One 97 Communications Limited (Paytm) announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors, following the recommendation of the Audit Committee, approved these results. In a significant board change, Mrs. Pallavi Shardul Shroff, an Independent Director, will complete her second consecutive term on February 8, 2026, and will consequently cease to be a Director, as well as a member of the Audit Committee and Nomination & Remuneration Committee. The board expressed its appreciation for her contributions. Additionally, Mr. Vijay Shekhar Sharma, Chairman, Managing Director (MD) & Chief Executive Officer (CEO) of One 97 Communications Limited, has been 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 aims to reinforce leadership in the merchant payments business, with Mr. Sharma continuing to draw his remuneration solely from the parent company. Further updates include the planned completion of the conversion of outstanding Optionally Convertible Debentures and Convertible Inter Corporate Deposits in Little Internet Private Limited, a subsidiary, during FY 2026-27. The company also disclosed that the Reserve Bank of India (RBI) has compounded matters with an aggregate value of approximately ₹21 crores relating to Nearbuy India Private Limited, and observed that matters with an aggregate value of approximately ₹485 crores are in compliance with applicable laws concerning the Show Cause Notice (SCN) received from the Directorate of Enforcement.
