Consolidated results for the quarter Ended September 30, 2026 (Unaudited)

Also decided at the meeting

• Approved additional investment in wholly owned subsidiary Paytm Cloud Technologies Limited of upto INR 500 Crores in one or more tranches over the next twelve months.
• Board of PCTL approved additional investment in its subsidiary Paytm Singapore Pte. Ltd of upto INR 500 Crores in one or more tranches over the next twelve months.
• Approved Default Loss Guarantee (DLG) on loans disbursed by lending partners, as per Annexure III.
• Authorised Madhur Deora (President & Group CFO) and Sunil Kumar Bansal (CS & Compliance Officer) as KMPs for materiality determination and disclosures under Reg 30(5).

Auditor's review

Conclusion: Unmodified

• Emphasis of Matter: note 5 on Show Cause Notice from Directorate of Enforcement to the Holding Company and two subsidiaries alleging FEMA contraventions; conclusion not modified.

Notes to the results

• Exceptional item: Holding Company wrote off obsolete capital work-in-progress of INR 4 crores in quarter ended September 30, 2026.
• Deferred tax expense includes INR 23 crores pertaining to previous year and INR 5 crores pertaining to previous quarter for one subsidiary.
• ED FEMA SCN with aggregate contraventions of approx. INR 611 crores; provision for compounding fees recorded; final outcome not assessable.
• JV First Games received CGST demand order on October 12, 2026 of INR 704 crores plus equal penalty; Group's JV carrying value nil, no financial impact.