System: None
User: 
    Consider you are a stock market news analyser. You are given with the parsed text of a pdf of a stock.
    You have to analyse the text given and summarize the text to extract the following information:

    - What is the current capital expenditure of the company?
    - What is the current PAT of the company and what is the projected (potential or proposed) PAT of the company?
      Also give reason from the document that how did you came to this figure?
    - What is the current revenue/topline of the company and what is the projected (potential or proposed) revenue of the company?
      Also give reason from the document that how did you came to this figure?
    - What is the projected/potential/proposed profit and its brief details describing how it can be achieved?
    - What is the CAGR mentioned in the text?
    - What is the Turnover of the company mentioned in the text with timeframe like monthly, quarterly or annual?
    - Mention the time frame like quarterly, monthly or yearly as mentioned in the extracted text.

    The text is:
    Corporate Office - One Skymark, Tower -D, Pl ot No. H-10B, Sector -98, Noida -201304  
T: <PRESIDIO_ANONYMIZED_PHONE_NUMBER>      F: <PRESIDIO_ANONYMIZED_PHONE_NUMBER>     CIN: L72200DL2000PLC108985  
Registered Office - 136, First Floor, Devika Tower, Nehru Place, New Delhi -110019  
One 97 Communications  Limited 
October 22, 2024 
BSE Limited  
Departmen t of Corporat e Services 
Phiroze Jeejeebhoy Towers,  
Dalal Street, Fort,  
Mumb ai - 400 001  
Scrip Code: 543396 National Stock Exchange of India Limited  
The Listing Department  
Exchange Plaza,  
Bandra Kurla Complex,  
Mumbai - 400 051  
Symbol: PAYTM  
Sub. :  Disclosure under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) 
Regulations, 2015 - Monitoring Agency Report for the quarter ended September 30, 2024  
Dear Sir / Ma’am,  
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 
2015, as amended, Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 
2018, we are enclosing herewith the Monitoring Agen cy Report dated October 22, 2024 issued by Axis  
Bank Limited, Monitoring Agency, for the quarter ended September 30, 2024, as reviewed and approved 
by the Audit Committee and Board of Directors of the Company, in respect of utilization of proceeds of 
the I nitial Public Offer of the Company.  
This disclosure will also be hosted on the Company's website viz. https://ir.paytm.com/ . 
Kindly take the same on record.  
Thanking you,  
Yours Sincerely,  
For One 97 Communications Limited 
Sunil Kumar Bansal  
Company Secretary and Compliance Officer  
Encl.: as Above   
 
AXB/CO/ 2024-25/9775 
October 22, 2024 
 
To, 
ONE 97 COMMUNICATIONS LIMITED   
First Floor, Devika Towers, Nehru Place,  
New Delhi 110019 
 
Dear Sir, 
 
Sub: One 97 Communications Limited (the “Company”) – Monitoring Agency Report 
 
We write in our capacity of Monitoring Agent to the Company and refer to our duties cast under Regulation 
41(2) of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 
2018. 
 
In terms of above, please find attached the Monitoring Report for the quarter ended on September 30, 2024  
as per Schedule XI of the aforesaid SEBI Regulations.  
 
Request you to kindly take the same on records. 
 
Thanking you. 
Yours Faithfully, 
For and on behalf of Axis Bank Ltd 
 
Authorised Signatory  
 
 
 
  
 
REPORT OF THE MONITORING AGENCY 
 
 
Name of the Issuer: ONE 97 COMMUNICATIONS LIMITED   
 
For quarter ended: September 30, 2024 
 
Name of the monitoring agency: Axis Bank Limited 
 
(a) Deviation from the objects: No Deviation 
 
Utilization different from Objects stated in the offer document but in line with change of 
objects approved by shareholders' resolution; or 
 
Utilization neither in line with Objects stated in the offer document nor approved by 
shareholders' resolution: 
 
In case of no deviation, the fact would be stated.  
 
