Latest news with #OCL
Yahoo
28-05-2025
- Health
- Yahoo
Families get involved in marking World Ocean Week
An Jersey environmental charity has kicked off its World Ocean Week (WOW) celebrations with a series of events aimed at connecting families with the ocean. Ocean Culture Life (OCL) said its collaboration with the Child and Adolescent Mental Health Service (CAMHS) in Jersey would feature interactive workshops, creative storytelling, and hands-on conservation activities. The events have taken place in Jersey for the past three years, with NASA astronaut Nicole Stott visiting the island in 2024 to talk about protecting the planet's waters. Co-founder of OCL Tamsin Raine said WOW 2025 got under way in St Ouen on Monday with "amazing energy". She said: "We have explored the shore line with the low tide discovery workshop and we have started brainstorming our mural ideas with Art House Jersey. "The kids are totally buzzing, full of questions, ideas and creativity, and that's really what this week is about, connecting people to the ocean in ways that are fun, meaningful and memorable. "I think it's these experiences that plant the seeds of long-term change." Speakers for the 2025 event include Zandile Ndhlovu, a South African ocean conservationist, and British conservation biologist, photographer and filmmaker, Kaush Subramaniam. Other activities being held in Jersey for WOW include a local art exhibition, sensory workshops, a community paddle out, and a display of local marine life. OCL said hundreds of young people would participate in its ocean conservation school workshops as part of the project. The experience ends with the celebration of World Ocean Day on 8 June. Follow BBC Jersey on X and Facebook. Send your story ideas to Astronaut helps schools learn about World Ocean Week Ocean Culture Life
Yahoo
11-05-2025
- Business
- Yahoo
Those who invested in Objective (ASX:OCL) five years ago are up 152%
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on a lighter note, a good company can see its share price rise well over 100%. One great example is Objective Corporation Limited (ASX:OCL) which saw its share price drive 140% higher over five years. In more good news, the share price has risen 15% in thirty days. But this could be related to good market conditions -- stocks in its market are up 7.0% in the last month. Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. We check all companies for important risks. See what we found for Objective in our free report. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). During five years of share price growth, Objective achieved compound earnings per share (EPS) growth of 26% per year. This EPS growth is higher than the 19% average annual increase in the share price. So it seems the market isn't so enthusiastic about the stock these days. Of course, with a P/E ratio of 50.71, the market remains optimistic. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. It might be well worthwhile taking a look at our free report on Objective's earnings, revenue and cash flow. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Objective the TSR over the last 5 years was 152%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence! It's nice to see that Objective shareholders have received a total shareholder return of 41% over the last year. That's including the dividend. That's better than the annualised return of 20% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. If you would like to research Objective in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Mint
08-05-2025
- Business
- Mint
Paytm's Sharma settles Sebi case, barred from new Esops for 3 years
Vijay Shekhar Sharma, the founder and managing director of One97 Communications Ltd, has settled a regulatory probe initiated by the Securities and Exchange Board of India (Sebi) over alleged irregularities in the grant of employee stock options (Esops) ahead of the fintech's 2021 initial public offering. Sebi accepted revised terms proposed by Sharma, his brother Ajay Shekhar Sharma and One97 Communications Ltd (OCL), closing enforcement proceedings without admission or denial of guilt, according to the settlement order dated 8 May. Under the agreement, Vijay Shekhar Sharma has been barred from accepting Esops from any listed company for three years. The regulator's probe centered around 2.1 crore Esops granted to Sharma in October 2021 and over 2.2 lakh options given to his brother in May 2022 after Sharma allegedly declassified himself as a promoter just days before Paytm filed its initial public offering (IPO) documents. Also read: Sebi alleges Synoptics used IPO funds to inflate own stock on market debut Sebi noted that Sharma, who had earlier been disclosed as a promoter of the company in filings with the Registrar of Companies, reclassified himself as a non-promoter on 12 July 2021—just three days before the IPO filing. The regulator alleged that this move, coupled with the transfer of a portion of Sharma's equity to a family trust controlled by him, allowed him to retain effective control while becoming eligible for a large Esop allotment—something restricted under Sebi's share based employee benefits regulations for promoters holding more than 10% stake. The settlement terms include the cancellation of all such unexercised Esops granted to the Sharma brothers. Additionally, Sharma will pay a monetary settlement of ₹1.11 crore and One97 Communications will pay a similar amount. Ajay Sharma will pay ₹57.11 lakh and disgorge gains of ₹35.86 lakh from the sale of shares obtained through the exercised Esops. Also read: Sebi defers rollout of common contract note for FPIs to July Sebi's order emphasized the importance of transparency and fairness in the administration of employee benefit schemes, particularly in the run-up to public issues. 'OCL and Mr. Vijay Shekhar Sharma made incorrect disclosures in the offer documents by disclosing Mr. Vijay Shekhar Sharma as a non-promoter public shareholder," Sebi observed. In its settlement process, the regulator's high-powered advisory committee and anel of whole-time members cleared the revised terms submitted in January and March 2025, respectively. The applicants remitted their settlement and disgorgement amounts in April, following which Sebi issued the closure order. While the settlement closes this chapter of regulatory action, Sebi has reserved the right to reopen proceedings, if any representation made during the process is found to be untrue or if the applicants breach any conditions of the settlement. Also read: Sebi plans raising MF exposure limit in REITs, InvITs; experts flag tax concerns Paytm, which debuted on the Indian stock exchanges in November 2021 with a ₹18,300 crore public issue, has faced scrutiny over its business model, profitability and governance since listing.
