808/8 grams. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Hindustan Times
2 minutes ago
- Hindustan Times
Akshay Kumar sells two apartments in Mumbai's Borivali for ₹7.10 crore, earning over 90% ROI
Bollywood actor Akshay Kumar has sold two adjoining residential apartments in Mumbai's Borivali East for ₹7.10 crore, according to property registration documents reviewed by SquareYards. Mumbai real estate update: Bollywood actor Akshay Kumar has sold two adjoining residential apartments in Mumbai's Borivali East for ₹ 7.10 crore. (HT Files) Akshay Kumar purchased the two apartments in 2017 for ₹3.69 crore, and documents show that they have fetched 92% returns in the last eight years. Documents show that the two apartments are in a building called Oberoi Sky City, constructed by the listed real estate developer Oberoi Realty. According to the property registration documents, Akshay Kumar sold the first property valued at ₹5.75 crore. It has a carpet area of 1,101 sq ft and two car parking spaces. The transaction involved a stamp duty payment of Rs. 34.50 lakh and registration charges of Rs. 30,000. The documents show that Akshay Kumar sold both apartments to Pravin Shetty and Sabita Shetty. Also Read: ₹8.5 crore for a 5 BHK apartment in Mumbai's Borivali sparks social media reactions According to Squareyards, Akshay Kumar purchased the property in 2017 for Rs. 3.02 crore, which has since appreciated by 90%. The second transaction includes a 252 sq ft studio apartment sold for ₹1.35 crore. The second transaction incurred a stamp duty payment of ₹6.75 lakh and registration charges of ₹30,000. Akshay Kumar purchased the property in 2017 for Rs. 67.90 lakh, which has since appreciated by 99%, SquareYards said. According to Square Yards Data Intelligence, Oberoi Sky City has recorded 100 sale registrations with a total transaction value of ₹428 crore from August 2024 to July 2025. The average resale property price in the project stands at Rs. 47,800 per sq ft. Akshay Kumar and the buyers could not be reached for comment. Also Read: Top real estate deal in Mumbai's suburbs: 4 BHK apartment in Borivali sells for ₹14 crore at ₹56,000 per sq ft Akshay Kumar is on a real estate selling spree Bollywood actor Akshay Kumar has sold at least eight property units in the Mumbai real estate market over the past seven months, earning returns of over ₹110 crore. The sales include luxury apartments and commercial office spaces in prime locations such as Borivali, Worli, and Lower Parel. In January 2025, Akshay Kumar sold a 1,073 sq. ft. apartment in Mumbai's Borivali area for ₹4.25 crore. On January 31, 2025, Akshay Kumar and Twinkle Khanna sold their luxury apartment in the Oberoi 360 West project, located in Mumbai's Worli, for ₹80 crore, according to documents accessed by IndexTap. Also Read: Check out Akshay Kumar's return on investment from the sale of six properties in Mumbai Akshay Kumar sold another apartment in Borivali East for ₹4.35 crore. The deal was registered on March 8, 2025. The 1,073 sq. ft. apartment, which includes two car parking spaces, delivered an 84% return on investment. According to property registration documents reviewed by Square Yards, in March 2025, Kumar sold two additional apartments in Mumbai's Borivali area for a combined ₹6.60 crore. Purchased in 2017, both properties yielded an 89% return on investment. In April 2025, Akshay Kumar sold a commercial office space in Lower Parel for ₹8 crore in April 2025. He had purchased the unit in 2020 for ₹4.85 crore, earning a 65% return.
Business Standard
4 minutes ago
- Business Standard
NHC Foods Signs Mou With Lotmor Brands, Eyes Diversification, Retail Growth, Appoints New KMPs
PNN Mumbai (Maharashtra) [India], July 28: NHC Foods Limited (BSE: 517544), a leading exporter of agricultural commodities and spices, has entered into a strategic Memorandum of Understanding (MoU) with Lotmor Brands, marking a significant move in the company's growth and diversification strategy. This grants NHC Foods the rights to manufacture a range of beverages and similar products under Lotmor's 'Nature Day' brand. The strategic move aligns with NHC Foods' strategy to diversify its portfolio beyond exports and agricultural commodities. The company plans to leverage this tie-up to expand its footprint in India's organised retail sector, with a focused entry into leading chains. NHC aims to capture the growing demand for quality packaged beverages and allied FMCG products driven by evolving consumer lifestyles and preferences. Commenting on the MoU, Satyam Joshi, the newly appointed Managing Director of NHC Foods Limited, said, "This MoU with Lotmor marks a defining moment for NHC Foods as we step into India's thriving retail sector. Our strengths in manufacturing, quality assurance, and distribution, combined with Lotmor's product innovation, will enable us to deliver exceptional value to the consumers. This is the beginning of a long-term transformation for us. Highlights: * NHC Foods Limited has entered a strategic MoU with Lotmor Brands Private Limited to manufacture beverages and similar products under Lotmor's 'Nature Day' brand, marking its diversification beyond exports and agri-commodities. * Financial performance for FY 2024-25 shows strong growth, with revenue rising 63.1% to Rs. 341.41 crore and net profit increased 184.7% to Rs. 6.69 crore, reflecting operational efficiency and business momentum. * An EGM held on July 18, approved increasing authorised share capital from Rs. 65 crores to Rs. 100 crore and issuing 6.5 crore convertible warrants on a preferential basis to Mr. Joshi." Mr. Joshi's elevation from Executive Director to Managing Director follows the company's strategic shift under new leadership. An Extraordinary General Meeting (EGM) recently approved several resolutions, including an increase in authorised share capital from Rs. 65 crore to Rs. 100 crore, and the issuance of 6.5 crore convertible warrants on a preferential basis to Mr. Joshi. Separately, the Board of Directors of NHC Foods has approved the appointment of Manoj Kumar Sharma as the Company's Chief Financial Officer. At the same time, Vijay Thakkar has been appointed as the Company Secretary and Compliance Officer. Both appointments took effect on July 16. Financially, NHC Foods continues to demonstrate robust performance. The company's revenue for the financial year 2024-25 was Rs. 341.41 crore, representing a 63.1% increase over the previous year's revenue of Rs. 209.24 crore. The company's net profit jumped by 184.7% from Rs. 2.35 crore to Rs. 6.69 crore, reflecting enhanced growth and operational efficiencies. Disclaimer: This document contains forward-looking statements, which are not historical facts and are subject to risks and uncertainties such as government actions, local developments, and technological risks. The Company is not responsible for any actions taken based on these statements and does not commit to publicly updating them to reflect future events or circumstances.
