Paytm's parent received a SEBI warning for unapproved related party transactions with Paytm Payments Bank totaling ₹360 crore in FY 2021-22.
SEBI noted compliance lapses, stating transactions were not approved by Paytm's audit committee or shareholders.
Paytm asserts adherence to SEBI Listing Regulations, claiming high standards and transparency while addressing SEBI's concerns.
The SEBI letter highlighted unapproved transactions between Paytm and Paytm Payments Bank, emphasizing the need for improved compliance.
SEBI instructed Paytm to ensure caution and improve compliance standards to prevent future violations, warning of potential enforcement action.
Following the news, Paytm share price dropped 0.7% to ₹465.80, while the broader index saw a slight increase.
Paytm reiterated its commitment to transparency and compliance, assuring no financial impact and addressing SEBI's concerns promptly.