Shares of One97 Communications Ltd., the parent company of digital payments platform Paytm, are likely to remain in focus on Thursday as investors await a key board meeting scheduled for July 20. Besides reviewing the company’s financial performance for the quarter ended June 2026, the board will also consider and approve a proposal for a bonus issue of shares, according to an exchange filing made after market hours on Wednesday.
If approved, the move would mark the first time has announced a bonus share issue since making its stock market debut in 2021, making the upcoming meeting a closely watched event for shareholders and market participants.
The proposed bonus issue represents a major milestone for the fintech company, which has not undertaken such a corporate action since its listing. While the board will deliberate on the proposal during the July 20 meeting, the company has not yet disclosed the bonus ratio or the record date that would determine shareholder eligibility.
Earlier, in December 2022, Paytm had returned capital to investors through an open market share buyback worth ₹850 crore. The upcoming proposal, however, would be a different form of shareholder reward and is expected to draw considerable attention once details are announced.
Stock Recovered Strongly From Historic Lows
Paytm’s journey on the stock market has been volatile since its 2021 initial public offering. The company debuted at a discount to its issue price of Rs 2,150 per share and has yet to reclaim that level.
Following its listing, the stock came under pressure amid regulatory challenges and investor concerns over the company’s path to profitability, eventually falling to a record low of nearly Rs 300.
Since then, however, sentiment has improved considerably. The stock has surged more than four times from those lows and is currently trading near its 52-week high, although it remains well below its IPO price.
On Wednesday, Paytm shares settled 0.5 per cent higher at Rs 1,388.7 after touching an intraday 52-week high of Rs 1,407. So far in 2026, the stock has gained around 7.5 per cent, but it still trades about 35 per cent below its issue price.
Mutual Funds Increase Exposure As Retail Investors Cut Holdings
The latest shareholding data for the June quarter indicates a shift in investor ownership patterns. Mutual funds raised their stake in One97 Communications to 17.94 per cent during the quarter, reflecting increased institutional participation.
In contrast, small retail investors, those with authorised share capital of up to Rs 2 lakh, reduced their holdings for the ninth consecutive quarter.
Despite the continued reduction in retail ownership, Paytm still has a broad shareholder base. According to the shareholding pattern filed with the Bombay Stock Exchange (BSE), more than 7.5 lakh retail investors collectively own over 8 per cent of the company as of June 30.