One 97 Communications Ltd, the parent company of Paytm, has received cautionary emails from the National Stock Exchange (NSE) and BSE over a delay in disclosing the schedule for its earnings call. The notices, received on March 28, 2025, pertain to Paytm’s earnings call held on May 22, 2024, for the financial year ending March 31, 2024.In an exchange filing, Paytm acknowledged the delay and confirmed it has already taken corrective steps to avoid similar lapses in the future.Paytm Exits Jugnoo with ₹3 Crore Stake Sale
In a separate development, Paytm announced the sale of its 12.75% stake in Socomo Technologies, the parent company of Jugnoo, for ₹3 crore. The transaction, which was approved by Paytm’s board, is expected to be completed by March 31, 2025.
“This move aligns with our strategic focus on strengthening our core payments and financial services business,” Paytm said in its regulatory filing.Jugnoo is repurchasing Paytm’s stake at a valuation of ₹23.52 crore. According to Samar Singla, co-founder of Jugnoo, the company is also offering an exit to other investors at the same valuation.Founded in 2014 by Samar Singla and Chinmay Agarwal, Jugnoo began as an auto-rickshaw aggregation platform before expanding into last-mile logistics and hyperlocal deliveries. Paytm has invested a total of ₹42.79 crore in Jugnoo over the years.As per data from Tracxn, Jugnoo has raised approximately $16.5 million in funding to date.These developments highlight Paytm’s ongoing efforts to streamline its business operations and sharpen its focus on core financial services while divesting from non-core investments.
