# SEBI issues show-cause notice to Paytm KMPs over 2023 disclosure 2026-08-13T16:08:18+00:00 | Governance | Indian Opinion Desk Corroboration: 2 independent outlets SEBI has issued a show-cause notice to key managerial personnel of Paytm parent One 97 Communications over the timing and classification of a December 2023 disclosure. The regulator questions whether the information should have been classified as unpublished price-sensitive information. The recipients, including CEO Vijay Shekhar Sharma and CFO Madhur Deora, have 14 days to respond. Paytm said no financial impact is expected. The December 6, 2023 announcement concerned Paytm's shift towards higher-ticket personal and merchant loans while reducing loans below Rs 50,000. The stock fell about 20% after the announcement, which came weeks after RBI tightened consumer lending norms. ## Coverage - legal.economictimes.indiatimes.com - thehindubusinessline.com Tags: insider trading, loan disclosure, One 97 Communications, Paytm, SEBI, UPSI Canonical: https://indianopinion.org/sebi-show-cause-notice-to-paytm-executives-over-2023-loan-disclosure/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/sebi-show-cause-notice-to-paytm-executives-over-2023-loan-disclosure/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.