One 97 Communications Limited (Paytm) announced the outcome of its Board Meeting held on January 29, 2026. The Board approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Key personnel changes were noted. Mrs. Pallavi Shardul Shroff, Independent Director, will complete her second term on February 8, 2026, and will consequently cease to be a Director and a member of the Audit Committee and Nomination & Remuneration Committee. The Board expressed appreciation for her contributions. In a strategic move to reinforce leadership in merchant payments, Mr. Vijay Shekhar Sharma, Chairman, Managing Director (MD) & Chief Executive Officer (CEO) of One 97 Communications Limited, has been additionally appointed as the Managing Director (Designated as MD & CEO) of Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary, for a period of five years effective January 29, 2026. This appointment is subject to applicable approvals, and he will continue to draw remuneration solely from the parent company. Furthermore, the conversion of outstanding Optionally Convertible Debentures and Convertible Inter Corporate Deposits in Little Internet Private Limited, a subsidiary, is expected to be completed during FY 2026-27, as previously disclosed on October 15, 2025. The Board meeting commenced at 06:02 p.m. (IST) and is ongoing. The financial results and related information will be hosted on the company's investor relations website.