NDTV
08-05-2025
- Business
- NDTV
Paytm Owner, CEO, Brother Settle Stock Options Case, Pay Rs 2.8 Crore
New Delhi: One97 Communications Ltd, owner of the Paytm brand, its CEO Vijay Shekhar Sharma and his brother Ajay Shekhar Sharma on Thursday settled with markets regulator SEBI a case pertaining to the company's Employee Stock Options (ESOPs) by paying a total amount of Rs 2.8 crore. As a part of the settlement, Vijay Sharma will not accept any fresh ESOPs from any listed company for a period of 3 years, according to an order passed by SEBI. In addition, SEBI has directed One97 Communications (OCL) to cancel ESOPs granted to the two brothers. Accordingly, ESOPs of 2.1 crore and 2.23 lakh granted to Vijay and Ajay respectively were cancelled. Last month, Vijay Sharma voluntarily surrendered 2.1 crore shares worth about Rs 1,800 crore, One97 Communications stated in a regulatory filing. Further, OCL and Vijay Sharma remitted Rs 1.11 crore each, while Ajay Sharma paid Rs 57.11 lakh to settle the matter. Further, SEBI disgorged Rs 35.86 lakh from Ajay Sharma with respect to the sale of 3,720 OCL shares obtained upon exercise of the ESOPs. The order came after OCL and the two brothers approached SEBI proposing to settle the pending proceedings through a settlement order "without admitting or denying the findings of fact and conclusions of law". The matter relates to the eligibility of Vijay Sharma to receive Employee Stock Options of One97 Communications. The Securities and Exchange Board of India (SEBI) had conducted an examination in the matter of OCL and two brothers regarding the eligibility of Vijay Shekhar Sharma to receive ESOPs of the company. The regulator noted that OCL had granted 2.1 crore ESOPs to Vijay Sharma in October 2021 and 2.26 lakh ESOPs to Ajay Sharma in May 2022. Following the examination, a Show Cause Notice (SCN) was issued to them in February 2024. In its show cause notice, Vijay Sharma was allegedly disclosed as the promoter of One97 Communications in the annual returns of the company filed with the Registrar of Companies prior to the FY 2020-21. There was no material change in his rights or influence over the management of the company but Vijay Sharma declassified himself as non-promoter on July 12, 2021 just before filing of IPO documents by OCL on July 15, 2021. Further, Vijay Sharma allegedly created such a scheme through arrangement of transfer of a portion of his equity in OCL to a family trust -- created a few days prior to filing of offer documents for IPO by OCL-- controlled by him so that he could continue to exercise control over more than 10 per cent equity of OCL directly and indirectly and circumvent the provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) norms for getting arbitrarily huge number of ESOPs to himself to the detriment of public shareholders. OCL allegedly allowed such actions by Vijay Sharma to circumvent norms. Also, Vijay Sharma had special rights by virtue of his position as founder of OCL and he was also the Managing Director of OCL. Hence, it is alleged that he was in a position to influence the decision-making of the Nomination and Remuneration Committee while approving grant of ESOPs to himself and his brother Ajay. It is further alleged that ESOPs granted to Ajay Sharma were under the influence of Vijay Sharma as just 10 months ago, the ESOPs granted to Ajay were cancelled citing that the Companies Act prohibits issuance of ESOPs to promoter Group and SEBI's definition of promoter group includes family members. OCL and Vijay Sharma allegedly made incorrect disclosures in the offer documents by disclosing Vijay as a non-promoter public shareholder. Vijay Sharma had not provided the necessary disclosures required to be given by the promoter of a company, including promoters' contribution and lock-in period, profile of the promoter and declarations to be submitted to the stock exchanges, details of payment or benefit to promoter, SEBI alleged.
