Paytm receivesSEBI warning on related party transactions; company says ‘consistently adhered to all listing regulations’

After Paytm’s parent company One 97 Communications received an administrative warning letter from Securities and Exchange Board of India (SEBI), it said that the company has consistently adhered to all listing regulations from time to time, including any amendments and updates to these regulations over time. SEBI, in its letter dated July 15, stated that certain transactions in FY22 between Paytm and its subsidiary Paytm Payments Bank were conducted without approval from the company’s audit committee or its shareholders.