(b) Range of Deviation*:  No Deviation 
 
Indicate the range of percentage deviation from the amount of issue proceeds earmarked for the objects. For 
example, up to 10%, 10- 25%, 25-50%, 50-75%, 75-100%, not ascertainable etc. 
 
* Range of Deviation may be computed by taking weighted average of financial deviation of each object in the 
ratio of issue proceeds allocated for it. Non-financial deviation may be indicated separately by way of notes. 
 
 
Declaration: 
 
I/We hereby declare that this report is based on the format as prescribed by SEBI (ICDR) Regulations, 
2018, as amended. I/We further declare that this report provides true and fair view of the utilization of issue 
proceeds.  
 
I/We declare that we do not have any direct / indirect interest in or relationship with the 
issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest 
in such relationship / interest while monitoring and reporting the utilization of issue proceeds by the issuer  
 
 
 
Signature:  
 
Name of the Authorized Person/Signing Authority: Vasu Lohia 
Designation of Authorized person/Signing Authority: Authorised Signatory 
Date: October 22, 2024  
  1) Issuer Details: 
 
Name of the issuer     : One97 Communications Limited 
The names of the promoters of the issuer NA 
       Industry / sector to which it belongs                           : Digital Payment Services, Commerce and  
Cloud Services and Financial Services 
 
2) Issue Details : 
 
Issue period      : 8th November,2021 to 10th November, 2021 
Type of issue (rights)    : Public Issue 
Type of specified security    : Equity Shares 
Grading      : Not Applicable 
Issue size (₹ in Crores)    : 18,300 Cr. 
 
3) Details of the arrangement made to ensure the monitoring of issue proceeds:  
 
(Give item by item description for all the objects stated in offer document separately in following format) 
 
 
Particulars  
Reply Comments of  
Monitoring  Agency Comments of  
Board of  
Directors 
Whether all the utilzation is as per 
disclosure in Offer  Document? Yes/ No Yes  Yes  
Whether Shareholder approval is obtained in 
case of  material deviations# from 
expenditures disclosed in Offer  Document? Yes/ No Not Applicable  Not Applicable  
Whether means of finance for disclosed 
objects of the  Issue has changed? Yes/ No No  No 
Any major deviation observed over the 
earlier monitoring agency reports? Yes/ No Not Applicable  Not Applicable  
Whether all Government / Statutory 
approvals related to  the object(s) obtained? Yes/ No Yes  Yes 
Whether   all   arrangements   pertaining   
to   technical  assistance/collaboration in 
operation? Yes/ No  Not Applicable Not Applicable  
Any favorable events improving object(s) 
viability Yes/ No Not Applicable  Not Applicable  
Any unfavorable events affecting object(s) 
viability Yes/ No Not Applicable  Not Applicable  
Any other relevant information that may 
materially  affect the decision making of the 
investors Yes/ No No No 
 
 
#Where material deviation may be defined to mean: 
1) Deviation in the objects or purposes for which the funds have been raised 
2) Deviation in the amount of fund actually utilized by more than 10% of the amount projected in the 
offer documents. 
 
 
 
 
 4) Details of object(s) to be monitored: 
 
 
4.1  Cost of Objects:  
(₹ in Million) 
 
S.  
No Item  
Head Original  
Cost (as 
per  
Issue 
Document) Revised  
Cost Comments of the 
Monitoring 
Agency Comments of 
the Board of 
Directors 
1 Growing and 
strengthening our Paytm 
ecosystem, including 
through acquisition and 
retention of consumers 
and merchants and 
providing them with 
greater access to 
technology and financial 
services 
i) Marketing and 
promotional expenses 
ii) Expanding our 
merchant base and 
deepening our 
partnership with our 
merchants 
iii) Strengthening and 
expanding our 
technology powered 
payments platform  43,000 43,000 None Nil 
2 Investing in new 
business initiatives, 
acquisitions and 
strategic partnerships 
i) Investments in new 
business initiatives  
ii) Payment Services 
iii) Commerce and cloud 
services 
iv) Financial Services 
v) Investments in 
acquisitions and 
strategic partnerships  20,000 20,000 None Nil 
3 General Corporate 
Purpose 18134 18,194 None Nil 
 
