Paytm Allots 1.36 Lakh Shares Under ESOP Scheme

Fintech major Paytm’s board has approved the allotment of 1.36 Lakh equity shares to its eligible employees under employee stock option plan (ESOP) 2019.

“The company …approved the allotment of 1,36,528 equity shares having face value of INR 1 each, as fully paid-up, to the eligible employees, upon exercise of vested options under employees stock option scheme 2019,” the company said in a BSE filing on Thursday (February 6).

With this allotment, Paytm’s total paid-up capital has increased to INR 63.76 Cr from INR 63.75 Cr previously. The company has set an exercise price of INR 9 apiece for the shares.

This follows Paytm last month allotting 1.48 Lakh equity shares to its eligible employees under various ESOP schemes. In December, the fintech major also allotted 2.44 Lakh equity shares to eligible employees under its ESOP 2019 and ESOP 2008 schemes. 

The company also set aside 4 Lakh equity shares for its eligible employees under ESOP 2019 in November 2024.

The development comes at a time when Paytm is facing GST troubles. Earlier this week, Paytm was slapped with a GST demand notice of INR 3.73 Cr for allegedly wrongly availing input tax credit. 

On the same day, the company said that the Delhi GST authorities levied a fine of INR 59.94 Lakh on the listed company’s founder and CEO Vijay Shekhar Sharma. Besides, the authorities also imposed an additional penalty of INR 1.19 Cr on its parent One97 Communications for flouting tax norms.

Meanwhile, the company is actively looking to expand its global footprint. Last month, Paytm ‘s board approved the incorporation of three new subsidiaries of Paytm Cloud Technologies in the UAE, Saudi Arabia, and Singapore. 

In February, Paytm Cloud Technologies Limited also said that it would acquire a 25% stake in Delaware-based fintech startup Seven Technology LLC for $1 Mn. 

On the financial front, Paytm managed to trim its loss by 6% to INR 208.5 Cr in the third quarter (Q3) of the financial year 2024-25 (FY25) from INR 221.7 Cr in the same quarter last fiscal on the back of recovery in its digital payments business. Meanwhile, operating revenue declined 36% to INR 1,827.8 Cr during the quarter under review from INR 2,850.5 Cr in the year-ago period.

Shares of the fintech company ended Friday’s (February 7) trading session 1.75% higher at  INR 811.60 on the BSE. 

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