One 97 Communications Limited (Paytm) has approved arrangements for providing Default Loss Guarantee (DLG) of up to ₹90 crore with each of its lending partners. This decision, made on June 04, 2026, aligns with the company's existing loan distribution business and the applicable regulatory framework. The DLG will be provided to lending partners like Muthoot Fincorp Limited and Kisetsu Saison Finance (India) Private Limited, in the form of Fixed Deposits or Bank Guarantees, to cover potential losses on loans disbursed by them. In a separate development, Mr. Ashit Ranjit Lilani has withdrawn his consent for reappointment as a Non-Executive Independent Director for a second term, effective July 05, 2026. This withdrawal, communicated on June 03, 2026, is due to other professional commitments. Consequently, his current term will conclude on July 04, 2026, after which he will also step down from his roles as chairperson of the Nomination and Remuneration Committee and Stakeholders’ Relationship Committee, and as a member of the Audit Committee and Investment Committee. The Board has expressed its appreciation for his services.