 
 
 
 
 
 
 
 4.2 Progress in the object(s)- 
(Give item by item description for all the objects stated in offer document separately in following format)  
 
(₹ in Million) 
S. 
No Item Head* Amount 
as 
proposed 
in Offer 
Document  Amount utilized Total 
unutilized  
amount Comments 
of the 
Monitoring 
Agency Comment
s of the 
Board of 
Directors  As at 
beginnin
g of the 
quarter During 
the 
quarter At the 
end of 
the 
quarter 
1. Growing and 
strengthening 
our Paytm 
ecosystem, 
including 
through 
acquisition and 
retention of 
consumers and 
merchants and 
providing them 
with greater 
access to 
technology and 
financial services 
i) Marketing and 
promotional 
expenses 
ii) Expanding 
our merchant 
base and 
deepening our 
partnership with 
our merchants 
iii) Strengthening 
and expanding 
our technology 
powered 
payments 
platform 43,000.00  43,000.00  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7,615 
 
 
 
17,217 
 
 
 
 
 
18,168 0000 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
000 
 
 
 
 
000 
 
 
 
 
 
 
000 43,000.00  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7,615 
 
 
 
17,217 
 
 
 
 
 
18,168 -  
 None  Nil 
2. Investing in new 
business 
initiatives, 
acquisitions and 
strategic 
partnerships 
i) Investments in 
new business 
initiatives  
ii) Payment 
Services 
iii) Commerce 
and cloud 
services 
iv) Financial 
Services 
v) Investments in 
acquisitions and 20,000.00  - - - 20,000.00 None  Nil  
Note 1: During the quarter ended September 30 2024, the Company has received INR 96 million as interest on Fixed deposits which 
was transferred from Axis bank Monitoring Agency account to General Purpose bank accounts on July 9, 2024 (INR 48 million) and 
on October 01, 2024 (INR 48 million). INR 48 million, subsequently withdrawn has not been included in the Unutilised Amount as 
on September 30, 2024. 
Note 2: During the previous quarter ended June 30, 2023, unutilised IPO issue expenses of INR 60 million has been 
transferred to net IPO proceeds, thereby increasing it from INR 81,134 million to INR 81,194 million and earmarked for 
general corporate purposes in accordance with the Objects of the Offer. 
 
4.3 Deployment of unutilized Issue Proceeds 
                     (₹ in Million) 
S. No. Type of 
instrument 
where amount 
invested* Amount 
invested Maturity 
date Earnings## Return on 
investment 
(ROI%) Market value 
as at the end of 
quarter** 
1 Bank Deposits & 
Bank Balances ^     
20,047.81  
  
Multiple   
3.91%  
NA 
 
## The exact earnings and market value shall be available on realisation / maturity of the fixed deposits. 
^ This includes Inr 48 Mn of interest realised as income on deposits created out of IPO proceeds in the quarter ended September 
30th 2024. 
 
 
4.4 Delay in implementation of the object(s)- 
 
Object(s) 
Name Completion Date Delay (No. of 
days/months) Comments of the Monitoring 
Agency. As per Offer 
Document Actual* 
Not Applicable, since no timeline has been specified in the Object Clause of Letter of Offer.  
 
* In case of continuing object(s) please specify latest/revised estimate of completion date.  S. 
No Item Head* Amount 
as 
proposed 
in Offer 
Document  Amount utilized Total 
unutilized  
amount Comments 
of the 
Monitoring 
Agency Comment
s of the 
Board of 
Directors  As at 
beginnin
g of the 
quarter During 
the 
quarter At the 
end of 
the 
quarter 
strategic 
partnerships  
3. General 
Corporate 
Purposes   18,194.00  
 18,194.00 0000 18,194.00         - None  Nil 
  
Total  
81,194.00   
61,194.00  
0000.00  
61,194.00  
20,000.00   

    Give the output in markdown format.
    
Assistant: