With reference to the e-mail dated January 18, 2022 with respect to news item titled ‘Paytm to shut Canada B2C app to focus all resources on India business’ appeared in the ‘Channels-CNBC TV18’. At the outset, One97 Communications has clarified that the Paytm Canada consumer app is not material to the overall business of the Company, contributing less than 0.1 % of the revenue of the Company (for the last fiscal year ended March 31, 2021). Further, it clarified that this has no impact on Canada-based Paytm Labs (including its R&D and technical support business) or the Company's overall business and revenue. The company assured that that the Company is committed to comply with the Listing Regulations and any information/event, likely to have bearing on the price/ volume of the shares of the Company would be disclosed immediately to the Stock Exchanges within stipulated timeline.
The above information is a part of company’s filings submitted to BSE.
