One 97 Communications Limited (Paytm) announced the outcome of its Board of Directors 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. The meeting also noted the completion of the second consecutive term for Independent Director Mrs. Pallavi Shardul Shroff on February 8, 2026, who will consequently cease to be a Director and a member of the Audit Committee and Nomination & Remuneration Committee. In a significant development for 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 its wholly-owned subsidiary, Paytm Payment Services Limited (PPSL). This appointment is for a period of five years, effective January 29, 2026, and is subject to applicable approvals. Mr. Sharma will continue to draw his remuneration solely from the parent company and will not receive any remuneration from PPSL. Furthermore, the company confirmed that the conversion of outstanding Optionally Convertible Debentures and Convertible Inter Corporate Deposits in its subsidiary, Little Internet Private Limited, is scheduled to be completed during the Financial Year 2026-27. The Board meeting commenced at 6:02 p.m. IST and was ongoing at the time of the announcement.
