jumped 1.4% to their day’s high of Rs 856.75 on the BSE after the Supreme Court stayed proceedings related to a Rs 5,712-crore Goods and Services Tax (GST) notice issued to Paytm-owned First Games by the Directorate General of GST Intelligence (DGGI), New Delhi.

The update was shared in a regulatory filing by , the parent company of Paytm and its gaming arm, First Games. The notice, issued in April 2025, had prompted First Games to file a writ petition in the apex court.

“We hereby inform you that First Games has informed us on May 24, 2025 at 10:44 am (IST) that in the writ petition …filed by First Games challenging the said SCN, the Hon’ble Supreme Court of India has on May 23, 2025 stayed the proceedings of the SCN,” One97 Communications said in the filing.

The case revolves around the classification and taxation of real money gaming platforms under the GST regime—an issue affecting several companies in the online gaming sector.

One97 Communications clarified that the tax matter is not limited to First Games but is part of a broader legal debate involving multiple gaming platforms facing large tax demands under revised GST norms. The Supreme Court is already hearing similar petitions.

The interim stay offers relief to First Games and may indicate the court's willingness to take a deeper look at how real money gaming is being taxed in India.

Paytm Q4 earnings
operator One97 Communications reported a consolidated net loss of Rs 540 crore in Q4FY25, marginally lower than the Rs 550 crore loss in the year-ago period.