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Business Standard
06-05-2025
- Business
- Business Standard
'Exceptional item' keeps Paytm in loss with ₹540 crore hit in Q4FY25
One97 Communications Ltd (OCL), the company that operates the Paytm brand, posted a consolidated loss of ₹539.8 crore in the fourth quarter of 2024-25 (Q4FY25), slightly lower from the ₹549.6 crore it reported in Q4FY24. Sequentially, the fintech company's loss widened from ₹208.3 crore in Q3FY25 on account of a one-time exceptional expense amounting to ₹522 crore during the quarter ended March 2025. This was largely driven by Managing Director & Chief Executive Officer Vijay Shekhar Sharma forgoing employee stock ownership plan (Esops), leading to an expense of ₹492.4 crore. OCL's net loss would have stood at ₹23 crore in the absence of the exceptional item on its balance sheet. The Noida-based company's losses for full FY25 were significantly lower at ₹658.7 crore, down from ₹1,417 crore in FY24. 'We will definitely aim for 200 to 250 million customers on our platform. I'm not talking about… GMV (gross merchandise value) or transaction market share but about highly repeated usage by 250 million users because it is a material number of users (that will) matter on our platform,' Sharma said in a call with analysts. Sharma's comments came as Paytm saw a sharp 25 per cent year-on-year reduction in monthly transacting users (MTUs) on its app during the quarter ended March. MTUs were down to 72 million in Q4FY25 from 96 million in Q4FY24. Meanwhile, OCL's revenue from operations declined 15.7 per cent to ₹1,911.5 crore in Q4FY25 from ₹2,267.1 crore in Q4FY24. Sequentially, revenue from operations grew marginally by 4.6 per cent from ₹1,827.8 crore in Q3FY25. Its revenue from operations for FY25 stood at ₹6,900.4 crore, a 30.8 per cent decrease from ₹9,977.8 crore in FY24. The fintech major has trimmed its expenses to ₹2,154.9 crore in Q4FY25, a 19.9 per cent reduction from ₹2,691.4 crore in Q4FY24. On a quarter-on-quarter (QoQ) basis, expenses saw a minor decline of 2.9 per cent from ₹2,219.8 crore in Q3FY25. It reduced expenses by 21.9 per cent in FY25 — to ₹9,095.9 crore from ₹11,644.6 crore in FY24. Paytm received ₹70 crore in FY25 as incentives for India's real-time payments system Unified Payments Interface (UPI), significantly lower than the ₹288 crore in FY24. The reduction in incentives follows a cut in the Centre's budget allocation for promoting the real-time payments system this year. Asked about the return of the Paytm wallet, which is under restrictions following a diktat from the regulator, Sharma said the company might be close to a 'breakthrough'. 'I really wish we would have had it by now… but we may be near a breakthrough or some solution…,' he added. The number of merchant subscriptions, which includes the number of payment acceptance devices, grew to 12.4 million in Q4FY25, up 15.9 per cent from 10.7 million in Q4FY24. Registered merchants stood at 44 million at the end of Q4FY25. Revenue from financial services stood at ₹545 crore in Q4FY25, a 79 per cent increase from ₹304 crore in Q4FY24. Its revenue from payments services declined 33 per cent to ₹1,046 crore from ₹1,554 crore. It distributed personal and merchant loans worth ₹5,738 crore in Q4FY25, up 13 per cent from ₹5,079 crore in the same quarter the previous year. The company's cash balance stood at ₹12,809 crore at the end of FY25, compared with ₹8,650 crore at the end of FY24. The cash balance growth on account of the sale of its entertainment ticketing business to Zomato and monetisation of its stock acquisition rights in Japan-based PayPay.
